Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of QuidelOrtho Corporation (NASDAQ: QDEL) closed at $30.67 in the last session, down -0.26% from day before closing price of $30.75. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1.32 million shares were traded.
Ratios:
We take a closer look at QDEL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.66 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.76.
On December 11, 2024, Citigroup Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $44 to $50.
On December 10, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $43.Jefferies initiated its Hold rating on December 10, 2024, with a $43 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jan 06 ’25 when The Bujarski 2007 Trust U/A Dt bought 100,200 shares for $47.50 per share.
Blaser Brian J. bought 6,033 shares of QDEL for $249,878 on Dec 11 ’24. The President and CEO now owns 6,033 shares after completing the transaction at $41.42 per share. On Dec 09 ’24, another insider, Robert Bujarski, who serves as the Former COO of the company, bought 20,000 shares for $40.40 each.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 0.69.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $49.45, while it has fallen to a 52-week low of $23.77. The 50-Day Moving Average of the stock is 0.16%, while the 200-Day Moving Average is calculated to be -21.56%.
Shares Statistics:
A total of 67.50M shares are outstanding, with a floating share count of 66.23M. Insiders hold about 2.06% of the company’s shares, while institutions hold 111.43% stake in the company.
