In the last trading session, 1.59 million QuidelOrtho Corporation (NASDAQ:QDEL) shares changed hands as the company’s beta touched 0.14. With the company’s per share price at $28.96 changed hands at $0.87 or 3.10% during last session, the market valuation stood at $1.95B. QDEL’s last price was a discount, traded about -70.75% off its 52-week high of $49.45. The share price had its 52-week low at $23.77, which suggests the last value was 17.92% up since then. When we look at QuidelOrtho Corporation’s average trading volume, we note the 10-day average is 1.46 million shares, with the 3-month average coming to 1.07 million.
Analysts gave the QuidelOrtho Corporation (QDEL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended QDEL as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. QuidelOrtho Corporation’s EPS for the current quarter is expected to be 0.6.
QuidelOrtho Corporation (NASDAQ:QDEL) trade information
Instantly QDEL was in green as seen at the end of in last trading. With action 17.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -34.99%, with the 5-day performance at 17.92% in the green. However, in the 30-day time frame, QuidelOrtho Corporation (NASDAQ:QDEL) is -19.26% down. Looking at the short shares, we see there were 3.8 million shares sold at short interest cover period of 2.88 days.
The consensus price target for the stock as assigned by Wall Street analysts is 110, meaning bulls need an upside of 73.67% from its current market value. According to analyst projections, QDEL’s forecast low is 50 with 125 as the target high. To hit the forecast high, the stock’s price needs a -331.63% plunge from its current level, while the stock would need to soar -72.65% for it to hit the projected low.
QuidelOrtho Corporation (QDEL) estimates and forecasts
Year-over-year growth is forecast to reach -2.73% down from the last financial year.
Consensus estimates given by 8 financial analysts project the company’s revenue in the current quarter to hit an average of 694.1M. 8 analysts are of the opinion that QuidelOrtho Corporation’s revenue for the current quarter will be 622.32M. The company’s revenue for the corresponding quarters a year ago was 711M and 637M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.38%. The estimates for the next quarter sales put growth at -2.31%.
The 2025 estimates are for QuidelOrtho Corporation earnings to increase by 27.37%, but the outlook for the next 5-year period is at 32.82% per year.
QDEL Dividends
QuidelOrtho Corporation is expected to release its next quarterly earnings report on 2025-Feb-11.
QuidelOrtho Corporation (NASDAQ:QDEL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.78% of QuidelOrtho Corporation shares while 109.82% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 110.68%. There are 109.82% institutions holding the QuidelOrtho Corporation stock share, with CARLYLE GROUP INC. the top institutional holder. As of 2024-06-30, the company held 17.1695% of the shares, roughly 11.52 million QDEL shares worth $382.72 million.
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds the second largest percentage of outstanding shares, with 14.1502% or 9.49 million shares worth $315.42 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were iShares Trust-iShares Core S&P Small-Cap ETF and T. Rowe Price Mid-Cap Growth Fund, Inc. . With 4.08 shares estimated at $118.03 million under it, the former controlled 6.04% of total outstanding shares. On the other hand, T. Rowe Price Mid-Cap Growth Fund, Inc. held about 4.84% of the shares, roughly 3.27 shares worth around $94.56 million.
