Qurate Retail Inc (NASDAQ: QRTEA) is -35.07% 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 $0.57 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.57, the stock is -4.43% and -2.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 0.48% at the moment leaves the stock -29.94% off its SMA200. QRTEA registered 22.68% gain for a year compared to 6-month loss of -41.96%. The firm has a 50-day simple moving average (SMA 50) of $0.5806 and a 200-day simple moving average (SMA200) of $0.81165.
The stock witnessed a -4.77% gain in the last 1 month and extending the period to 3 months gives it a -20.67%, and is -0.91% 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 4.78% over the week and 6.65% over the month.
Qurate Retail Inc (QRTEA) has around 20300 employees, a market worth around $225.65M and $10.37B in sales. Fwd P/E is 0.99. Profit margin for the company is -2.44%. Distance from 52-week low is 42.12% and -68.42% 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 0.09 with sales reaching $2.42B 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 -2.50% in year-over-year returns.
240.0 institutions hold shares in Qurate Retail Inc (QRTEA), with institutional investors hold 67.22% of the company’s shares. The shares outstanding are 383.05M, and float is at 354.93M with Short Float at 1.30%. Institutions hold 61.47% 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 sale by Wilm Renee L, the company’s Chief Legal/Admin Officer. SEC filings show that Wilm Renee L sold 75,789 shares of the company’s common stock on Sep 12 ’24 at a price of $0.97 per share for a total of $73808.0. Following the sale, the insider now owns 0.0 shares.
Qurate Retail Inc disclosed in a document filed with the SEC on May 22 ’24 that Rawlinson David (President/CEO) bought a total of 90,600 shares of the company’s common stock. The trade occurred on May 22 ’24 and was made at $0.72 per share for $65223.0. Following the transaction, the insider now directly holds 1.44 million shares of the QRTEA stock.
Still, SEC filings show that on May 21 ’24, Rawlinson David (President/CEO) acquired 9,400 shares at an average price of $0.71 for $6655.0. The insider now directly holds 1,353,066 shares of Qurate Retail Inc (QRTEA).
