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Wednesday, February 1, 2023

Are Things Looking Up For QuidelOrtho Corporation (NASDAQ: QDEL)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for QuidelOrtho Corporation (QDEL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.09, or 0.11%, to $85.76. The QuidelOrtho Corporation has recorded 6,845 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted QuidelOrtho to Present at the J.P. Morgan Healthcare Conference.

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Stocks Info

The company is listed on the NASDAQ and operates within the Diagnostics & Research industry segment. At the end of the last regular session, the stock closed at $85.67 and fluctuated between $86.26 as its day high and $83.52 as its day low. The current market capitalization of QuidelOrtho Corporation is $5.62B. A total of 0.51 million shares were traded on the day, compared to an average of 663.48K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, QDEL has seen 5 BUY and 5 SELL insider trades, representing the acquisition of 6,019 and the disposition of 3,030 shares. Over the last 12 months, there were 64 BUYs and 48 SELLs from insiders. Insiders purchased 917,889 shares during that period but sold 800,124.

In the most recent transaction, POLAN MARY LAKE PH D sold 1,525 shares of QDEL for 113.59 per share on Mar 18. After the transaction, the Director now owns 18,162 company shares.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for QDEL in the last 3 months, the mean price target is $119.29 with high estimates of $173.00 and low estimates of $90.00. In terms of 52-week highs and lows, QDEL has a high of $136.96 and a low of $66.88.

As of this writing, QDEL has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.17 per share and a lower estimate of $0.49. The company reported an EPS of $11.66 in the last quarter, which was 17.90% higher than expectations of $9.89.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QDEL is Overweight with a score of 4.17. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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