In the latest trading session, 0.49 million Qurate Retail Inc (NASDAQ:QRTEA) shares changed hands as the company’s beta touched 2.76. With the company’s most recent per share price at $0.61 changing hands around $0.02 or 1.80% at last look, the market valuation stands at $240.37M. QRTEA’s current price is a discount, trading about -195.08% off its 52-week high of $1.80. The share price had its 52-week low at $0.40, which suggests the last value was 34.43% up since then. When we look at Qurate Retail Inc’s average trading volume, we note the 10-day average is 2.33 million shares, with the 3-month average coming to 4.17 million.
Qurate Retail Inc (NASDAQ:QRTEA) trade information
Instantly QRTEA is in green as seen in intraday trades today. With action -1.37%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -30.83%, with the 5-day performance at -1.37% in the red. However, in the 30-day time frame, Qurate Retail Inc (NASDAQ:QRTEA) is -20.35% down. Looking at the short shares, we see there were 5.89 million shares sold at short interest cover period of 2.09 days.
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Qurate Retail Inc (QRTEA) estimates and forecasts
Year-over-year growth is forecast to reach -5.00% 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 2.41B. 1 analysts are of the opinion that Qurate Retail Inc’s revenue for the current quarter will be 2.45B. The company’s revenue for the corresponding quarters a year ago was 2.71B and 2.48B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -11.10%. The estimates for the next quarter sales put growth at -1.30%.
The 2024 estimates are for Qurate Retail Inc earnings to increase by 254.63%, but the outlook for the next 5-year period is at -8.00% per year.
QRTEA Dividends
Qurate Retail Inc is expected to release its next quarterly earnings report in September.
Qurate Retail Inc (NASDAQ:QRTEA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.54% of Qurate Retail Inc shares while 61.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.33%. There are 61.58% institutions holding the Qurate Retail Inc stock share, with CONTRARIUS INVESTMENT MANAGEMENT LTD the top institutional holder. As of 2024-03-31, the company held 8.9925% of the shares, roughly 35.25 million QRTEA shares worth $43.36 million.
FPR PARTNERS LLC holds the second largest percentage of outstanding shares, with 7.6354% or 29.93 million shares worth $36.81 million as of 2024-03-31.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Large Company Index ETF. With 10.7 shares estimated at $6.57 million under it, the former controlled 2.76% of total outstanding shares. On the other hand, Schwab Strategic Tr-Schwab Fundamental U.S. Large Company Index ETF held about 2.29% of the shares, roughly 8.9 shares worth around $5.46 million.
