In today’s recent session, 1.75 million shares of the Qurate Retail Inc. (NASDAQ:QRTEA) have been traded, and its beta is 1.72. Most recently the company’s share price was $8.02, and it changed around -$0.2 or -2.43% from the last close, which brings the market valuation of the company to $3.35B. QRTEA at last check was trading at a discount to its 52-week high of $12.78, offering almost -59.35% off that amount. The share price’s 52-week low was $6.91, which indicates that the recent value has risen by an impressive 13.84% since then. We note from Qurate Retail Inc.’s average daily trading volume that its 10-day average is 6.41 million shares, with the 3-month average coming to 5.15 million.
Qurate Retail Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended QRTEA as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Qurate Retail Inc. is expected to report earnings per share of $0.49 for the current quarter.
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Instantly QRTEA has been showing red trend so far today with a performance of -2.43% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.90 on Monday, 11/22/21 increased the stock’s daily price by 9.89%. The company’s shares are currently down -14.30% year-to-date, but still down -7.33% over the last five days. On the other hand, Qurate Retail Inc. (NASDAQ:QRTEA) is -9.26% down in the 30-day period. We can see from the shorts that 21.89 million shares have been sold at a short interest cover period of 5.8 day(s).
The consensus price target as assigned by Wall Street analysts is $11.75, which translates to bulls needing to increase their stock price by 31.74% from its current value. Analyst projections state that QRTEA is forecast to be at a low of $10.00 and a high of $14.25. In order for the stock price to hit the forecast high, the stock would need to plunge -77.68% from its current level, while the stock would need to crash -24.69% from its current level to reach the projected low.
Qurate Retail Inc. (QRTEA) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -14.00% in revenue this quarter, and will report a decrease of -52.80% in the next quarter. The year-over-year growth rate is expected to be 3.60%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $3.37 billion in revenue for the current quarter. 3 analysts expect Qurate Retail Inc. to make $4.47 billion in revenue for the quarter ending Dec 2021. The company’s sales for the same quarters a year ago were $3.38 billion and $4.45 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.30%. Forecasts for the next quarter put sales growth at 0.40%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.60%. Qurate Retail Inc. earnings are expected to increase by 509.70% in 2021, but the outlook is negative -8.00% per year for the next five years.
Qurate Retail Inc.’s next quarterly earnings report is expected to be released around November 02 and November 08.
Qurate Retail Inc. (NASDAQ:QRTEA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.42% of Qurate Retail Inc. shares, and 89.55% of them are in the hands of institutional investors. The stock currently has a share float of 97.79%. Qurate Retail Inc. stock is held by 509 institutions, with Dodge & Cox Inc being the largest institutional investor. By Jun 29, 2021, it held 13.05% of the shares, which is about 52.1 million shares worth $681.92 million.
Vanguard Group, Inc. (The), with 8.76% or 34.97 million shares worth $457.82 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 33.19 million shares worth $434.46 million, making up 8.32% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 10.19 million shares worth around $133.42 million, which represents about 2.55% of the total shares outstanding.