In today’s recent session, 1.45 million shares of the Qurate Retail Inc (NASDAQ:QRTEA) have been traded, and its beta is 2.78. Most recently the company’s share price was $0.78, and it changed around -$0.01 or -1.25% from the last close, which brings the market valuation of the company to $309.75M. QRTEA at last check was trading at a discount to its 52-week high of $1.80, offering almost -130.77% off that amount. The share price’s 52-week low was $0.40, which indicates that the recent value has risen by an impressive 48.72% since then. We note from Qurate Retail Inc’s average daily trading volume that its 3-month average coming to 4.54 million.
Qurate Retail Inc (NASDAQ:QRTEA) trade information
Instantly QRTEA has been showing red trend so far today with a performance of -1.25% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -10.85% year-to-date, but still down -13.98% over the last five days. On the other hand, Qurate Retail Inc (NASDAQ:QRTEA) is -22.72% down in the 30-day period.
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Qurate Retail Inc (QRTEA) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 320.00% in revenue this quarter, and will report an increase of 500.00% in the next quarter. The year-over-year growth rate is expected to be -4.30%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $2.49 billion in revenue for the current quarter. 1 analysts expect Qurate Retail Inc to make $2.46 billion in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $2.71 billion and $2.48 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.10%. Forecasts for the next quarter put sales growth at -0.90%.
Qurate Retail Inc earnings are expected to increase by 279.00% in 2024, but the outlook is negative -8.00% per year for the next five years.
