While Qurate Retail Inc has overperformed by 8.64%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QRTEA fell by -43.67%, with highs and lows ranging from $1.80 to $0.35, whereas the simple moving average fell by -43.65% 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 -5.45%, showing a negative trend in the upcoming months.
One of the most important indicators of Qurate Retail Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -56.13% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.73, 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.
For any stock, average volume can also provide valuable insight into volatility, and QRTEA is recording 2.83M average volume. On a monthly basis, the volatility of the stock is set at 8.02%, whereas on a weekly basis, it is put at 10.90%, with a gain of 7.27% over the past seven days. Furthermore, long-term investors anticipate a median target price of $0.64, showing growth from the present price of $0.43, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 10.58%. 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 57.50% 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 57.50% at present.
