The stock of Qurate Retail Inc (NASDAQ:QRTEA) last traded at $0.36, down -1.23% from the previous session.
QRTEA stock price is now -33.89% away from the 50-day moving average and -53.58% away from the 200-day moving average. The market capitalization of the company currently stands at $167.57M.
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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, Wilm Renee L, Chief Legal/Admin Officer sold 75,789 shares of the company’s stock on Sep 12 ’24. The stock was sold for $73,808 at an average price of $0.97. Upon completion of the transaction, the Chief Legal/Admin Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, President/CEO Rawlinson David bought 90,600 shares of the business’s stock. A total of $65,223 was incurred on buying the stock at an average price of $0.72. This leaves the insider owning 1,443,666 shares of the company worth $0.52 million. A total of 10.58% of the company’s stock is owned by insiders.
During the past 12 months, Qurate Retail Inc has had a low of $0.36 and a high of $1.80. As of last week, the company has a debt-to-equity ratio of 17.49, a current ratio of 1.22, and a quick ratio of 0.73. The fifty day moving average price for QRTEA is $0.5452 and a two-hundred day moving average price translates $0.7768 for the stock.
The latest earnings results from Qurate Retail Inc (NASDAQ: QRTEA) was released for 2024-09-30. The net profit margin was -2.71% and return on equity was -56.13% for QRTEA. The company reported revenue of $2.34 billion for the quarter, compared to $2.48 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.45 percent.
