QuidelOrtho Corporation [QDEL] stock prices are up 5.94% to $40.14 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 10.95% over the last week, with a monthly amount glided 3.48%, and 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.
The stock price of QuidelOrtho Corporation [QDEL] has been fluctuating between $29.74 and $75.86 over the past year. Currently, Wall Street analysts expect the stock to reach $93.4 within the next 12 months. QuidelOrtho Corporation [NASDAQ: QDEL] shares were valued at $40.14 at the most recent close of the market. An investor can expect a potential return of 132.69% based on the average QDEL price forecast.
Analyzing the QDEL fundamentals
The QuidelOrtho Corporation [NASDAQ:QDEL] reported sales of 2.81B for trailing twelve months, representing a drop of -2.03%. 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 0.8.
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 38.15 points at the first support level, and at 36.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.47, and for the 2nd resistance point, it is at 42.80.
Ratios To Look Out For
It’s worth pointing out that QuidelOrtho Corporation [NASDAQ:QDEL]’s Current Ratio 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 1.02, the price to book ratio is 0.85.
Transactions by insiders
Recent insider trading involved Carlyle Group Inc., 10% Owner, that happened on Nov 21 ’24 when 8.26 million shares were sold. 10% Owner, Carlyle Group Inc. completed a deal on Aug 09 ’24 to sell 74134.0 shares. Meanwhile, 10% Owner Carlyle Group Inc. sold 0.11 million shares on Aug 08 ’24.
