As of Thursday close, Sharecare Inc.’s (NASDAQ:SHCR) stock was down -$0.02, moving down -1.56 percent to $1.26. The average number of shares traded per day over the past five days has been 1,523,440 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0200 gain in that time frame. In the last twenty days, the average volume was 1,224,130, while in the previous 50 days, it was 1,685,414.
Since last month, SHCR stock retreated -24.10%. Shares of the company fell to $1.1100 on 07/27/23, the lowest level in the past month. A 52-week high of $2.71 was reached on 02/03/23 after having rallying from a 52-week low of $1.11. Since the beginning of this year, SHCR’s stock price has dropped by -21.25% or -$0.3400, and marked a new high 13 times. However, the stock has declined by -53.51% since its 52-week high.
Valuation Metrics
The stock’s beta is 0.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 0.89.
Financial Health
In the three months ended March 30, Sharecare Inc.’s quick ratio stood at 2.90, while its current ratio was 2.90, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.40% percent. In the year ended March 30, operating margins totaled -27.40%. Based on annual data, SHCR earned $204.12 million in gross profit and brought in $442.42 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -26.70%. Return on equity (ROE) for the past 12 months was -21.90%.
In Sharecare Inc.’s quarter-end financial report for March 30, it reported total debt of $0.22 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SHCR’s revenue rose 13.4% to $123.26 million during the quarter, while net income inched up to $116.3 million. While analysts expected Sharecare Inc. to report -$0.06 quarterly earnings, the actual figure was -$0.1 per share, beating the consensus estimate by -66.70%. During the quarter, the company generated -$21.87 million in EBITDA. The liabilities of Sharecare Inc. were 171.54 million at the end of its most recent quarter ended March 30, and its total debt was $2.27 million. The value of shareholders’ equity is $357.42 million.
Technical Picture
This quick technical analysis looks at Sharecare Inc.’s (SHCR) price momentum. With a historical volatility rate of 66.84%, the RSI 9-day stood at 27.75% on 03 August.
With respect to its five-day moving average, the current Sharecare Inc. price is up by +1.61% percent or $0.0200. At present, SHCR shares trade -23.64% below its 20-day simple moving average and -41.12% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.50% below its SMA50 and -31.89% below its SMA200.
Stochastic coefficient K was 27.05% and Stochastic coefficient D was 32.37%, while ATR was 0.1058. Given the Stochastic reading of 21.74% for the 14-day period, the RSI (14) reading has been calculated as 30.81%. As of today, the MACD Oscillator reading stands at -0.0289, while the 14-day reading stands at -0.1540.
Analyst Ratings
Morgan Stanley launched its rating on Sharecare Inc. (NASDAQ: SHCR) to an Equal-weight in a note to investors on July 20, 2022. Sharecare Inc. (SHCR) has been rated Overweight by analysts. According to 0 brokerage firms, SHCR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sharecare Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $2.88, the current consensus forecast for the stock is $2.00 – $5.00. Based on these forecasts, analysts predict Sharecare Inc. (SHCR) will achieve an average price target of $3.19.
