QuidelOrtho Corporation (NASDAQ: QDEL) is -35.88% lower on its value in year-to-date trading and has touched a low of $41.75 and a high of $98.67 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QDEL stock was last observed hovering at around $46.81 in the last trading session, with the day’s gains setting it 0.45%.
Currently trading at $47.26, the stock is 1.53% and -22.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 0.95% at the moment leaves the stock -34.35% off its SMA200. QDEL registered -43.05% loss for a year compared to 6-month loss of -35.89%. The firm has a 50-day simple moving average (SMA 50) of $1.87 and a 200-day simple moving average (SMA200) of $9.23.
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The stock witnessed a -32.04% gain in the last 1 month and extending the period to 3 months gives it a -28.14%, and is 10.24% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.07% over the week and 4.84% over the month.
QuidelOrtho Corporation (QDEL) has around 7100 employees, a market worth around $3.16B and $2.99B in sales. Fwd P/E is 12.49. Profit margin for the company is -0.34%. Distance from 52-week low is 13.20% and -52.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.14%).
QuidelOrtho Corporation quarterly earnings per share for the current quarter are estimated at $0.74 with sales reaching $718.4M over the same period.The EPS is expected to shrink by -36.29% this year, but quarterly earnings will post -5.90% year-over-year. Quarterly sales are estimated to shrink -9.50% in year-over-year returns.
424 institutions hold shares in QuidelOrtho Corporation (QDEL), with institutional investors hold 108.29% of the company’s shares. The shares outstanding are 66.70M, and float is at 48.11M with Short Float at 4.92%. Institutions hold 100.55% of the Float.
The top institutional shareholder in the company is Carlyle Group Inc. with over 12.46 million shares valued at $1.03 billion. The investor’s holdings represent 18.66% of the QDEL Shares outstanding. As of Jun 29, 2023, the second largest holder is T. Rowe Price Investment Management, Inc. with 6.64 million shares valued at $550.37 million to account for 9.94% of the shares outstanding. The other top investors are Blackrock Inc. which holds 5.0 million shares representing 7.49% and valued at over $414.32 million, while Vanguard Group Inc holds 7.32% of the shares totaling 4.89 million with a market value of $405.34 million.
QuidelOrtho Corporation (QDEL) Insider Activity
The most recent transaction is an insider purchase by Busky Joseph M, the company’s Chief Financial Officer. SEC filings show that Busky Joseph M bought 2,150 shares of the company’s common stock on Feb 23 ’24 at a price of $46.35 per share for a total of $99663.0. Following the purchase, the insider now owns 2150.0 shares.
