During the last session, Qurate Retail Inc (NASDAQ:QRTEA)’s traded shares were 1.59 million, with the beta value of the company hitting 2.75. The 52-week high for the QRTEA share is $1.80, that puts it down -239.62 from that peak though still a striking 24.53% gain since the share price plummeted to a 52-week low of $0.40. The company’s market capitalization is $237.55M, and the average intraday trading volume over the past 10 days was 1.53 million shares, and the average trade volume was 2.52 million shares over the past three months.
Qurate Retail Inc (NASDAQ:QRTEA) trade information
Qurate Retail Inc (QRTEA) registered a -0.80% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.80% in intraday trading to $0.53, hitting a weekly high. The stock’s 5-day price performance is -6.31%, and it has moved by -11.65% in 30 days. Based on these gigs, the overall price performance for the year is 18.17%. The short interest in Qurate Retail Inc (NASDAQ:QRTEA) is 3.24 million shares and it means that shorts have 0.99 day(s) to cover.
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Qurate Retail Inc (QRTEA) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 400.00% this quarter and then jump 210.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -6.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.42B as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 3.05B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.48B and 3.14B respectively. In this case, analysts expect current quarter sales to shrink by -2.50% and then drop by -2.90% in the coming quarter.
While earnings are projected to return 234.14% in 2024, the next five years will return -11.60% per annum.
QRTEA Dividends
Qurate Retail Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Qurate Retail Inc (NASDAQ:QRTEA)’s Major holders
Qurate Retail Inc insiders own 8.54% of total outstanding shares while institutional holders control 61.83%, with the float percentage being 67.60%. CONTRARIUS INVESTMENT MANAGEMENT LTD is the largest shareholder of the company, while 240.0 institutions own stock in it. As of 2024-06-30, the company held over 35.25 million shares (or 8.9925% of all shares), a total value of $22.21 million in shares.
The next largest institutional holding, with 29.93 million shares, is of FPR PARTNERS LLC’s that is approximately 7.6354% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $18.86 million.
