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Qurate Retail Inc. (QRTEA) Estimation And Forecast

Qurate Retail Inc. (NASDAQ:QRTEA) has a beta value of 1.73 and has seen 15.12 million shares traded in the last trading session. The company, currently valued at $835.18M, closed the last trade at $2.25 per share which meant it gained $0.24 on the day or 11.94% during that session. The QRTEA stock price is -258.67% off its 52-week high price of $8.07 and 36.89% above the 52-week low of $1.42. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.95 million shares traded. The 3-month trading volume is 7.82 million shares.

The consensus among analysts is that Qurate Retail Inc. (QRTEA) is an Underweight stock at the moment, with a recommendation rating of 3.50. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 2 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.07.

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Qurate Retail Inc. (NASDAQ:QRTEA) trade information

Sporting 11.94% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the QRTEA stock price touched $2.25 or saw a rise of 1.75%. Year-to-date, Qurate Retail Inc. shares have moved 38.04%, while the 5-day performance has seen it change 15.98%. Over the past 30 days, the shares of Qurate Retail Inc. (NASDAQ:QRTEA) have changed 44.23%. Short interest in the company has seen 20.78 million shares shorted with days to cover at 3.91.

Wall Street analysts have a consensus price target for the stock at $1.55, which means that the shares’ value could drop -45.16% from current levels. The projected low price target is $1.20 while the price target rests at a high of $1.90. In that case, then, we find that the current price level is 15.56% off the targeted high while a plunge would see the stock lose 46.67% from current levels.

Qurate Retail Inc. (QRTEA) estimates and forecasts

Figures show that Qurate Retail Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -17.28% over the past 6 months, with this year growth rate of -80.92%, compared to -5.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are -76.70% and -32.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be -10.30%.

1 analysts offering their estimates for the company have set an average revenue estimate of $2.82 billion for the current quarter. 1 have an estimated revenue figure of $3.8 billion for the next quarter concluding in Dec 2022. Year-ago sales stood $3.14 billion and $4.06 billion respectively for this quarter and the next, and analysts expect sales will shrink by -10.20% for the current quarter and -6.50% for the next.

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 -3.60% over the past 5 years. Earnings growth for 2023 is a modest -71.40% while over the next 5 years, the company’s earnings are expected to decrease by -8.00%.

QRTEA Dividends

Qurate Retail Inc. is expected to release its next earnings report between February 23 and February 27 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 8.94% of the company shares, while shares held by institutions stand at 88.30% with a share float percentage of 96.97%. Investors are also buoyed by the number of investors in a company, with Qurate Retail Inc. having a total of 414 institutions that hold shares in the company. The top two institutional holders are Dodge & Cox Inc with over 49.7 million shares worth more than $142.64 million. As of Jun 29, 2022, Dodge & Cox Inc held 13.30% of shares outstanding.

The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 34.26 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $98.33 million and represent 9.17% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Dodge & Cox Stock Fund and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 8.90% shares in the company for having 33.25 million shares of worth $66.82 million while later fund manager owns 9.92 million shares of worth $28.48 million as of Jun 29, 2022, which makes it owner of about 2.66% of company’s outstanding stock.

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