Buy Qurate Retail Inc. (QRTEA) and Farfetch Limited (FTCH) For The Bounce

The recent price movement of QRTEA means that it is now down by -61.97% from its 52-week high and 3.82% up against its 52-week low prices. Over the past one week, the price volatility of QRTEA stands at 5.90% while the volatility over the past one month is 4.91%. The beta score for this stock is 1.19. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 08/07/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.37 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.32 by 0.05. The revenue by the firm was 3.13B for the quarter.

The shares of Qurate Retail Inc. (QRTEA) dropped by -4.03%, leading to a loss of -$0.4 per share, and saw QRTEA end the trading session at $9.52 on Friday 10/18/19. QRTEA started the trading session at $9.85, before reaching a daily high of $9.91. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $9.31.

The trading volume on Friday stood at 3121140, which was below the stock’s 3-month average volume of 3.84 million shares, out of a total 380.92M shares. As the price of the stock dipped, the market valuation of the company dropped to 4.14 billion.

The shares of Farfetch Limited (NYSE: FTCH) went down by -4.06% by the end of the recent trading session. This movement saw its price plunge to close at $8.04, which was lower than the previous closing price of $8.38. Over the past one week, the price of FTCH has jumped by 0.25%, while it has recorded a loss of -9.56% over the past one month. Its three-month performance saw FTCH lose -62.41% while its six-month performance saw it drop by -65.79%. The situation is different though over the past one year, as the stock price went down by -66.75%, while its year-to-date (YTD) price performance slipped by -54.60%. The stock price has gone up by +4.82% compared to its 90-day low, while it is down -63.64% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 2,929,935 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 4,192,090 shares and the indicators have an average rating of 100% Sell. The last indicators, the long-term see FTCH stock with a 100-Day average volume of 3,400,810 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves FTCH with an average rating of 100% Sell.

Several brokerage firms sent out their reports FTCH stock not long ago. In its report sent out on August 29, 2019, BofA/Merrill lowered its ratings on FTCH to a Buy. In an earlier report on June 12, 2019, KeyBanc Capital Markets Initiated the stock to a Overweight. Bernstein meanwhile in its report on June 07, 2019 Upgrade its rating of the stock from a “Mkt Perform” to “Mkt Perform”.

In related news to the company’s stock, around 97.30% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 174 institutions currently hold the FTCH stock. In the last quarter, a 209,360,602 FTCH shares were in the possession of institutions. On the other hand, the company recorded 44 new institutions who bought it their stock, while 48 institutions sold their entire FTCH reserve. Of the current institutions investing in the stock, 100 increased their investment while 68 decreased their investment in the stock.