Qurate Retail Inc. [QRTEA] Stock Looks Poised to Climb Further

Qurate Retail Inc. [QRTEA] shares are up more than 72.16% this year and recently increased 0.01% or $0.09 to settle at $10.57. Analysts expect QRTEA to grow earnings at a 5.60% annual rate over the next 5 years. QRTEA has a short ratio of 3.86. This implies that the market is currently less bullish on the outlook for QRTEA.

On 20, November 2020, Qurate Retail Declares Special Cash Dividend of $1.50 per Common Share and Announces Commencement of Share Buyback Program. According to news published on Yahoo Finance, Qurate Retail Declares Quarterly Cash Dividend on 8.0% Series A Cumulative Redeemable Preferred Stock.

Analyst Birdseye View:

The most recent analyst activity for Qurate Retail Inc. [NASDAQ:QRTEA] stock was on April 21, 2020, when it was Downgrade with a Neutral rating from UBS, which also lowered its 12-month price target on the stock from $10 to $9. Before that, on November 06, 2020, BofA Securities Recapitulated a Neutral rating and elevated its amount target to $9. On March 20, 2019, Evercore ISI Initiated an In-line rating and boosted its price target on this stock to $20. On March 08, 2019, Citigroup Upgrade a Buy rating and increased its price target from $19 to $21. On March 01, 2019, BofA/Merrill Downgrade an Underperform rating. On January 04, 2019, KeyBanc Capital Mkts Downgrade a Sector weight rating. On November 19, 2018, Aegis Capital Reiterated a Buy rating and boosted its target amount on this stock from $30 to $31.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.95 and a peak of $11.07. Right now, according to Wall Street analyst the average 12-month amount target is $10.60. At the most recent market close, shares of Qurate Retail Inc. [NASDAQ:QRTEA] were valued at $10.57. According to the average price forecast, investors can expect a potential return of -20.0%.

FUNDAMENTAL ANALYSIS

Qurate Retail Inc. [NASDAQ:QRTEA] most recently reported quarterly sales of 3.38 billion, which represented growth of 9.50%. This publicly-traded organization’s revenue is $533,455 per employee, while its income is -$18,075 per employee. This company’s Gross Margin is currently 33.90%, its Operating Margin is 9.60%, its Pretax Margin is -4.62, and its Net Margin is -3.39. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -2.57, -8.72, 10.36 and -4.00 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 62.32 and the whole liability to whole assets at 46.26. It shows enduring liability to the whole principal at 49.56 and enduring liability to assets at 0.37 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 10.24 points at 1st support level, the second support level is making up to 10.01. But as of 1st resistance point, this stock is sitting at 10.80 and at 11.13 for 2nd resistance point.

Qurate Retail Inc. [QRTEA] reported its earnings at $0.57 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.42/share signifying the difference of 0.15 and 35.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.54 calling estimates for $0.49/share with the difference of 0.05 depicting the surprise of 10.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Qurate Retail Inc. [NASDAQ:QRTEA] is 1.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.17. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.27, it’s amount to book ratio is 0.72 and showing 6.47 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Wendling Brian J, CAO/PFO, and it was the purchase of 2000.0 shares on Nov 23. Wendling Brian J, the CAO/PFO, completed a purchase of 996.0 shares on Sep 15. On Aug 13, RAPLEY DAVID E, Director, completed a sale of 2048.0 shares.