Gains May Be On The Menu For Qurate Retail Inc (NASDAQ: QRTEA)

Currently, there are 374.39M common shares owned by the public and among those 348.85M shares have been available to trade.

Insiders at the company have transacted a total of 9 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 4 of these insider trades were purchases, accounting for 315,703 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 161,831 shares.

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The company’s stock has a 5-day price change of 16.67% and 81.72% over the past three months. QRTEA shares are trading 59.91% year to date (YTD), with the 12-month market performance down to -32.04% lower. It has a 12-month low price of $0.40 and touched a high of $2.16 over the same period. QRTEA has an average intraday trading volume of 3.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 42.81%, 52.64%, and 69.11% respectively.

Institutional ownership of Qurate Retail Inc (NASDAQ: QRTEA) shares accounts for 64.65% of the company’s 374.39M shares outstanding.

It has a market capitalization of $545.16M and a beta (3y monthly) value of 2.74. The stock’s trailing 12-month PE ratio is 7.15, while the earnings-per-share (ttm) stands at $0.20. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.98% over the week and 8.87% over the month.

Analysts forecast that Qurate Retail Inc (QRTEA) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 109.16%, and 8.87% over the next financial year.

Looking at the support for the QRTEA, a number of firms have released research notes about the stock. BofA Securities stated their Underperform rating for the stock in a research note on November 04, 2022, with the firm’s price target at $4-$1.20. BofA Securities coverage for the Qurate Retail Inc (QRTEA) stock in a research note released on February 28, 2022 offered a Neutral rating with a price target of $6.30. BofA Securities was of a view on April 09, 2021 that the stock is Buy, while Citigroup gave the stock Neutral rating on December 15, 2020, issuing a price target of $10- $11. BofA Securities on their part issued Neutral rating on November 06, 2020.

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