Within its last year performance, QRTEA fell by -14.02%, with highs and lows ranging from $1.99 to $0.40, whereas the simple moving average jumped by 69.21% in the last 200 days.
On November 04, 2022, BofA Securities Downgraded Qurate Retail Inc (NASDAQ: QRTEA) to Underperform. A report published by BofA Securities on February 28, 2022, Downgraded its rating to ‘Neutral’ for QRTEA. BofA Securities also rated QRTEA shares as ‘Buy’, setting a target price of $16 on the company’s shares in an initiating report dated April 09, 2021. Citigroup December 15, 2020d the rating to Neutral on December 15, 2020, and set its price target from $10 to $11. BofA Securities November 06, 2020d its ‘Underperform’ rating to ‘Neutral’ for QRTEA, as published in its report on November 06, 2020. UBS’s report from April 21, 2020 suggests a price prediction of $9 for QRTEA shares, giving the stock a ‘Neutral’ rating. Evercore ISI also rated the stock as ‘In-line’.
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Analysis of Qurate Retail Inc (QRTEA)
Further, the quarter-over-quarter decrease in sales is -10.86%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Qurate Retail Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -36.39% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.01, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and QRTEA is recording an average volume of 3.44M. On a monthly basis, the volatility of the stock is set at 10.53%, whereas on a weekly basis, it is put at 14.49%, with a gain of 5.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.95, showing decline from the present price of $1.41, which can serve as yet another indication of whether QRTEA is worth investing in or should be passed over.
How Do You Analyze Qurate Retail Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.41%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 64.26% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QRTEA shares are owned by institutional investors to the tune of 64.26% at present.
