The stock of SelectQuote Inc. (NYSE:SLQT) increased by $0.01 on Friday to finish at $1.27, up 0.79 percent. The last five days have seen an average of 694,240 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.5981. The average number of shares traded over the last 20 days was 675,365, while the average volume over the last 50 days totaled 694,362.
SLQT stock dropped -25.29% since last month. On 08/24/23, the company’s shares reached a one-month low of $1.1900. The stock touched a high of $2.94 on 03/06/23, after rallying from a low of $0.51 in 52 weeks. The price of SLQT stock has risen by 89.02% or $0.5981 this year, reaching a new high 14 times. Still, the stock price is down -56.80% from the 52-week high.
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Insider Transactions
SLQT stock investors should be aware that SelectQuote Inc. (SLQT) stock had its last reported insider trading activity 104 days ago on May 16. On May 16, Director GRANT W THOMAS II acquired 425,000 shares at $1.28 each. This transaction resulted in the insider spending $544,000. On May 16, Grant Robert Clay added 200,000 shares at a price of US$1.28. After the transaction, the insider now owns 1,517,272 shares. CHIEF EXECUTIVE OFFICER Danker Timothy Robert had earlier bought 100,000 shares on May 16 for $1.23 a share. The transaction was completed for $123,000.
Valuation Metrics
Beta for the stock is 0.58. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.23, the price-to-book (PB) ratio of 0.54.
Financial Health
For the three months ended March 30, SelectQuote Inc.’s quick ratio was 2.60, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.70, and the total debt to equity ratio is 1.77. As far as profitability goes, gross margin for the trailing twelve months is 45.80% percent. SelectQuote Inc.’s EBITDA margin for the year ended March 30 was -35.27%, whereas its operating margin stood at -8.10% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SLQT’s return on assets (ROA) during the last 12 months has been -9.20%. There was a -23.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -30.90%.
Earnings Surprise
According to SelectQuote Inc.’s quarterly financial report for the quarter that ended March 30. Net income for the quarter came in at $299.4 million, while revenues rose by 8.11% to $319.19 million. It was predicted that SelectQuote Inc.’s quarterly earnings would be $0.06, but it ended up being -$0.13, beating the consensus by 146.20%. At the end of SelectQuote Inc.’s most recent quarter ended March 30, its total debt was $729.27 million. Equity owned by shareholders amounts to $166.66 million.
Technical Picture
Here’s a quick look at SelectQuote Inc.’s (SLQT) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 26.56%, suggesting the stock is oversold, with a 46.50% historical volatility rate.
The stochastic %K and %D were 12.36% and 10.46% respectively, while the average true range (ATR) was 0.1114. Based on the 14-day stochastic reading of 13.11%, the RSI (14) reading is 31.27%. On the 9-day MACD Oscillator, the stock is at -0.0444, and the 14-day reading is at -0.1433.
Analyst Ratings
Analysts have assigned SelectQuote Inc. (SLQT) an Hold rating. SLQT is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is SLQT’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.75 and $3.00, with a median target price of $3.00. In analyzing these forecasts, the average price target given by analysts for SelectQuote Inc. (SLQT) is $2.58.
