Sharecare Inc. (NASDAQ:SHCR) finished Wednesday with a subtraction of -$0.04 to close at $1.19, a downside of -3.25 percent. An average of 1,434,000 shares of common stock have been traded in the last five days. There was a fall of -$0.0900 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,319,350 shares traded, while the 50-day average volume stands at 1,707,912.
SHCR stock has decreased by -31.61% in the last month. The company shares reached their 1-month lowest point of $1.1100 on 07/27/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $1.11 and a high of $2.71 in 52 weeks. It has reached a new high 13 times so far this year and lost -25.62% or -$0.4100 in price. In spite of this, the price is down -56.09% from the 52-week high.
Valuation Metrics
Sharecare Inc. (SHCR) stock’s beta is 0.40. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.94, the price-to-book (PB) ratio at 0.84.
Financial Health
The quick ratio of Sharecare Inc. for the three months ended March 30 was 2.90, and the current ratio was 2.90, 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 March 30. Sharecare Inc.’s EBITDA margin for the year ending March 30 is -12.27%, while its operating margin for the same period stands at -27.40%. Its gross profit as reported stood at $204.12 million compared to revenue of $442.42 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 -16.60%.
Earnings Surprise
For the three-month period that ended March 30, Sharecare Inc. had $0.22 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$34.66 million in the quarter, while revenues of -$24.12 million were shrunk -10.21%. The analyst consensus anticipated Sharecare Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be -$0.1, a -66.70% surprise. For the quarter, EBITDA amounted to -$21.87 million. Shareholders own equity worth $357.42 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 09 August was 22.82%, suggesting the stock is oversold, with historical volatility in this time frame at 60.77%.
As of today, SHCR’s price is $1.2320 -7.03% or -$0.0900 from its 5-day moving average. SHCR is currently trading -31.61% lower than its 20-day SMA and -49.15% lower than its 100-day SMA. However, the stock’s current price level is -17.36% below the SMA50 and -37.37% below the SMA200.
The stochastic %K and %D were 17.85% and 19.16%, respectively, and the average true range (ATR) was 0.0980. With the 14-day stochastic at 14.04% and the average true range at 0.0974, the RSI (14) stands at 27.30%. The stock has reached -0.0611 on the 9-day MACD Oscillator while the 14-day reading was at -0.0871.
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. The consensus rating for Sharecare Inc. (SHCR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SHCR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is SHCR’s price target for the next 12 months?
Analysts predict a range of price targets between $2.00 and $5.00, with a median target of $2.88. Taking a look at these predictions, the average price target given by analysts for Sharecare Inc. (SHCR) stock is $3.19.
