Blalock Michael Acquires Sharecare Inc. (SHCR) Shares

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SNOW Stock
SNOW Stock

Sharecare Inc. (NASDAQ:SHCR) finished Wednesday with an addition of $0.08 to close at $2.06, an upside of 4.04 percent. An average of 8,097,060 shares of common stock have been traded in the last five days. There was a gain of $0.2100 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 3,580,565 shares traded, while the 50-day average volume stands at 2,352,250.

SHCR stock has increased by 21.89% in the last month. The company shares reached their 1-month lowest point of $1.5200 on 08/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $1.38 and a high of $9.05 in 52 weeks. It has reached a new high 2 times so far this year and lost -54.12% or -$2.4300 in price. In spite of this, the price is down -77.23% from the 52-week high.


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Valuation Metrics

Sharecare Inc. (SHCR) has a trailing price-to-sales (P/S) ratio at 1.73, the price-to-book (PB) ratio at 1.30.

Financial Health

The quick ratio of Sharecare Inc. for the three months ended June 29 was 4.30, and the current ratio was 4.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at $209.6 million compared to revenue of $412.81 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sharecare Inc.’s return on assets was -13.40%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$29.03 million in the quarter, while revenues of -$38.2 million were grew 96.83%. The analyst consensus anticipated Sharecare Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.08, a -33.30% surprise. For the quarter, EBITDA amounted to -$24.74 million. Shareholders own equity worth $352.4 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sharecare Inc. (SHCR) price momentum. RSI 9-day as of the close on 21 September was 61.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 102.87%.

As of today, SHCR’s price is $1.8800 +11.35% or $0.2100 from its 5-day moving average. SHCR is currently trading +15.73% higher than its 20-day SMA and -26.69% lower than its 100-day SMA. However, the stock’s current price level is +27.95% above the SMA50 and -64.73% below the SMA200.

The stochastic %K and %D were 70.82% and 48.19%, respectively, and the average true range (ATR) was 0.1800. With the 14-day stochastic at 80.36% and the average true range at 0.1700, the RSI (14) stands at 58.70%. The stock has reached 0.0900 on the 9-day MACD Oscillator while the 14-day reading was at 0.0800.

Analyst Ratings

Morgan Stanley launched coverage on Sharecare Inc. (NASDAQ: SHCR) in its analyst report released on July 20, 2022. The firm assigned the stock an Equal-weight rating.

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