QuidelOrtho Corporation (NASDAQ: QDEL) is -27.40% 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 $25.45 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $25.3, the stock is -12.20% and -16.55% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.75 million and changing -0.59% at the moment leaves the stock -30.72% off its SMA200. QDEL registered -43.21% loss for a year compared to 6-month loss of -39.59%. The firm has a 50-day simple moving average (SMA 50) of $30.3276 and a 200-day simple moving average (SMA200) of $36.62255.
The stock witnessed a -10.70% gain in the last 1 month and extending the period to 3 months gives it a 0.52%, and is -12.34% 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 4.75% over the week and 4.67% over the month.
QuidelOrtho Corporation (QDEL) has around 6600 employees, a market worth around $1.71B and $2.77B in sales. Fwd P/E is 7.82. Profit margin for the company is -12.07%. Distance from 52-week low is 6.44% and -48.84% 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 29.81% this year.
QuidelOrtho Corporation (QDEL) Top Institutional Holders
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 66.55M 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
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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.
