Qurate Retail Inc (NASDAQ: QRTEA) Stock Forecast For 2024: Increases Growth Prospects To $9 Per Share

In the latest trading session, 0.56 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 $0.33 changing hands around $0.02 or 3.51% at last look, the market valuation stands at $144.66M. QRTEA’s current price is a discount, trading about -445.45% off its 52-week high of $1.80. The share price had its 52-week low at $0.31, which suggests the last value was 6.06% up since then. When we look at Qurate Retail Inc’s average trading volume, we note the 10-day average is 3.03 million shares, with the 3-month average coming to 2.63 million.

Qurate Retail Inc (NASDAQ:QRTEA) trade information

Instantly QRTEA is in green as seen in intraday trades today. With action -7.43%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -62.80%, with the 5-day performance at -7.43% in the red. However, in the 30-day time frame, Qurate Retail Inc (NASDAQ:QRTEA) is -11.51% down. Looking at the short shares, we see there were 3.9 million shares sold at short interest cover period of 1.3 days.

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

If we look at who the major shareholders are, we find that insiders hold 8.56% of Qurate Retail Inc shares while 60.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 66.00%. There are 60.36% institutions holding the Qurate Retail Inc stock share, with CONTRARIUS INVESTMENT MANAGEMENT LTD the top institutional holder. As of 2024-06-30, the company held 8.9925% of the shares, roughly 35.25 million QRTEA shares worth $22.21 million.

FPR PARTNERS LLC holds the second largest percentage of outstanding shares, with 7.6354% or 29.93 million shares worth $18.86 million as of 2024-06-30.