Raymond James raised the price target for the Quidel Corporation (NASDAQ:QDEL) stock from “a Mkt perform” to “an Outperform”. The rating was released on January 22, 2021. We previously noted in another research note published on May 12, 2020 by JP Morgan that downgraded the stock from a Neutral to an Underweight with a price target of $158 for QDEL stock. The research report from Barclays has downgraded the stock from Overweight to Equal Weight, with a price target set at $90. The stock was resumed by Raymond James, who disclosed in a research note on October 23, 2018, to Strong Buy and set the price objective to $80.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of Quidel Corporation (NASDAQ:QDEL) dipped -2.23% to close Friday’s market session at $114.88, lower as compared to yesterday’s close. The stock price fluctuated between $113.02 and $119.82 throughout the trading session with the volume trading being 903215 shares, which represented a significant variation when compared to the three months average volume of 737.93K shares. The firm’s stock price fluctuated -7.43% within the last five trades and -23.47% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.92% in the last 6 months and -10.42% was subtracted to its value over the previous 3 months. QDEL stock is trading at a margin of -16.53%, -17.54% and -11.85% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, QDEL deals in the Healthcare domain. The stock is trading -56.65 percent below its 52-week high and 11.20 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -46.31. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Quidel Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 61.30 percent and the profit margin is 47.20 percent, and the company has reported a gross margin of 79.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $4.90 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Quidel Corporation (NASDAQ:QDEL) is 5.63. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 14.96. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.62 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.93, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.40 percent of Quidel Corporation shares are owned by insiders, and 87.80 percent are held by financial institutions. POLAN MARY LAKE PH D, the Director at Quidel Corporation (QDEL) has sold 6,167 shares of firm on Sep 03 at a price of $141.71 against the total amount of $0.87 million. In another inside trade, SLACIK CHARLES P, Director of Quidel Corporation (NASDAQ:QDEL) sold 1,000 shares of the firm on May 13 for a total worth of $0.11 million at a price of $113.26. An inside trade which took place on May 03, SVP, Cardio/Metabolic Unit of Quidel Corporation Ferenczy William J. sold 803 shares of firm against total price of $84909.0 at the cost of $105.74 per share.