In the last trading session, 7.53 million shares of the Qurate Retail Inc (NASDAQ:QRTEA) were traded, and its beta was 2.73. Most recently the company’s share price was $0.37, and it changed around -$0.03 or -9.79% from the last close, which brings the market valuation of the company to $167.64M. QRTEA currently trades at a discount to its 52-week high of $1.80, offering almost -386.49% off that amount. The share price’s 52-week low was $0.40, which indicates that the current value has fallen by an impressive -8.11% since then. We note from Qurate Retail Inc’s average daily trading volume that its 10-day average is 3.21 million shares, with the 3-month average coming to 2.61 million.
Qurate Retail Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended QRTEA as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Qurate Retail Inc is expected to report earnings per share of 0.31 for the current quarter.
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Qurate Retail Inc (NASDAQ:QRTEA) trade information
Instantly QRTEA has showed a red trend with a performance of -9.79% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.4683 on recent trading dayincreased the stock’s daily price by 20.99%. The company’s shares are currently down -58.31% year-to-date, but still down -20.39% over the last five days. On the other hand, Qurate Retail Inc (NASDAQ:QRTEA) is -34.94% down in the 30-day period. We can see from the shorts that 3.76 million shares have been sold at a short interest cover period of 1.68 day(s).
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 40.45% in revenue this quarter, and will report an increase of 42.33% in the next quarter. The year-over-year growth rate is expected to be -6.38%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 3.05B in revenue for the current quarter. 1 analysts expect Qurate Retail Inc to make 2.3B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 3.14B and 2.34B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -2.91%. Forecasts for the next quarter put sales growth at -1.69%.
Qurate Retail Inc earnings are expected to increase by 234.14% in 2024, but the outlook is negative -11.60% per year for the next five years.
QRTEA Dividends
Qurate Retail Inc’s next quarterly earnings report is expected to be released in December.
Qurate Retail Inc (NASDAQ:QRTEA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.54% of Qurate Retail Inc shares, and 60.24% of them are in the hands of institutional investors. The stock currently has a share float of 65.86%. Qurate Retail Inc stock is held by 230.0 institutions, with CONTRARIUS INVESTMENT MANAGEMENT LTD being the largest institutional investor. By 2024-06-30, it held 8.9925% of the shares, which is about 35.25 million shares worth $22.21 million.
FPR PARTNERS LLC, with 7.6354% or 29.93 million shares worth $18.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
