Market Momentum Report: Qurate Retail Inc (QRTEA)’s Negative Close at 0.62

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The price of Qurate Retail Inc (NASDAQ: QRTEA) closed at $0.62 in the last session, down -1.57% from day before closing price of $0.63. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 1.84 million shares were traded. QRTEA stock price reached its highest trading level at $0.6424 during the session, while it also had its lowest trading level at $0.62.

Ratios:

We take a closer look at QRTEA’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.47. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 22.02 whereas as Long-Term Debt/Eq ratio is at 19.41.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on November 04, 2022, Downgraded its rating to Underperform and sets its target price to $1.20 from $4 previously.

On February 28, 2022, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $11.50 to $6.30.

On April 09, 2021, BofA Securities started tracking the stock assigning a Buy rating and target price of $16.BofA Securities initiated its Buy rating on April 09, 2021, with a $16 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 Sep 12 ’24 when Wilm Renee L sold 75,789 shares for $0.97 per share. The transaction valued at 73,808 led to the insider holds 0 shares of the business.

Rawlinson David bought 90,600 shares of QRTEA for $65,223 on May 22 ’24. The President/CEO now owns 1,443,666 shares after completing the transaction at $0.72 per share. On May 21 ’24, another insider, Rawlinson David, who serves as the President/CEO of the company, bought 9,400 shares for $0.71 each. As a result, the insider paid 6,655 and bolstered with 1,353,066 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QRTEA now has a Market Capitalization of 276133632 and an Enterprise Value of 6352131072. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.02 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 0.612 whereas that against EBITDA is 6.143.

Stock Price History:

Over the past 52 weeks, QRTEA has reached a high of $1.80, while it has fallen to a 52-week low of $0.40. The 50-Day Moving Average of the stock is 3.55%, while the 200-Day Moving Average is calculated to be -25.18%.

Shares Statistics:

According to the various share statistics, QRTEA traded on average about 2.62M shares per day over the past 3-months and 2324960 shares per day over the past 10 days. A total of 383.05M shares are outstanding, with a floating share count of 354.93M. Insiders hold about 10.58% of the company’s shares, while institutions hold 59.81% stake in the company. Shares short for QRTEA as of 1726185600 were 5277655 with a Short Ratio of 2.01, compared to 1723680000 on 4947012. Therefore, it implies a Short% of Shares Outstanding of 5277655 and a Short% of Float of 1.50999995.

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