Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The price of QuidelOrtho Corporation (NASDAQ: QDEL) closed at $44.60 in the last session, up 0.04% from day before closing price of $44.58. In other words, the price has increased by $0.04 from its previous closing price. On the day, 0.56 million shares were traded. QDEL stock price reached its highest trading level at $44.7 during the session, while it also had its lowest trading level at $42.93.
Ratios:
We take a closer look at QDEL’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 11 ’24 when Blaser Brian J. bought 6,033 shares for $41.42 per share. The transaction valued at 249,878 led to the insider holds 6,033 shares of the business.
Robert Bujarski bought 20,000 shares of QDEL for $808,000 on Dec 09 ’24. On Nov 21 ’24, another insider, Carlyle Group Inc., who serves as the 10% Owner of the company, sold 8,260,183 shares for $35.31 each. As a result, the insider received 291,700,102 and left with 0 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 2999648768 and an Enterprise Value of 5649591296. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 2.005 whereas that against EBITDA is 9.633.
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 10.54%, while the 200-Day Moving Average is calculated to be 8.46%.
Shares Statistics:
According to the various share statistics, QDEL traded on average about 851.25K shares per day over the past 3-months and 1081450 shares per day over the past 10 days. A total of 67.20M shares are outstanding, with a floating share count of 66.27M. Insiders hold about 1.47% of the company’s shares, while institutions hold 96.75% stake in the company. Shares short for QDEL as of 1732838400 were 3911386 with a Short Ratio of 4.45, compared to 1730332800 on 4148164. Therefore, it implies a Short% of Shares Outstanding of 3911386 and a Short% of Float of 8.51.
