QuidelOrtho Corporation (NASDAQ: QDEL) is -40.70% lower on its value in year-to-date trading and has touched a low of $25.13 and a high of $49.45 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 $28.85 in the last trading session, with the day’s loss setting it -2.43%.
Currently trading at $26.42, the stock is -20.53% and -30.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing -8.42% at the moment leaves the stock -34.17% off its SMA200. QDEL registered -40.80% loss for a year compared to 6-month loss of -37.33%. The firm has a 50-day simple moving average (SMA 50) of $37.7562 and a 200-day simple moving average (SMA200) of $40.1366.
The stock witnessed a -28.34% gain in the last 1 month and extending the period to 3 months gives it a -42.60%, and is -18.68% 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 14.20% over the week and 6.60% over the month.
QuidelOrtho Corporation (QDEL) has around 6600 employees, a market worth around $1.78B and $2.78B in sales. Fwd P/E is 8.01. Profit margin for the company is -72.88%. Distance from 52-week low is 5.13% and -46.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.30%).
with sales reaching $694.97M over the same period.The EPS is expected to grow by 27.64% this year, but quarterly earnings will post -2.65% year-over-year. Quarterly sales are estimated to shrink -2.25% in year-over-year returns.
365.0 institutions hold shares in QuidelOrtho Corporation (QDEL), with institutional investors hold 110.93% of the company’s shares. The shares outstanding are 67.30M, and float is at 66.25M with Short Float at 6.13%. Institutions hold 109.35% 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 17.1695 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 14.1502 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.89 million shares representing 7.3068 and valued at over $162.39 million, while BLACKROCK INC. holds 7.2935 of the shares totaling 4.89 million with a market value of $162.58 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).
