Qurate Retail Inc (NASDAQ: QRTEA) is -38.49% lower on its value in year-to-date trading and has touched a low of $0.40 and a high of $1.80 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 QRTEA stock was last observed hovering at around $0.56 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.54, the stock is -12.15% and -19.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.01 million and changing -3.43% at the moment leaves the stock -37.60% off its SMA200. QRTEA registered -31.34% loss for a year compared to 6-month loss of -56.22%.
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The stock witnessed a -17.61% gain in the last 1 month and extending the period to 3 months gives it a -25.97%, and is -11.79% down 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 6.53% over the week and 6.76% over the month.
Qurate Retail Inc (QRTEA) has around 20300 employees, a market worth around $213.74M and $10.37B in sales. Fwd P/E is 0.93. Profit margin for the company is -2.44%. Distance from 52-week low is 34.63% and -70.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.78%).
Qurate Retail Inc quarterly earnings per share for the current quarter are estimated at 0.07 with sales reaching $2.41B over the same period.The EPS is expected to grow by 234.14% this year, but quarterly earnings will post -6.40% year-over-year. Quarterly sales are estimated to shrink -11.10% in year-over-year returns.
242.0 institutions hold shares in Qurate Retail Inc (QRTEA), with institutional investors hold 67.36% of the company’s shares. The shares outstanding are 383.05M, and float is at 354.85M with Short Float at 1.39%. Institutions hold 61.60% of the Float.
The top institutional shareholder in the company is CONTRARIUS INVESTMENT MANAGEMENT LTD with over 35.25 million shares valued at $22.21 million. The investor’s holdings represent 8.9925 of the QRTEA Shares outstanding. As of 2024-06-30, the second largest holder is FPR PARTNERS LLC with 29.93 million shares valued at $18.86 million to account for 7.6354 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 28.64 million shares representing 7.3072 and valued at over $18.05 million, while D. E. SHAW & CO., INC. holds 4.8491 of the shares totaling 19.01 million with a market value of $11.98 million.
Qurate Retail Inc (QRTEA) Insider Activity
The most recent transaction is an insider purchase by Rawlinson David, the company’s President/CEO. SEC filings show that Rawlinson David bought 90,600 shares of the company’s common stock on May 22 ’24 at a price of $0.72 per share for a total of $65223.0. Following the purchase, the insider now owns 1.44 million shares.
Qurate Retail Inc disclosed in a document filed with the SEC on May 21 ’24 that Rawlinson David (President/CEO) bought a total of 9,400 shares of the company’s common stock. The trade occurred on May 21 ’24 and was made at $0.71 per share for $6655.0. Following the transaction, the insider now directly holds 1.35 million shares of the QRTEA stock.
Still, SEC filings show that on Nov 27 ’23, Wendling Brian J (CAO/PFO) disposed off 20,000 shares at an average price of $0.89 for $17852.0. The insider now directly holds 20,000 shares of Qurate Retail Inc (QRTEA).
