Market Recap: Qurate Retail Inc (QRTEA)’s Positive Momentum, Closing at 0.79

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The closing price of Qurate Retail Inc (NASDAQ: QRTEA) was $0.79 for the day, up 2.78% from the previous closing price of $0.77. In other words, the price has increased by $2.78 from its previous closing price. On the day, 2.54 million shares were traded. QRTEA stock price reached its highest trading level at $0.7946 during the session, while it also had its lowest trading level at $0.7687.

Ratios:

Our analysis of QRTEA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.28 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.44. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 28.94 whereas as Long-Term Debt/Eq ratio is at 25.26.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 22 ’24 when Rawlinson David bought 90,600 shares for $0.72 per share. The transaction valued at 65,223 led to the insider holds 1,443,666 shares of the business.

Rawlinson David bought 9,400 shares of QRTEA for $6,655 on May 21 ’24. The President/CEO now owns 1,353,066 shares after completing the transaction at $0.71 per share. On Nov 27 ’23, another insider, Wendling Brian J, who serves as the CAO/PFO of the company, sold 20,000 shares for $0.89 each. As a result, the insider received 17,852 and left with 20,000 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 344699808 and an Enterprise Value of 6688272896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.03 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 0.63 whereas that against EBITDA is 6.616.

Stock Price History:

The Beta on a monthly basis for QRTEA is 2.81, which has changed by -0.254717 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. 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 9.21%, while the 200-Day Moving Average is calculated to be -5.77%.

Shares Statistics:

QRTEA traded an average of 5.94M shares per day over the past three months and 3899900 shares per day over the past ten days. A total of 383.05M shares are outstanding, with a floating share count of 354.80M. Insiders hold about 10.60% of the company’s shares, while institutions hold 62.38% stake in the company. Shares short for QRTEA as of 1719532800 were 6563105 with a Short Ratio of 1.11, compared to 1717113600 on 9738993. Therefore, it implies a Short% of Shares Outstanding of 6563105 and a Short% of Float of 1.8800000000000001.

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