A share price of QuidelOrtho Corporation [QDEL] is currently trading at $38.96, down -2.65%. 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 0.28% over the last week, with a monthly amount drifted -2.55%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Craig Hallum upgraded its rating to Buy on September 05, 2024, and elevated its price target to $57. On March 04, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $42 on the stock. JP Morgan downgraded its rating to a Underweight and decreased its price target to $37 on February 14, 2024. Citigroup downgraded its rating to a Neutral and reduced its price target to $72 on December 11, 2023. Citigroup upgraded its rating to Buy for this stock on December 12, 2022, and upped its price target to $125. In a note dated December 07, 2022, RBC Capital Mkts initiated an Outperform rating and provided a target price of $125 on this stock.
QuidelOrtho Corporation experienced fluctuations in its stock price throughout the past year between $29.74 and $75.86. Currently, Wall Street analysts expect the stock to reach $93.4 within the next 12 months. QuidelOrtho Corporation [NASDAQ: QDEL] shares were valued at $38.96 at the most recent close of the market. An investor can expect a potential return of 139.73% based on the average QDEL price forecast.
Analyzing the QDEL fundamentals
Trailing Twelve Months sales for QuidelOrtho Corporation [NASDAQ:QDEL] were 2.81B which represents -2.03% decline. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.71%, and Net Profit Margin reading is -0.66%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is -0.51 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 0.85.
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 38.27 points at the first support level, and at 37.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.73, and for the 2nd resistance point, it is at 40.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for QuidelOrtho Corporation [NASDAQ:QDEL] is 1.38. As well, the Quick Ratio is 0.81, while the Cash Ratio is 0.14. Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 0.82.
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.
