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QDEL
Stock ticker:
NASDAQ
AS OF
Jun 24 closing price
Price
$100.18
Change
+$2.18 (+2.22%)
Capitalization
6.7B

QDEL QuidelOrtho Corp Forecast, Technical & Fundamental Analysis

a provider of diagnostic healthcare solutions
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 24, 2022

QDEL in upward trend: price may jump up because it broke its lower Bollinger Band on June 03, 2022

QDEL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 32 of 33 cases where QDEL's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 90%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 23, 2022. You may want to consider a long position or call options on QDEL as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for QDEL just turned positive on June 07, 2022. Looking at past instances where QDEL's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

QDEL moved above its 50-day moving average on June 24, 2022 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where QDEL advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 73 cases where QDEL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QDEL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for QDEL entered a downward trend on May 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.776) is normal, around the industry mean (7.126). P/E Ratio (4.235) is within average values for comparable stocks, (91.157). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.143). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (1.835) is also within normal values, averaging (90.334).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. QDEL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock slightly better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

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AI
A.I. Advisor
published Earnings

QDEL is expected to report earnings to fall 75.47% to $2.86 per share on August 10

QuidelOrtho Corp QDEL Stock Earnings Reports
Q2'22
Est.
$2.86
Q1'22
Beat
by $1.77
Q4'21
Beat
by $1.68
Q3'21
Beat
by $1.84
Q2'21
Missed
by $0.45
The last earnings report on May 04 showed earnings per share of $11.66, beating the estimate of $9.89. With 875.43K shares outstanding, the current market capitalization sits at 6.70B.
AI
A.I. Advisor
published General Information

General Information

a provider of diagnostic healthcare solutions

Industry MedicalSpecialties

Profile
Fundamentals
Details
Industry
Medical Specialties
Address
9975 Summers Ridge Road
Phone
+1 858 552-1100
Employees
1600
Web
https://www.ir.quidelortho.com

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QDEL and

Correlation & Price change

A.I.dvisor indicates that over the last year, QDEL has been loosely correlated with FLGT. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if QDEL jumps, then FLGT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QDEL
1D Price
Change %
QDEL100%
+2.22%
FLGT - QDEL
56%
Loosely correlated
+3.78%
HOLX - QDEL
55%
Loosely correlated
+0.54%
RGEN - QDEL
47%
Loosely correlated
+3.46%
TMO - QDEL
46%
Loosely correlated
+0.78%
QGEN - QDEL
46%
Loosely correlated
+4.02%
More