QuidelOrtho Corporation [QDEL] stock is trading at $41.35, down -0.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QDEL shares have gain 8.25% over the last week, with a monthly amount glided 3.32%, 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 December 11, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $50 from $44. Previously, Jefferies started tracking the stock with Hold rating on December 10, 2024, and set its price target to $43. Craig Hallum upgraded its rating to a Buy and increased its price target to $57 on September 05, 2024. UBS downgraded its rating to a Sell and reduced its price target to $42 on March 04, 2024. JP Morgan downgraded its rating to Underweight for this stock on February 14, 2024, and downed its price target to $37. In a note dated December 11, 2023, Citigroup downgraded an Neutral rating on this stock and revised its target price from $95 to $72.
QuidelOrtho Corporation [QDEL] stock has fluctuated between $29.74 and $75.86 over the past year. Currently, Wall Street analysts expect the stock to reach $53.5 within the next 12 months. QuidelOrtho Corporation [NASDAQ: QDEL] shares were valued at $41.35 at the most recent close of the market. An investor can expect a potential return of 29.38% based on the average QDEL price forecast.
Analyzing the QDEL fundamentals
QuidelOrtho Corporation [NASDAQ:QDEL] reported sales of 2.81B for the trailing twelve months, which represents a drop of -2.03%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.71%, 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 40.63 points at the first support level, and at 39.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 42.13, and for the 2nd resistance point, it is at 42.91.
Ratios To Look Out For
For context, QuidelOrtho Corporation’s Current Ratio is 1.38. Also, the Quick Ratio is 0.81, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.98, the price to book ratio is 0.87.
Transactions by insiders
Recent insider trading involved Blaser Brian J., President and CEO, that happened on Dec 11 ’24 when 6033.0 shares were purchased. Former COO, Robert Bujarski completed a deal on Dec 09 ’24 to buy 20000.0 shares. Meanwhile, 10% Owner Carlyle Group Inc. sold 8.26 million shares on Nov 21 ’24.
