As of Friday close, SelectQuote Inc.’s (NYSE:SLQT) stock was up $0.01, moving up 0.76 percent to $1.32. The average number of shares traded per day over the past five days has been 645,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2700 fall in that time frame. In the last twenty days, the average volume was 630,510, while in the previous 50 days, it was 701,356.
Since last month, SLQT stock retreated -26.67%. Shares of the company fell to $1.2700 on 08/18/23, the lowest level in the past month. A 52-week high of $2.94 was reached on 03/06/23 after having rallying from a 52-week low of $0.51. Since the beginning of this year, SLQT’s stock price has risen by 96.46% or $0.6481, and marked a new high 14 times. However, the stock has declined by -55.10% since its 52-week high.
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SLQT stock investors should be aware that SelectQuote Inc. (SLQT) stock had its last reported insider trading activity 95 days ago on May 16. GRANT W THOMAS II, the Director of the company, purchased of 425,000 shares for $1.28 on May 16. It resulted in a $544,000 investment by the insider. Grant Robert Clay added 200,000 shares at an average price of $1.28 on May 16. The insider now owns 1,517,272 shares following the transaction. On May 16, CHIEF EXECUTIVE OFFICER Danker Timothy Robert bought 100,000 shares at $1.23 apiece. The transaction was valued at $123,000.
Valuation Metrics
The stock’s beta is 0.57. Besides these, the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 0.56.
Financial Health
In the three months ended March 30, SelectQuote Inc.’s quick ratio stood at 2.60, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.70, and the total debt-to-equity ratio was 1.77. On the profitability front, the trailing twelve-month gross margin is 45.80% percent. In the year ended March 30, operating margins totaled -8.10%.
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 -23.10%. Return on equity (ROE) for the past 12 months was -30.90%.
In SelectQuote Inc.’s quarter-end financial report for March 30, it reported total debt of $667.31 million. SLQT’s revenue rose 8.11% to $319.19 million during the quarter, while net income inched up to $299.4 million. While analysts expected SelectQuote Inc. to report -$0.13 quarterly earnings, the actual figure was $0.06 per share, beating the consensus estimate by 146.20%. The value of shareholders’ equity is $166.66 million.
Technical Picture
This quick technical analysis looks at SelectQuote Inc.’s (SLQT) price momentum. With a historical volatility rate of 42.92%, the RSI 9-day stood at 24.16% on 18 August.
With respect to its five-day moving average, the current SelectQuote Inc. price is down by -16.98% percent or -$0.2700. At present, SLQT shares trade -30.16% below its 20-day simple moving average and -29.03% percent below its 100-day simple moving average. However, the stock is currently trading approximately -29.03% below its SMA50 and +95.85% above its SMA200.
Stochastic coefficient K was 6.36% and Stochastic coefficient D was 6.80%, while ATR was 0.1200. Given the Stochastic reading of 7.58% for the 14-day period, the RSI (14) reading has been calculated as 30.90%. As of today, the MACD Oscillator reading stands at -0.1522, while the 14-day reading stands at -0.2671.
With a median target price of $3.00, the current consensus forecast for the stock is $1.75 – $3.00. Based on these forecasts, analysts predict SelectQuote Inc. (SLQT) will achieve an average price target of $2.58.
