Qurate Retail (NASDAQ:QRTEB) Shares Jump 18.6% - Should You Buy?

Qurate Retail, Inc. (NASDAQ:QRTEB - Get Free Report) saw its shares rise by 18.6% during trading on Friday. The stock reached a high of $4.15 and was last traded at that same price. In total, about 8,631 shares changed hands, marking a significant increase of 75% from its average daily volume of 4,922 shares. Prior to this surge, the stock had closed at $3.50.

Qurate Retail Stock Performance

Qurate Retail currently has a market capitalization of $1.44 billion, with a P/E ratio of -4.93 and a beta of 1.30. Over the last fifty days, the moving average price stood at $3.50, while the 200-day moving average was $3.78. Financial metrics indicate a current ratio of 1.22, a quick ratio of 0.73, and a substantial debt-to-equity ratio of 8.74.

Institutional Investments in Qurate Retail

Recently, an institutional investor took a significant position in Qurate Retail. Specifically, SG Americas Securities LLC acquired a new stake in Qurate Retail, Inc. (NASDAQ:QRTEB - Get Free Report) during the third quarter. The acquisition included 10,447 shares valued at approximately $45,000. Currently, institutional investors collectively own about 2.25% of the company's stock.

Understanding Qurate Retail

Qurate Retail, Inc. operates within the video and online commerce sectors across North America, Europe, and Asia. The company specializes in marketing and selling a wide range of consumer products through shopping channels that include televised shopping programs and internet platforms. It also functions as an online retailer, selling apparel for women, children, and men, along with various other products including home goods, accessories, and beauty items through its application on mobile and desktop devices.

Investment Considerations

If you are contemplating investing $1,000 in Qurate Retail, it is vital to gather insights before making a decision. Notably, Qurate Retail has received a "Hold" rating from many analysts. Furthermore, research by MarketBeat has identified five other stocks that top analysts suggest buyers focus on, which do not include Qurate Retail.

This provides essential context for investors, as experts are indicating that there may be more promising investment opportunities available right now. It is advisable to analyze each investment closely and consider consulting with financial advisors to make informed decisions.

Qurate, Stocks, Investment