The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
QuidelOrtho Corporation (NASDAQ: QDEL) closed the day trading at $24.46 down -0.41% from the previous closing price of $24.56. In other words, the price has decreased by -$0.41 from its previous closing price. On the day, 1.45 million shares were traded. QDEL stock price reached its highest trading level at $25.39 during the session, while it also had its lowest trading level at $24.38.
Ratios:
For a better understanding of QDEL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.77.
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, Citigroup on December 11, 2024, Upgraded its rating to Buy and sets its target price to $50 from $44 previously.
On December 10, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $43.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QDEL now has a Market Capitalization of 1649939456 and an Enterprise Value of 4231542528. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.59 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 1.521 whereas that against EBITDA is 8.01.
Stock Price History:
The Beta on a monthly basis for QDEL is 0.29, which has changed by -0.40078396 over the last 52 weeks, in comparison to a change of 0.042615533 over the same period for the S&P500. 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 -30.79%, while the 200-Day Moving Average is calculated to be -38.70%.
Shares Statistics:
Over the past 3-months, QDEL traded about 1.03M shares per day on average, while over the past 10 days, QDEL traded about 1677700 shares per day. A total of 67.30M shares are outstanding, with a floating share count of 66.26M. Insiders hold about 1.77% of the company’s shares, while institutions hold 109.23% stake in the company. Shares short for QDEL as of 1743379200 were 4058741 with a Short Ratio of 3.93, compared to 1740700800 on 4260845. Therefore, it implies a Short% of Shares Outstanding of 4058741 and a Short% of Float of 10.040000000000001.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The current market rating for QuidelOrtho Corporation (QDEL) reflects the collective analysis of 7.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is $0.11, with high estimates of $0.19 and low estimates of $0.01.
Analysts are recommending an EPS of between $2.47 and $2.2 for the fiscal current year, implying an average EPS of $2.35. EPS for the following year is $3.27, with 7.0 analysts recommending between $3.36 and $3.1.
Revenue Estimates
8 analysts predict $694.1M in revenue for the current quarter. It ranges from a high estimate of $700.75M to a low estimate of $682.6M. As of the current estimate, QuidelOrtho Corporation’s year-ago sales were $711MFor the next quarter, 8 analysts are estimating revenue of $622.32M. There is a high estimate of $629M for the next quarter, whereas the lowest estimate is $613M.
A total of 8 analysts have provided revenue estimates for QDEL’s current fiscal year. The highest revenue estimate was $2.72B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.71B. In the same quarter a year ago, actual revenue was $2.78BBased on 8 analysts’ estimates, the company’s revenue will be $2.82B in the next fiscal year. The high estimate is $2.88B and the low estimate is $2.78B.
