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Qurate Retail Inc (NASDAQ: QRTEA)’s Stock Performance and Outlook

In the last trading session, 1.68 million Qurate Retail Inc (NASDAQ:QRTEA) shares changed hands as the company’s beta touched 2.62. With the company’s per share price at $0.84 changed hands at $0.02 or 2.29% during last session, the market valuation stood at $327.41M. QRTEA’s last price was a discount, traded about -200.0% off its 52-week high of $2.52. The share price had its 52-week low at $0.40, which suggests the last value was 52.38% up since then. When we look at Qurate Retail Inc’s average trading volume, we note the 10-day average is 1.77 million shares, with the 3-month average coming to 0.46.

Qurate Retail Inc (NASDAQ:QRTEA) trade information

Instantly QRTEA was in green as seen at the end of in last trading. With action -1.09%, the performance over the past five days has been red. The jump to weekly highs of 0.8600 added 2.29% to the stock’s daily price. The company’s shares are showing year-to-date downside of -3.96%, with the 5-day performance at -1.09% in the red. However, in the 30-day time frame, Qurate Retail Inc (NASDAQ:QRTEA) is -7.50% down. Looking at the short shares, we see there were 6.59 million shares sold at short interest cover period of 3.07 days.

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Qurate Retail Inc (QRTEA) estimates and forecasts

Data shows that the Qurate Retail Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -2.93% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 23.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Qurate Retail Inc will rise 360.00%. Year-over-year growth is forecast to reach -10.00% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $3.12 billion. 1 analysts are of the opinion that Qurate Retail Inc’s revenue for the quarter ending Mar 2024 will be $2.41 billion. The company’s revenue for the corresponding quarters a year ago was $3.53 billion and $2.64 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.40%. The estimates for the next quarter sales put growth at -8.70%.

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