Qurate Retail Inc (NASDAQ: QRTEA) Stock Forecast 2024: Profitable With Bullish Signals

In today’s recent session, 0.74 million shares of the Qurate Retail Inc (NASDAQ:QRTEA) have been traded, and its beta is 2.74. Most recently the company’s share price was $0.33, and it changed around -$0.01 or -1.72% from the last close, which brings the market valuation of the company to $145.87M. QRTEA at last check was trading at a discount to its 52-week high of $1.80, offering almost -445.45% off that amount. The share price’s 52-week low was $0.31, which indicates that the recent value has risen by an impressive 6.06% since then. We note from Qurate Retail Inc’s average daily trading volume that its 10-day average is 2.78 million shares, with the 3-month average coming to 2.63 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 for the current quarter.

Qurate Retail Inc (NASDAQ:QRTEA) trade information

Instantly QRTEA has been showing red trend so far today with a performance of -1.72% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.3737 on recent trading dayincreased the stock’s daily price by 11.69%. The company’s shares are currently down -62.09% year-to-date, but still up 5.50% over the last five days. On the other hand, Qurate Retail Inc (NASDAQ:QRTEA) is -20.56% down in the 30-day period. We can see from the shorts that 5.05 million shares have been sold at a short interest cover period of 1.83 day(s).

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

Upon looking at major shareholders, it appears that insiders hold 8.56% of Qurate Retail Inc shares, and 60.35% of them are in the hands of institutional investors. The stock currently has a share float of 66.00%. 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.