In yesterday’s Wall Street session, Qurate Retail Inc (NASDAQ:QRTEA) shares traded at $0.65, down -2.26% from the previous session.
QRTEA stock price is now -20.72% away from the 50-day moving average and -22.35% away from the 200-day moving average. The market capitalization of the company currently stands at $257.68M.
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With the price target reduced from $4 to $1.20, BofA Securities Downgraded its rating from Neutral to Underperform for Qurate Retail Inc (NASDAQ: QRTEA). On February 28, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $11.50 to quote $6.30, while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Rawlinson David, President/CEO bought 90,600 shares of the company’s stock on May 22 ’24. The stock was bought for $65,223 at an average price of $0.72. Upon completion of the transaction, the President/CEO now directly owns 1,443,666 shares in the company, valued at $0.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 21 ’24, President/CEO Rawlinson David bought 9,400 shares of the business’s stock. A total of $6,655 was incurred on buying the stock at an average price of $0.71. This leaves the insider owning 1,353,066 shares of the company worth $0.88 million. A total of 10.60% of the company’s stock is owned by insiders.
During the past 12 months, Qurate Retail Inc has had a low of $0.40 and a high of $1.80. As of last week, the company has a debt-to-equity ratio of 28.94, a current ratio of 1.33, and a quick ratio of 0.89. The fifty day moving average price for QRTEA is $0.8118 and a two-hundred day moving average price translates $0.8359 for the stock.
The latest earnings results from Qurate Retail Inc (NASDAQ: QRTEA) was released for 2024-03-31. According to the Internet Retail Company, earnings per share came in at -0.05, beating analysts’ expectations of -0.08 by 0.03. This compares to $0.09 EPS in the same period last year. The net profit margin was -1.56% and return on equity was -39.86% for QRTEA. The company reported revenue of $2.34 billion for the quarter, compared to $2.64 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.42 percent. For the current quarter, analysts expect QRTEA to generate $2.46B in revenue.
