At the time of writing, QuidelOrtho Corporation [QDEL] stock is trading at $41.03, down -2.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The QDEL shares have gain 2.73% over the last week, with a monthly amount drifted -6.15%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of QuidelOrtho Corporation fluctuated between $29.74 and $49.56. Currently, Wall Street analysts expect the stock to reach $53.5 within the next 12 months. QuidelOrtho Corporation [NASDAQ: QDEL] shares were valued at $41.03 at the most recent close of the market. An investor can expect a potential return of 30.39% based on the average QDEL price forecast.
Analyzing the QDEL fundamentals
According to QuidelOrtho Corporation [NASDAQ:QDEL], the company’s sales were 2.78B for trailing twelve months, which represents an -4.48% plunge. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.77%, and Net Profit Margin reading is -0.73%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.64 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 40.28 points at the first support level, and at 39.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.91, and for the 2nd resistance point, it is at 42.78.
Ratios To Look Out For
It is important to note that QuidelOrtho Corporation [NASDAQ:QDEL] has a current ratio of 1.22. On the other hand, the Quick Ratio is 0.69, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 0.87.
Transactions by insiders
Recent insider trading involved The Bujarski 2007 Trust U/A Dt, Former COO, that happened on Jan 06 ’25 when 0.1 million shares were purchased. President and CEO, Blaser Brian J. completed a deal on Dec 11 ’24 to buy 6033.0 shares. Meanwhile, Former COO Robert Bujarski bought 20000.0 shares on Dec 09 ’24.
