Quidel Corporation (NASDAQ:QDEL) shares traded higher over the last trading session, gaining 3.02% on 05/20/21. The shares fell to a low of $116.677 before closing at $120.56. Intraday shares traded counted 0.5 million, which was 47.71% higher than its 30-day average trading volume of 946.76K. QDEL’s previous close was $117.03 while the outstanding shares total 42.51M. The firm has a beta of -0.02, a 12-month trailing P/E ratio of 5.54, and a growth ratio of 0.77. The stock’s Relative Strength Index (RSI) is 51.27, with weekly volatility at 3.43% and ATR at 6.19. The QDEL stock’s 52-week price range has touched low of $104.40 and a $306.72 high.
Investors have identified the Diagnostics & Research company Quidel Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $5.06 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Quidel Corporation (QDEL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1.28 billion total, with 366.94 million as their total liabilities.
QDEL were able to record 507.17 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by 491.11 million. In cash movements, the company had a total of 585.46 million as operating cash flow.
Potential earnings growth for Quidel Corporation (QDEL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Quidel Corporation recorded a total of 375.34 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 53.47% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -115.59%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 73.38 million trying to sell their products during the last quarter, with the result yielding a gross income of 301.96 million. This allows shareholders to hold on to 42.51M with the recently reported earning now reading 4.19 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (4.27 cents a share).
Having a look at the company’s valuation, the company is expected to record 13.41 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on QDEL sounds very interesting.
Is the stock of QDEL attractive?
In related news, Director, SLACIK CHARLES P sold 1,000 shares of the company’s stock in a transaction that recorded on May 13. The sale was performed at an average price of 113.26, for a total value of 113,258. As the sale deal closes, the SVP, Cardio/Metabolic Unit, Ferenczy William J. now sold 803 shares of the company’s stock, valued at 84,909. Also, SVP, Cardio/Metabolic Unit, Ferenczy William J. sold 7,400 shares of the company’s stock in a deal that was recorded on Mar 17. The shares were price at an average price of 136.06 per share, with a total market value of 1,006,837. Following this completion of acquisition, the SVP, R&D, Kroll Werner now holds 5,283 shares of the company’s stock, valued at 917,734. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.50%.
3 out of 6 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Quidel Corporation. 2 analysts has assigned a Sell rating on the QDEL stock. The 12-month mean consensus price target for the company’s shares has been set at $185.25.