QuidelOrtho Corporation (NASDAQ: QDEL) is -14.85% lower on its value in year-to-date trading and has touched a low of $23.77 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 $27.95 in the last trading session, with the day’s loss setting it -0.38%.
Currently trading at $27.57, the stock is -5.46% and -9.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -1.36% at the moment leaves the stock -25.10% off its SMA200. QDEL registered -38.11% loss for a year compared to 6-month loss of -38.20%. The firm has a 50-day simple moving average (SMA 50) of $30.3872 and a 200-day simple moving average (SMA200) of $36.9767.
The stock witnessed a -4.60% gain in the last 1 month and extending the period to 3 months gives it a 1.06%, and is -12.67% 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 4.68% over the week and 4.45% over the month.
QuidelOrtho Corporation (QDEL) has around 6600 employees, a market worth around $1.86B and $2.77B in sales. Fwd P/E is 8.52. Profit margin for the company is -12.07%. Distance from 52-week low is 15.99% and -44.25% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.34%).
with sales reaching $611.88M over the same period.The EPS is expected to grow by 29.81% this year, but quarterly earnings will post -2.27% year-over-year. Quarterly sales are estimated to shrink -3.94% in year-over-year returns.
356.0 institutions hold shares in QuidelOrtho Corporation (QDEL), with institutional investors hold 113.37% of the company’s shares. The shares outstanding are 67.50M, and float is at 66.56M with Short Float at 8.82%. Institutions hold 112.37% 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 BLACKROCK INC. which holds 4.89 million shares representing 7.2935 and valued at over $162.58 million, while VANGUARD GROUP INC holds 7.285 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.
