Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, QuidelOrtho Corporation (NASDAQ: QDEL) closed at $27.28 up 1.37% from its previous closing price of $26.91. In other words, the price has increased by $1.37 from its previous closing price. On the day, 1.42 million shares were traded. QDEL stock price reached its highest trading level at $27.735 during the session, while it also had its lowest trading level at $26.7.
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 0.69 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:
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 1840161536 and an Enterprise Value of 4421741568. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 1.589 whereas that against EBITDA is 8.37.
Stock Price History:
The Beta on a monthly basis for QDEL is 0.19, which has changed by -0.3230769 over the last 52 weeks, in comparison to a change of 0.07019031 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 $25.13. The 50-Day Moving Average of the stock is -26.48%, while the 200-Day Moving Average is calculated to be -31.93%.
Shares Statistics:
For the past three months, QDEL has traded an average of 1.01M shares per day and 1711640 over the past ten days. 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 108.52% stake in the company. Shares short for QDEL as of 1743379200 were 4058741 with a Short Ratio of 4.01, 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
