QuidelOrtho Corporation (QDEL) concluded trading on Wednesday at a closing price of $37.48, with 3.98 million shares of worth about $149.13 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.02% during that period and on November 20, 2024 the price saw a loss of about -2.85%. Currently the company’s common shares owned by public are about 66.70M shares, out of which, 58.02M shares are available for trading.
Stock saw a price change of -6.35% in past 5 days and over the past one month there was a price change of -5.47%. Year-to-date (YTD), QDEL shares are showing a performance of -49.15% which decreased to -45.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.74 but also hit the highest price of $75.86 during that period. The average intraday trading volume for QuidelOrtho Corporation shares is 681.60K. The stock is currently trading -4.46% below its 20-day simple moving average (SMA20), while that difference is down -9.96% for SMA50 and it goes to -11.12% lower than SMA200.
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QuidelOrtho Corporation (NASDAQ: QDEL) currently have 66.70M outstanding shares and institutions hold larger chunk of about 95.79% of that.
The stock has a current market capitalization of $2.52B and its 3Y-monthly beta is at 0.09. It has posted earnings per share of -$27.89 in the same period. It has Quick Ratio of 0.81 while making debt-to-equity ratio of 0.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QDEL, volatility over the week remained 5.67% while standing at 4.32% over the month.
Stock’s fiscal year EPS is expected to drop by -56.17% while it is estimated to increase by 36.17% 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 UBS on September 19, 2024 offering a Neutral rating for the stock and assigned a target price range of between $42 and $50 to it. Coverage by Craig Hallum stated QuidelOrtho Corporation (QDEL) stock as a Buy in their note to investors on September 05, 2024, suggesting a price target of $57 for the stock. On March 04, 2024, UBS Downgrade their recommendations, while on February 14, 2024, JP Morgan Downgrade their ratings for the stock with a price target of $37. Stock get a Neutral rating from Citigroup on December 11, 2023.
