A share price of QuidelOrtho Corporation [QDEL] is currently trading at $44.68, up 2.83%. 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 5.75% over the last week, with a monthly amount glided 7.92%, and 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 September 05, 2024, when Craig Hallum upgraded its rating to a Buy and also boosted its price target to $57 from $40. Previously, UBS downgraded its rating to Sell on March 04, 2024, and dropped its price target to $42. On February 14, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $37 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $72 on December 11, 2023. Citigroup upgraded its rating to a Buy and raised its price target to $125 on December 12, 2022. RBC Capital Mkts started tracking with a Outperform rating for this stock on December 07, 2022, and assigned it a price target of $125. In a note dated October 14, 2022, UBS upgraded an Neutral rating on this stock but restated the target price of $86.
QuidelOrtho Corporation experienced fluctuations in its stock price throughout the past year between $29.74 and $77.86. Currently, Wall Street analysts expect the stock to reach $100.6 within the next 12 months. QuidelOrtho Corporation [NASDAQ: QDEL] shares were valued at $44.68 at the most recent close of the market. An investor can expect a potential return of 125.16% based on the average QDEL price forecast.
Analyzing the QDEL fundamentals
Trailing Twelve Months sales for QuidelOrtho Corporation [NASDAQ:QDEL] were 2.83B which represents -4.07% decline. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.7%, and Net Profit Margin reading is -0.66%. To continue investigating profitability, this company’s Return on Assets is posted at -0.28, Equity is -0.45 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.82.
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 43.29 points at the first support level, and at 41.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.07, and for the 2nd resistance point, it is at 47.46.
Ratios To Look Out For
To put it in perspective, the Current Ratio for QuidelOrtho Corporation [NASDAQ:QDEL] is 1.44. As well, the Quick Ratio is 0.79, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved Carlyle Group Inc., 10% Owner, that happened on Aug 09 ’24 when 74134.0 shares were sold. 10% Owner, Carlyle Group Inc. completed a deal on Aug 08 ’24 to sell 0.11 million shares. Meanwhile, 10% Owner Carlyle Group Inc. sold 78180.0 shares on Aug 07 ’24.
