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Monday, June 5, 2023

Qurate Retail Inc. (NASDAQ: QRTEA) May Be Attracting Institutional Investments

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 Qurate Retail Inc. (QRTEA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $1.14. The Qurate Retail Inc. has recorded 37,497 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Qurate Retail, Inc. to Hold Virtual Annual Meeting of Stockholders.

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Stocks Info

Qurate Retail Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Internet Retail industry. At the end of the last regular session, the stock closed at $1.14 and fluctuated between $1.2000 as its day high and $1.0250 as its day low. The current market capitalization of Qurate Retail Inc. is $432.29M. A total of 5.85 million shares were traded on the day, compared to an average of 8.11M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, QRTEA has seen 4 BUY and 4 SELL insider trades, representing the acquisition of 315,703 and the disposition of 135,600 shares. Over the last 12 months, there were 11 BUYs and 7 SELLs from insiders. Insiders purchased 548,402 shares during that period but sold 224,764.

In the most recent transaction, Rawlinson David sold 89,300 shares of QRTEA for 0.92 per share on Mar 17. After the transaction, the President/CEO now owns 372,004 company shares. In a previous transaction on Mar 17, Wilm Renee L sold 18,100 shares at 0.92 per share. QRTEA shares that Chief Legal/Admin Officer owns now total 33,166.

Among the insiders who sold shares, ROSENTHALER ALBERT E disposed of 18,100 shares on Mar 17 at a per-share price of $0.92. This resulted in the Chief Corp. Dev. Officer holding 198,841 shares of QRTEA after the transaction. In another insider transaction, Wendling Brian J sold 10,100 shares at $0.92 per share on Mar 17. Company shares held by the CAO/PFO now total 66,231.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. QRTEA’s most recent ex-dividend date was 11/12/2021 when it declared a $1.25 quarterly dividend that was paid in cash on 11/22/2021. Previously, the company paid the dividend on 12/7/2020 with an ex-dividend date of 11/27/2020. The QRTEA stock dividend was $1.50 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for QRTEA in the last 3 months, the mean price target is $0.70 with high estimates of $0.90 and low estimates of $0.50. In terms of 52-week highs and lows, QRTEA has a high of $4.23 and a low of $0.67.

As of this writing, QRTEA has an earnings estimate of $0.09 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of $0.12 per share and a lower estimate of $0.05. The company reported an EPS of -$0.05 in the last quarter, which was -129.40% lower than expectations of $0.17.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. QRTEA’s latest balance sheet shows that the firm has $587.00M in Cash & Short Term Investments as of fiscal 2021. There were $6.99B in debt and $4.22B in liabilities at the time. Its Book Value Per Share was $1.08, while its Total Shareholder’s Equity was $3.03B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 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 QRTEA is Buy with a score of 2.50.

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