If You’re An Adventuresome Investor, Then Take A Chance On Qurate Retail Inc. (NASDAQ: QRTEA) – Marketing Sentinel
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If You’re An Adventuresome Investor, Then Take A Chance On Qurate Retail Inc. (NASDAQ: QRTEA)

In today’s recent session, 0.88 million shares of the Qurate Retail Inc. (NASDAQ:QRTEA) have been traded, and its beta is 1.63. Most recently the company’s share price was $3.42, and it changed around $0.1 or 3.16% from the last close, which brings the market valuation of the company to $1.21B. QRTEA at last check was trading at a discount to its 52-week high of $11.75, offering almost -243.57% off that amount. The share price’s 52-week low was $2.90, which indicates that the recent value has risen by an impressive 15.2% since then. We note from Qurate Retail Inc.’s average daily trading volume that its 3-month average coming to 6.43 million.

Qurate Retail Inc. stock received a consensus recommendation rating of a Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended QRTEA as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Qurate Retail Inc. is expected to report earnings per share of $0.3 for the current quarter.

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Qurate Retail Inc. (NASDAQ:QRTEA) trade information

Instantly QRTEA has been showing a green trend so far today with a performance of 3.16% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.58 on Tuesday, 06/21/22 increased the stock’s daily price by 4.47%. The company’s shares are currently down -56.32% year-to-date, but still up 3.11% over the last five days. On the other hand, Qurate Retail Inc. (NASDAQ:QRTEA) is -7.52% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $4.07, which translates to bulls needing to increase their stock price by 15.97% from its current value. Analyst projections state that QRTEA is forecast to be at a low of $4.00 and a high of $4.20. In order for the stock price to hit the forecast high, the stock would need to plunge -22.81% from its current level, while the stock would need to crash -16.96% from its current level to reach the projected low.

Qurate Retail Inc. (QRTEA) estimates and forecasts

Qurate Retail Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -56.71 percent over the past six months and at a -45.09% annual growth rate that is well below the industry average of -5.80%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -44.40% in revenue this quarter, and will report a decrease of -10.00% in the next quarter. The year-over-year growth rate is expected to be -6.70%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $3.12 billion in revenue for the current quarter. 2 analysts expect Qurate Retail Inc. to make $3.04 billion in revenue for the quarter ending Sep 2022. Forecasts for the next quarter put sales growth at -3.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -1.80%. Qurate Retail Inc. earnings are expected to increase by -74.60% in 2022, but the outlook is negative -8.00% per year for the next five years.

QRTEA Dividends

Qurate Retail Inc.’s next quarterly earnings report is expected to be released around February 24 and February 28.

Qurate Retail Inc. (NASDAQ:QRTEA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.95% of Qurate Retail Inc. shares, and 87.63% of them are in the hands of institutional investors. The stock currently has a share float of 96.24%. Qurate Retail Inc. stock is held by 469 institutions, with Dodge & Cox Inc being the largest institutional investor. By Dec 30, 2021, it held 13.77% of the shares, which is about 51.46 million shares worth $391.06 million.

Vanguard Group, Inc. (The), with 9.07% or 33.88 million shares worth $257.51 million as of Dec 30, 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 Dec 30, 2021. The former held 33.19 million shares worth $252.25 million, making up 8.88% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 9.94 million shares worth around $75.51 million, which represents about 2.66% of the total shares outstanding.

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