Quidel Corporation (NASDAQ:QDEL) has a beta value of 0.94 and has seen 694,039 shares traded in the last trading session. The company, currently valued at $10.71 Billion, closed the last trade at $255.25 per share which meant it lost -$10.84 on the day or -4.07% during that session. The QDEL stock price is -20.16% off its 52-week high price of $306.72 and 78.29% above the 52-week low of $55.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 882.71 Million shares traded. The 3-month trading volume is 1.24 Million shares.
The consensus among analysts is that Quidel Corporation (QDEL) is an Overweight stock at the moment, with a recommendation rating of 2.5. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 2 out of 6 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $4.75.
Quidel Corporation (NASDAQ:QDEL) trade information
Despite being -4.07% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Oct 12 when the QDEL stock price touched $287.3 or saw a rise of 11.16%. Year-to-date, Quidel Corporation shares have moved 240.2%, while the 5-day performance has seen it change -8.2%. Over the past 30 days, the shares of Quidel Corporation (NASDAQ:QDEL) have changed 54.96%. Short interest in the company has seen 2.81 Million shares shorted with days to cover at 2.27.
Wall Street analysts have a consensus price target for the stock at $279, which means that the shares’ value could jump 9.3% from current levels. The projected low price target is $185 while the price target rests at a high of $371. In that case, then, we find that the current price level is +45.35% off the targeted high while a plunge would see the stock lose -27.52% from current levels.
Quidel Corporation (QDEL) estimates and forecasts
Figures show that Quidel Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained +133.87% over the past 6 months, with this year growth rate of 396.63%, compared to 8.1% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 578.6% and 688% for the next quarter. Revenue growth from the last financial year stood is estimated to be +184%.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +59.9% over the past 5 years. Earnings growth for 2020 is a modest -0.5% while over the next 5 years, the company’s earnings are expected to increase by 7.2%.