QuidelOrtho Corporation (NASDAQ: QDEL) is -9.61% lower on its value in year-to-date trading and has touched a low of $29.74 and a high of $74.04 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 $41.10 in the last trading session, with the day’s loss setting it -0.83%.
Currently trading at $40.27, the stock is -9.28% and -3.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing -2.02% at the moment leaves the stock -1.64% off its SMA200. QDEL registered -44.80% loss for a year compared to 6-month gain of 17.92%. The firm has a 50-day simple moving average (SMA 50) of $41.621 and a 200-day simple moving average (SMA200) of $40.9808.
The stock witnessed a -3.20% loss in the last 1 month and extending the period to 3 months gives it a -0.54%, and is -14.15% 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 6.52% over the week and 4.77% over the month.
QuidelOrtho Corporation (QDEL) has around 7100 employees, a market worth around $2.71B and $2.81B in sales. Fwd P/E is 16.47. Profit margin for the company is -66.33%. Distance from 52-week low is 35.43% and -45.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-33.71%).
The EPS is expected to shrink by -56.21% this year
349.0 institutions hold shares in QuidelOrtho Corporation (QDEL), with institutional investors hold 98.02% of the company’s shares. The shares outstanding are 67.20M, and float is at 66.30M with Short Float at 6.29%. Institutions hold 96.59% 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
QuidelOrtho Corporation disclosed in a document filed with the SEC on Dec 11 ’24 that Blaser Brian J. (President and CEO) bought a total of 6,033 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $41.42 per share for $0.25 million. Following the transaction, the insider now directly holds 6033.0 shares of the QDEL stock.
Still, SEC filings show that on Dec 09 ’24, Robert Bujarski (Former COO) Proposed Sale 20,000 shares at an average price of $40.40 for $0.81 million. The insider now directly holds shares of QuidelOrtho Corporation (QDEL).
