In last trading session, Qurate Retail Inc (NASDAQ:QRTEA) saw 2.31 million shares changing hands with its beta currently measuring 2.78. Company’s recent per share price level of $1.18 trading at $0.07 or 6.31% at ring of the bell on the day assigns it a market valuation of $462.26M. That closing price of QRTEA’s stock is at a discount of -52.54% from its 52-week high price of $1.80 and is indicating a premium of 66.1% from its 52-week low price of $0.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.12 million shares which gives us an average trading volume of 2.88 million if we extend that period to 3-months.
Qurate Retail Inc (NASDAQ:QRTEA) trade information
Upright in the green during last session for gaining 6.31%, in the last five days QRTEA remained trading in the red while hitting it’s week-highest on Friday, 03/15/24 when the stock touched $1.18 price level, adding 8.53% to its value on the day. Qurate Retail Inc’s shares saw a change of 34.78% in year-to-date performance and have moved -7.09% in past 5-day. Qurate Retail Inc (NASDAQ:QRTEA) showed a performance of -1.67% in past 30-days. Number of shares sold short was 6.19 million shares which calculate 1.8 days to cover the short interests.
Qurate Retail Inc (QRTEA) estimates and forecasts
This year revenue growth is estimated to fall -9.80% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.14 billion for the same. And 1 analysts are in estimates of company making revenue of $2.4 billion in the next quarter that will end on Mar 2024. Company posted $3.53 billion and $2.64 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -10.90% while estimating it to be -9.30% for the next quarter.
In 2024, company’s earnings growth rate is likely to be around 279.00% while estimates for its earnings growth in next 5 years are of -11.60%.
QRTEA Dividends
Qurate Retail Inc is more likely to be releasing its next quarterly report between May 03 and May 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Qurate Retail Inc (NASDAQ:QRTEA)’s Major holders
Insiders are in possession of 8.56% of company’s total shares while institution are holding 65.93 percent of that, with stock having share float percentage of 72.10%. Investors also watch the number of corporate investors in a company very closely, which is 65.93% institutions for Qurate Retail Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at QRTEA for having 35.48 million shares of worth $35.12 million. And as of Jun 29, 2023, it was holding 9.33% of the company’s outstanding shares.
The second largest institutional holder is Contrarius Investment Management Limited, which was holding about 35.41 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 9.32% of outstanding shares, having a total worth of $35.05 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Strategic Equity Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 10.11 million shares of worth $10.01 million or 2.66% of the total outstanding shares. The later fund manager was in possession of 5.97 million shares on Jun 29, 2023, making its stake of worth around $5.91 million in the company or a holder of 1.57% of company’s stock.
