QuidelOrtho Corporation (NASDAQ: QDEL) is -37.27% lower on its value in year-to-date trading and has touched a low of $29.74 and a high of $76.43 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 $46.23 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $46.23, the stock is 4.82% and 13.14% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.87 million and changing 0.00% at the moment leaves the stock -5.40% off its SMA200. QDEL registered -38.99% loss for a year compared to 6-month loss of -2.51%.
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The stock witnessed a 5.64% gain in the last 1 month and extending the period to 3 months gives it a 32.69%, and is 3.19% 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 2.72% over the week and 3.64% over the month.
QuidelOrtho Corporation (QDEL) has around 7100 employees, a market worth around $3.11B and $2.83B in sales. Fwd P/E is 15.37. Profit margin for the company is -65.72%. Distance from 52-week low is 55.47% and -39.51% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.45%).
with sales reaching $643.68M over the same period.The EPS is expected to shrink by -57.57% this year, but quarterly earnings will post -9.40% year-over-year.
361.0 institutions hold shares in QuidelOrtho Corporation (QDEL), with institutional investors hold 99.19% of the company’s shares. The shares outstanding are 66.70M, and float is at 58.00M with Short Float at 7.34%. Institutions hold 97.75% of the Float.
The top institutional shareholder in the company is CARLYLE GROUP INC. with over 11.52 million shares valued at $382.72 million. The investor’s holdings represent 17.2209 of the QDEL Shares outstanding. As of 2024-06-30, the second largest holder is T. ROWE PRICE INVESTMENT MANAGEMENT, INC. with 9.49 million shares valued at $315.42 million to account for 14.1925 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.89 million shares representing 7.3153 and valued at over $162.58 million, while VANGUARD GROUP INC holds 7.3068 of the shares totaling 4.89 million with a market value of $162.39 million.
QuidelOrtho Corporation (QDEL) Insider Activity
The most recent transaction is an insider sale by Carlyle Group Inc., the company’s 10% Owner. SEC filings show that Carlyle Group Inc. sold 74,134 shares of the company’s common stock on Aug 09 ’24 at a price of $41.53 per share for a total of $3.08 million. Following the sale, the insider now owns 8.26 million shares.
QuidelOrtho Corporation disclosed in a document filed with the SEC on Aug 08 ’24 that Carlyle Group Inc. (10% Owner) sold a total of 106,705 shares of the company’s common stock. The trade occurred on Aug 08 ’24 and was made at $41.07 per share for $4.38 million. Following the transaction, the insider now directly holds 8.33 million shares of the QDEL stock.
Still, SEC filings show that on Aug 07 ’24, Carlyle Group Inc. (10% Owner) disposed off 78,180 shares at an average price of $39.94 for $3.12 million. The insider now directly holds 8,441,022 shares of QuidelOrtho Corporation (QDEL).
