Qurate Retail Inc (QRTEA) Investors Will See A Big Return Again

Qurate Retail Inc (NASDAQ:QRTEA) has a beta value of 2.76 and has seen 1.38 million shares traded in the last trading session. The QRTEA stock price is -227.27% off its 52-week high price of $1.80 and 27.27% above the 52-week low of $0.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.57 million shares traded. The 3-month trading volume is 2.50 million shares.

Qurate Retail Inc (NASDAQ:QRTEA) trade information

Sporting 1.02% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the QRTEA stock price touched $0.55 or saw a rise of 2.31%. Year-to-date, Qurate Retail Inc shares have moved -36.64%, while the 5-day performance has seen it change 2.91%. Over the past 30 days, the shares of Qurate Retail Inc (NASDAQ:QRTEA) have changed -18.58%. Short interest in the company has seen 3.24 million shares shorted with days to cover at 0.99.

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Qurate Retail Inc (QRTEA) estimates and forecasts

The company’s shares have lost -41.92% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -6.40%.

1 analysts offering their estimates for the company have set an average revenue estimate of 2.42B for the current quarter. 1 have an estimated revenue figure of 3.05B for the next ending quarter. Year-ago sales stood 2.48B and 3.14B respectively for this quarter and the next, and analysts expect sales will shrink by -2.50% for the current quarter and -6.40% for the next.

Earnings growth for 2024 is a modest 234.14% while over the next 5 years, the company’s earnings are expected to decrease by -11.60%.

QRTEA Dividends

Qurate Retail Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Qurate Retail Inc (NASDAQ:QRTEA)’s Major holders

Insiders own 8.54% of the company shares, while shares held by institutions stand at 61.82% with a share float percentage of 67.60%. Investors are also buoyed by the number of investors in a company, with Qurate Retail Inc having a total of 239.0 institutions that hold shares in the company. The top two institutional holders are CONTRARIUS INVESTMENT MANAGEMENT LTD with over 35.25 million shares worth more than $22.21 million. As of 2024-06-30, CONTRARIUS INVESTMENT MANAGEMENT LTD held 8.9925% of shares outstanding.

The other major institutional holder is FPR PARTNERS LLC, with the holding of over 29.93 million shares as of 2024-06-30. The firm’s total holdings are worth over $18.86 million and represent 7.6354% of shares outstanding.