Qurate Retail (NASDAQ:QRTEB) Shares Gap Down - What's Next?

Qurate Retail, Inc. (NASDAQ:QRTEB) shares experienced a gap down right before trading started on Thursday. Previously, the stock closed at $2.48 but opened lower at $2.39. As of the latest trading session, Qurate Retail shares traded at $2.48, with a trade volume of 1,348 shares.

Stock Performance Overview

The stock has seen a decline of 7.6%. Qurate Retail holds a 50-day moving average of $2.93 and a 200-day moving average of $3.50. The company's market capitalization stands at approximately $909.41 million. It currently has a price-to-earnings (P/E) ratio of -3.23 and a beta value of 1.32, indicating some volatility. Financial ratios show a current ratio of 1.22, a quick ratio of 0.73, and a relatively high debt-to-equity ratio of 8.74.

In its latest earnings report released on November 7th, the company reported an earnings per share (EPS) of ($0.06) for the quarter. Remarkably, Qurate Retail achieved a return on equity of 23.22%, though it faced a net margin of -2.71%. The quarter's revenue was reported at $2.34 billion.

Investor Interest

Recently, institutional investment activity has been noted, as SG Americas Securities LLC acquired a new position in Qurate Retail during the third quarter. This institution purchased 10,447 shares valued at about $45,000. Institutional and hedge funds currently own about 2.25% of the company's stock.

Company Background

Qurate Retail, Inc., along with its subsidiaries, is engaged in the video and online commerce sectors across North America, Europe, and Asia. The company specializes in both merchandise-focused television shopping programs and online retailing. Its product offerings primarily include men’s, women’s, and children’s apparel, along with home goods, beauty products, and various accessories through their app and website.

Investment Considerations

Before considering an investment in Qurate Retail, potential investors may want to evaluate insights from Wall Street. Currently, while analysts maintain a "Hold" rating on Qurate Retail, several top-rated analysts have recommended other stocks that may present better investment opportunities.

Further Reading

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