The stock of Sharecare Inc. (NASDAQ:SHCR) increased by $0.03 on Tuesday to finish at $0.83, up 4.30 percent. The last five days have seen an average of 5,341,280 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.7680. The average number of shares traded over the last 20 days was 2,692,200, while the average volume over the last 50 days totaled 1,782,082.
SHCR stock dropped -40.14% since last month. On 08/29/23, the company’s shares reached a one-month low of $0.7695. The stock touched a high of $2.71 on 02/03/23, after rallying from a low of $0.78 in 52 weeks. The price of SHCR stock has declined by -48.00% or -$0.7680 this year, reaching a new high 13 times. Still, the stock price is down -69.30% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.57. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.70, the price-to-book (PB) ratio of 0.59.
Financial Health
For the three months ended June 30, Sharecare Inc.’s quick ratio was 2.90, while its current ratio was 2.90, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 44.40% percent. Sharecare Inc.’s EBITDA margin for the year ended June 30 was -12.27%, whereas its operating margin stood at -30.40% for the same period. Based on annual data, it had gross profit of $204.12 million and revenue of $442.42 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SHCR’s return on assets (ROA) during the last 12 months has been -17.10%. There was a -26.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -22.60%.
Earnings Surprise
According to Sharecare Inc.’s quarterly financial report for the quarter that ended June 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $110.35 million, while revenues rose by 5.92% to $116.3 million. It was predicted that Sharecare Inc.’s quarterly earnings would be -$0.1, but it ended up being -$0.09, beating the consensus by -11.10%. EBITDA was -$19.96 million for the quarter. At the end of Sharecare Inc.’s most recent quarter ended June 30, its liabilities totaled 184.43 million, while its total debt was $2.41 million. Equity owned by shareholders amounts to $357.12 million.
Technical Picture
Here’s a quick look at Sharecare Inc.’s (SHCR) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 20.75%, suggesting the stock is oversold, with a 76.00% historical volatility rate.
The stochastic %K and %D were 5.50% and 3.79% respectively, while the average true range (ATR) was 0.0816. Based on the 14-day stochastic reading of 11.78%, the RSI (14) reading is 22.23%. On the 9-day MACD Oscillator, the stock is at -0.1175, and the 14-day reading is at -0.2104.
Analyst Ratings
In its analyst report released on July 20, 2022, Morgan Stanley began covering Sharecare Inc. (NASDAQ: SHCR). The stock was rated as an Equal-weight by the brokerage firm. Analysts have assigned Sharecare Inc. (SHCR) an Overweight rating. SHCR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is SHCR’s price target for the next 12 months?
The current consensus forecast for the stock is between $2.00 and $5.00, with a median target price of $2.88. In analyzing these forecasts, the average price target given by analysts for Sharecare Inc. (SHCR) is $3.19.
