SelectQuote Inc. (NYSE:SLQT) finished Friday with an addition of $0.05 to close at $1.59, an upside of 3.25 percent. An average of 561,160 shares of common stock have been traded in the last five days. There was a fall of -$0.1300 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 593,710 shares traded, while the 50-day average volume stands at 748,382.
SLQT stock has decreased by -19.70% in the last month. The company shares reached their 1-month lowest point of $1.4700 on 08/11/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $0.51 and a high of $2.94 in 52 weeks. It has reached a new high 14 times so far this year and achieved 136.64% or $0.9181 in price. In spite of this, the price is down -45.92% from the 52-week high.
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Valuation Metrics
SelectQuote Inc. (SLQT) stock’s beta is 0.47. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.31, the price-to-book (PB) ratio at 0.68.
Financial Health
The quick ratio of SelectQuote Inc. for the three months ended March 30 was 2.60, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.70 and a total debt to equity ratio of 1.77 for the quarter ending March 30. SelectQuote Inc.’s EBITDA margin for the year ending March 30 is -35.27%, while its operating margin for the same period stands at -8.10%.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SelectQuote Inc.’s return on assets was -9.20%.
Earnings Surprise
For the three-month period that ended March 30, SelectQuote Inc. had $667.31 million in total debt. The company posted a net income of $9.26 million in the quarter, while revenues of $22.51 million were grew 169.65%. The analyst consensus anticipated SelectQuote Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be $0.06, a 146.20% surprise. At the end of the quarter ending March 30, SelectQuote Inc.’s stock balance sheet showed total debt was $729.27 million. Shareholders own equity worth $166.66 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at SelectQuote Inc. (SLQT) price momentum. RSI 9-day as of the close on 11 August was 36.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.90%.
As of today, SLQT’s price is $1.6480 -7.56% or -$0.1300 from its 5-day moving average. SLQT is currently trading -13.11% lower than its 20-day SMA and +0.63% higher than its 100-day SMA. However, the stock’s current price level is -0.62% below the SMA50 and +199.32% above the SMA200.
The stochastic %K and %D were 12.47% and 13.95%, respectively, and the average true range (ATR) was 0.1168. With the 14-day stochastic at 26.09% and the average true range at 0.1196, the RSI (14) stands at 40.57%. The stock has reached -0.1433 on the 9-day MACD Oscillator while the 14-day reading was at -0.1667.
Analyst Ratings
The consensus rating for SelectQuote Inc. (SLQT) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLQT, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is SLQT’s price target for the next 12 months?
Analysts predict a range of price targets between $1.75 and $3.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for SelectQuote Inc. (SLQT) stock is $2.58.
