A look at its monthly performance shows that Qurate Retail, Inc. (NASDAQ:QRTEA) has recorded a 2.71% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -18.76% and is now up by 10.71% since start of this year. The equity price sank -1.28% this week, a trend that has led to both investors and traders taking note of the stock. Its equity price dipped by -8.7% over the past three months which led to its overall six-month decrease to stand at -5.09%.
The shares of Qurate Retail, Inc. (QRTEA) dropped by -25.76% or -$7.5 from its last recorded high of $29.11 which it attained on February 27 to close at $21.61 per share. Over the past 52 weeks, the shares of Qurate Retail, Inc. has been trading as low as $18.04 before witnessing a massive surge by 19.79% or $3.57. This price movement has led to the QRTEA stock receiving more attention and has become one to watch out for. It jumped by 2.03% on Tuesday and this got the market excited. The stock’s beta now stands at 1.08 and when compared to its 200-day moving average and its 50-day moving average, QRTEA price stands -0.14% below and 3.61% above respectively. Its average daily volatility for this week is 1.82% which is less than the 2.09% recorded over the past month.
Experts from research firms are bullish about the near-term performance of Qurate Retail, Inc. with most of them predicting a $28.83 price target on a short-term (12 months) basis. The average price target by the analysts will see a 33.41% rise in the stock and would lead to QRTEA’s market cap to surge to $13.2B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 9 analysts that track Qurate Retail, Inc. (NASDAQ:QRTEA) and find out that 1 of them rated it as a Hold. 7 of the 8 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.
A look at QRTEA technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 54.29 point. Its trading volume has lost -879033 shares compared to readings over the past three months as it recently exchanged 1850967 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2730000 shares, and this is 0.68 times the normal volume.
The price of Teva Pharmaceutical Industries Limited (NYSE:TEVA) currently stands at $19.12 after it went up by $0.3 or 1.59% and has found a strong support at $18.96 a share. If the TEVA price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $18.8 mark would also be bad for the stock as it means that the stock would plunge by 1.67% from its current position. However, if the stock price is able to trade above the resistance point around $19.25, then it could likely surge higher to try and break the upward resistance which stands at $19.37 a share. Its average daily volatility over the past one month stands at 2.41%. The stock has plunged by 1.02% from its 52-weeks high of $18.925 which it reached on Aug. 21, 2018. In general, it is 23.69% above its 52-weeks lowest point which stands at $14.59 and this setback was observed on Dec. 24, 2018.
Analysts have predicted a price target for Teva Pharmaceutical Industries Limited (TEVA) for 1 year and it stands at an average $22.01/share. This means that it would likely increase by 15.12% from its current position. The current price of the stock has been moving between $18.925 and $19.21. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $12.1. On the other hand, one analyst is super bullish about the price, setting a target as high as $30.
The TEVA stock Stochastic Oscillator (%D) is at 20.6%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.08 which compares to the 7.48 recorded by the industry or the 9.79 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 6.78, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -57.5% over the past five years.
Analysts view Teva Pharmaceutical Industries Limited (NYSE:TEVA) as a Hold, with 2.7 consensus rating. Reuters surveyed 23 analysts that follow TEVA and found that 15 of those analysts rated the stock as a Hold. The remaining 8 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Teva Pharmaceutical Industries Limited (TEVA) shares or sell it if they already own it.