QuidelOrtho Corporation [QDEL] stock prices are up 7.46% to $34.15 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QDEL shares have gain 13.80% over the last week, with a monthly amount drifted -8.49%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
QuidelOrtho Corporation [NASDAQ: QDEL] stock has seen the most recent analyst activity on March 04, 2024, when UBS downgraded its rating to a Sell and also revised its price target to $42 from $70. Previously, JP Morgan downgraded its rating to Underweight on February 14, 2024, and dropped its price target to $37. On December 11, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $72 on the stock. Citigroup upgraded its rating to a Buy and increased its price target to $125 on December 12, 2022. RBC Capital Mkts initiated its recommendation with a Outperform and recommended $125 as its price target on December 07, 2022. UBS upgraded its rating to Neutral for this stock on October 14, 2022, but kept the price target unchanged to $86. In a note dated September 19, 2022, Citigroup initiated an Neutral rating and provided a target price of $90 on this stock.
The stock price of QuidelOrtho Corporation [QDEL] has been fluctuating between $29.74 and $89.11 over the past year. Currently, Wall Street analysts expect the stock to reach $111.5 within the next 12 months. QuidelOrtho Corporation [NASDAQ: QDEL] shares were valued at $34.15 at the most recent close of the market. An investor can expect a potential return of 226.5% based on the average QDEL price forecast.
Analyzing the QDEL fundamentals
The QuidelOrtho Corporation [NASDAQ:QDEL] reported sales of 2.86B for trailing twelve months, representing a drop of -16.03%. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.66%, and Net Profit Margin reading is -0.62%. To continue investigating profitability, this company’s Return on Assets is posted at -0.26, Equity is -0.39 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.73.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.27 points at the first support level, and at 30.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 35.10, and for the 2nd resistance point, it is at 36.06.
Ratios To Look Out For
It’s worth pointing out that QuidelOrtho Corporation [NASDAQ:QDEL]’s Current Ratio is 1.55. As well, the Quick Ratio is 0.81, while the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.80, the price to book ratio is 0.69.
Transactions by insiders
Recent insider trading involved Carlyle Group Inc., 10% Owner, that happened on Jul 15 ’24 when 93187.0 shares were sold. 10% Owner, Carlyle Group Inc. completed a deal on Jul 12 ’24 to sell 57253.0 shares. Meanwhile, 10% Owner Carlyle Group Inc. sold 96578.0 shares on Jul 11 ’24.
