Qurate Retail (NASDAQ:QRTEB) Shares Slide 5.3% - Future Outlook

On Friday, the share price of Qurate Retail, Inc. (NASDAQ:QRTEB) decreased by 5.3%, hitting a low of $2.30 before finally closing at $2.24. During the trading session, approximately 811 shares were exchanged, significantly lower than the average daily volume of 3,562 shares. The previous closing price was $2.36.

Stock Performance Summary

The company's fifty-day moving average stands at $2.82, while the 200-day moving average is $3.43. Financial metrics indicate a current ratio of 1.22, a quick ratio of 0.73, and a notably high debt-to-equity ratio of 8.74. Qurate Retail has a market capitalization of $904.65 million, a price-to-earnings (P/E) ratio of -3.21, and a beta of 1.32, which suggests some volatility.

On November 7th, Qurate Retail released its latest quarterly earnings report, which revealed an earnings per share (EPS) of ($0.06). The company reported quarterly revenue of $2.34 billion. Notably, Qurate Retail has a negative net margin of 2.71% but maintains a positive return on equity of 23.22%.

Changes in Institutional Holdings

Recently, an institutional investor showed significant interest in Qurate Retail stock. Rhumbline Advisers increased its shareholdings in Qurate Retail by an impressive 745.3% during the fourth quarter, according to the SEC filing. After acquiring an additional 9,137 shares, Rhumbline now holds 10,363 shares valued at approximately $30,000. Overall, institutional investors and hedge funds possess about 2.25% of the company's total stock.

Company Overview

Qurate Retail, Inc., along with its subsidiaries, is active in the video and online commerce sectors across North America, Europe, and Asia. The company specializes in marketing and selling a diverse range of consumer products through televised shopping programs, online platforms, and mobile applications. Their offerings include apparel for women, children, and men, as well as home goods, accessories, and beauty products available through various digital channels.

Investment Considerations

If you are contemplating whether to invest in Qurate Retail, consider this: MarketBeat monitors the recommendations of leading analysts and has identified five stocks that these analysts believe are better investment options than Qurate Retail, which currently holds a 'Hold' rating. Making an informed decision based on thorough research is crucial before proceeding with any investment.

Investors are encouraged to seek out insights on where to effectively allocate their funds while navigating the challenges and uncertainties of the market.

Qurate, Stock, Trading