While QuidelOrtho Corporation has underperformed by -2.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QDEL fell by -44.80%, with highs and lows ranging from $74.04 to $29.74, whereas the simple moving average fell by -1.64% in the last 200 days.
On December 11, 2024, Citigroup Upgraded QuidelOrtho Corporation (NASDAQ: QDEL) to Buy. A report published by Jefferies on December 10, 2024, Initiated its previous ‘Hold’ rating for QDEL. UBS also rated QDEL shares as ‘Neutral’, setting a target price of $50 on the company’s shares in an initiating report dated September 19, 2024. Craig Hallum September 05, 2024d the rating to Buy on September 05, 2024, and set its price target from $40 to $57. UBS March 04, 2024d its ‘Neutral’ rating to ‘Sell’ for QDEL, as published in its report on March 04, 2024. JP Morgan’s report from February 14, 2024 suggests a price prediction of $37 for QDEL shares, giving the stock a ‘Underweight’ rating. Citigroup also rated the stock as ‘Neutral’.
Analysis of QuidelOrtho Corporation (QDEL)
Further, the quarter-over-quarter decrease in sales is -2.03%, showing a negative trend in the upcoming months.
One of the most important indicators of QuidelOrtho Corporation’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 -45.79% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.81, 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 QDEL is recording 930.42K average volume. On a monthly basis, the volatility of the stock is set at 4.77%, whereas on a weekly basis, it is put at 6.52%, with a loss of -14.15% over the past seven days. Furthermore, long-term investors anticipate a median target price of $51.50, showing growth from the present price of $40.27, which can serve as yet another indication of whether QDEL is worth investing in or should be passed over.
How Do You Analyze QuidelOrtho Corporation 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 1.42%. 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 96.48% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QDEL shares are owned by institutional investors to the tune of 96.48% at present.
