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As of close of business last night, QuidelOrtho Corporation’s stock clocked out at $43.36, down -4.47% from its previous closing price of $45.39. In other words, the price has decreased by -$4.47 from its previous closing price. On the day, 0.62 million shares were traded. QDEL stock price reached its highest trading level at $45.38 during the session, while it also had its lowest trading level at $42.92.
Ratios:
To gain a deeper understanding of QDEL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.75.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 2915326976 and an Enterprise Value of 5578926592. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.03 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.968 whereas that against EBITDA is 9.461.
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 3.28%, while the 200-Day Moving Average is calculated to be -10.45%.
Shares Statistics:
It appears that QDEL traded 1.15M shares on average per day over the past three months and 884390 shares per day over the past ten days. A total of 66.70M shares are outstanding, with a floating share count of 58.00M. Insiders hold about 13.74% of the company’s shares, while institutions hold 84.59% stake in the company. Shares short for QDEL as of 1724976000 were 4258463 with a Short Ratio of 3.50, compared to 1722384000 on 4445799. Therefore, it implies a Short% of Shares Outstanding of 4258463 and a Short% of Float of 9.2700005.
