QuidelOrtho Corporation (NASDAQ: QDEL) is -15.36% 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 $28.11 in the last trading session, with the day’s loss setting it -26.62%.
Currently trading at $1.49M, the stock is -2.63% and -3.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.29 million and changing 1292457% at the moment leaves the stock -24.11% off its SMA200. QDEL registered -35.58% loss for a year compared to 6-month loss of -35.99%. The firm has a 50-day simple moving average (SMA 50) of $29.642 and a 200-day simple moving average (SMA200) of $37.81995.
The stock witnessed a -8.19% gain in the last 1 month and extending the period to 3 months gives it a -18.05%, and is 1.31% 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 4.07% over the week and 4.10% over the month.
QuidelOrtho Corporation (QDEL) has around 6600 employees, a market worth around $1.94B and $2.77B in sales. Fwd P/E is 8.89. Profit margin for the company is -12.07%. Distance from 52-week low is 20.74% and -41.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.34%).
The EPS is expected to grow by 29.14% this year
360.0 institutions hold shares in QuidelOrtho Corporation (QDEL), with institutional investors hold 113.40% of the company’s shares. The shares outstanding are 67.50M, and float is at 66.58M with Short Float at 6.11%. Institutions hold 112.40% 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.
