There Is Clear Momentum For Qurate Retail Inc (NASDAQ: QRTEA)

Qurate Retail Inc (QRTEA) concluded trading on Thursday at a closing price of $0.48, with 7.35 million shares of worth about $3.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -38.02% during that period and on November 07, 2024 the price saw a loss of about -14.27%. Currently the company’s common shares owned by public are about 383.05M shares, out of which, 354.93M shares are available for trading.

Stock saw a price change of -10.16% in past 5 days and over the past one month there was a price change of -17.22%. Year-to-date (YTD), QRTEA shares are showing a performance of -45.16% which decreased to -27.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.48 but also hit the highest price of $1.80 during that period. The average intraday trading volume for Qurate Retail Inc shares is 2.48 million. The stock is currently trading -14.03% below its 20-day simple moving average (SMA20), while that difference is down -15.14% for SMA50 and it goes to -39.66% lower than SMA200.

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Qurate Retail Inc (NASDAQ: QRTEA) currently have 383.05M outstanding shares and institutions hold larger chunk of about 59.85% of that.

The stock has a current market capitalization of $209.62M and its 3Y-monthly beta is at 2.76. It has posted earnings per share of -$0.65 in the same period. It has Quick Ratio of 0.90 while making debt-to-equity ratio of 22.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QRTEA, volatility over the week remained 6.49% while standing at 5.74% over the month.

Stock’s fiscal year EPS is expected to rise by 234.14% while it is estimated to increase by 15.76% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 04, 2022 offering an Underperform rating for the stock and assigned a target price range of between $4 and $1.20 to it. Coverage by BofA Securities stated Qurate Retail Inc (QRTEA) stock as a Neutral in their note to investors on February 28, 2022, suggesting a price target of $6.30 for the stock. On April 09, 2021, BofA Securities Initiated their recommendations, while on December 15, 2020, Citigroup Downgrade their ratings for the stock with a price target of $11. Stock get a Neutral rating from BofA Securities on November 06, 2020.

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