Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, QuidelOrtho Corporation (NASDAQ: QDEL) closed at $40.27 down -2.02% from its previous closing price of $41.10. In other words, the price has decreased by -$2.02 from its previous closing price. On the day, 1.18 million shares were traded. QDEL stock price reached its highest trading level at $42.58 during the session, while it also had its lowest trading level at $40.26.
Ratios:
For a deeper understanding of QuidelOrtho Corporation’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 0.86 whereas as Long-Term Debt/Eq ratio is at 0.74.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2708427520 and an Enterprise Value of 5342227968. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.96 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 1.896 whereas that against EBITDA is 9.109.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $74.04, while it has fallen to a 52-week low of $29.74. The 50-Day Moving Average of the stock is -3.35%, while the 200-Day Moving Average is calculated to be -1.64%.
Shares Statistics:
For the past three months, QDEL has traded an average of 930.42K shares per day and 933330 over the past ten days. A total of 67.20M shares are outstanding, with a floating share count of 66.30M. Insiders hold about 1.42% of the company’s shares, while institutions hold 96.48% stake in the company. Shares short for QDEL as of 1735603200 were 4171157 with a Short Ratio of 4.48, compared to 1732838400 on 3911386. Therefore, it implies a Short% of Shares Outstanding of 4171157 and a Short% of Float of 9.07.
Earnings Estimates
The dynamic stock of QuidelOrtho Corporation (QDEL) is currently attracting attention from 8.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is $0.67, with high estimates of $0.77 and low estimates of $0.59.
Analysts are recommending an EPS of between $1.9 and $1.7 for the fiscal current year, implying an average EPS of $1.8. EPS for the following year is $2.45, with 8.0 analysts recommending between $2.74 and $2.2.
Revenue Estimates
A total of 5 analysts believe the company’s revenue will be $700.49M this quarter.It ranges from a high estimate of $703M to a low estimate of $695.6M. As of the current estimate, QuidelOrtho Corporation’s year-ago sales were $742.6MFor the next quarter, 5 analysts are estimating revenue of $705.15M. There is a high estimate of $716.77M for the next quarter, whereas the lowest estimate is $698.3M.
A total of 8 analysts have provided revenue estimates for QDEL’s current fiscal year. The highest revenue estimate was $2.78B, while the lowest revenue estimate was $2.76B, resulting in an average revenue estimate of $2.77B. In the same quarter a year ago, actual revenue was $3BBased on 8 analysts’ estimates, the company’s revenue will be $2.77B in the next fiscal year. The high estimate is $2.81B and the low estimate is $2.73B.
