QVC Group (NASDAQ:QVCGA) Stock Price Passes Above 200-Day Moving Average – What’s Next?

QVC Group Inc. (NASDAQ:QVCGA) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.93 and traded as high as $10.52. QVC Group shares last traded at $10.32, with a volume of 46,457 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on QVCGA shares. Wall Street Zen upgraded shares of QVC Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of QVC Group in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, QVC Group presently has an average rating of “Sell”.

QVC Group Stock Up 7.7%

The business’s 50 day moving average is $9.78 and its 200-day moving average is $8.93. The firm has a market cap of $83.28 million, a P/E ratio of -0.02 and a beta of 2.62.

QVC Group (NASDAQ:QVCGA) last announced its quarterly earnings data on Wednesday, November 5th. The company reported ($9.89) earnings per share for the quarter. The business had revenue of $2.21 billion for the quarter.

Institutional Trading of QVC Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in QVC Group during the 3rd quarter worth approximately $116,000. Bridgeway Capital Management LLC bought a new position in QVC Group during the second quarter worth $30,000. XTX Topco Ltd acquired a new position in QVC Group in the second quarter worth $32,000. Simplify Asset Management Inc. acquired a new position in QVC Group in the second quarter worth $33,000. Finally, Voleon Capital Management LP bought a new stake in QVC Group during the third quarter valued at $167,000. Institutional investors and hedge funds own 64.10% of the company’s stock.

About QVC Group

QVC Group (NASDAQ:QVCGA) is a global omnichannel retailer specializing in video- and live-based shopping experiences across television, digital and mobile platforms. Founded in 1986 and headquartered in West Chester, Pennsylvania, the company offers an extensive range of products including fashion and accessories, beauty and personal care, home and garden goods, electronics and jewelry. QVC Group blends curated programming with on-demand ecommerce to engage customers through interactive demonstrations and storytelling.

The company operates through multiple segments, notably QVC U.S.