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After finishing at $38.58 in the prior trading day, QuidelOrtho Corporation (NASDAQ: QDEL) closed at $37.48, down -2.85%. In other words, the price has decreased by -$2.85 from its previous closing price. On the day, 3.98 million shares were traded. QDEL stock price reached its highest trading level at $38.06 during the session, while it also had its lowest trading level at $36.3.
Ratios:
Our goal is to gain a better understanding of QDEL by taking a closer look at its different 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.
On September 05, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $40 to $57.
UBS Downgraded its Neutral to Sell on March 04, 2024, whereas the target price for the stock was revised from $70 to $42.
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 Aug 09 ’24 when Carlyle Group Inc. sold 74,134 shares for $41.53 per share. The transaction valued at 3,078,980 led to the insider holds 8,260,183 shares of the business.
Carlyle Group Inc. sold 106,705 shares of QDEL for $4,382,446 on Aug 08 ’24. The 10% Owner now owns 8,334,317 shares after completing the transaction at $41.07 per share. On Aug 07 ’24, another insider, Carlyle Group Inc., who serves as the 10% Owner of the company, sold 78,180 shares for $39.94 each. As a result, the insider received 3,122,840 and left with 8,441,022 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, QDEL now has a Market Capitalization of 2520781312 and an Enterprise Value of 5154581504. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 0.79. Its current Enterprise Value per Revenue stands at 1.829 whereas that against EBITDA is 8.789.
Stock Price History:
Over the past 52 weeks, QDEL has reached a high of $75.86, while it has fallen to a 52-week low of $29.74. The 50-Day Moving Average of the stock is -9.96%, while the 200-Day Moving Average is calculated to be -11.12%.
Shares Statistics:
The stock has traded on average 681.60K shares per day over the past 3-months and 1346650 shares per day over the last 10 days, according to various share statistics. A total of 66.70M shares are outstanding, with a floating share count of 58.02M. Insiders hold about 13.74% of the company’s shares, while institutions hold 95.79% stake in the company. Shares short for QDEL as of 1730332800 were 4148164 with a Short Ratio of 6.09, compared to 1727654400 on 4169938. Therefore, it implies a Short% of Shares Outstanding of 4148164 and a Short% of Float of 9.0299994.
