The stock of SelectQuote Inc. (NYSE:SLQT) increased by $0.09 on Tuesday to finish at $1.22, up 7.96 percent. The last five days have seen an average of 2,251,020 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $0.5481. The average number of shares traded over the last 20 days was 1,129,310, while the average volume over the last 50 days totaled 813,632.
SLQT stock dropped -7.58% since last month. On 09/13/23, the company’s shares reached a one-month low of $1.0500. 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 81.57% or $0.5481 this year, reaching a new high 14 times. Still, the stock price is down -58.50% 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 2 days ago on Sep 18. On Sep 18, President, SelectQuote Senior Matthews Joshua Brandon acquired 97,500 shares at $1.16 each. This transaction resulted in the insider spending $113,295. On Sep 15, GRANT W THOMAS II added 220,100 shares at a price of US$1.17. After the transaction, the insider now owns 220,100 shares. PRESIDENT Grant Robert Clay had earlier bought 184,200 shares on Sep 15 for $1.14 a share. The transaction was completed for $209,988.
Valuation Metrics
Beta for the stock is 0.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.19, the price-to-book (PB) ratio of 0.59.
Financial Health
For the three months ended June 29, 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 June 29 is 1.92, and the total debt to equity ratio is 2.01. As far as profitability goes, gross margin for the trailing twelve months is 47.40% percent. SelectQuote Inc.’s operating margin stood at 1.20% 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 -4.60%. There was a 2.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -15.90%.
Earnings Surprise
According to SelectQuote Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $221.78 million, while revenues rose by 39.57% to $299.4 million. It was predicted that SelectQuote Inc.’s quarterly earnings would be -$0.29, but it ended up being -$0.29. At the end of SelectQuote Inc.’s most recent quarter ended June 29, its total debt was $731.8 million. Equity owned by shareholders amounts to $167.69 million.
Technical Picture
Here’s a quick look at SelectQuote Inc.’s (SLQT) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 48.04%, suggesting the stock is Neutral, with a 138.74% historical volatility rate.
The stochastic %K and %D were 33.34% and 29.55% respectively, while the average true range (ATR) was 0.1470. Based on the 14-day stochastic reading of 38.65%, the RSI (14) reading is 44.96%. On the 9-day MACD Oscillator, the stock is at -0.0078, and the 14-day reading is at -0.0119.
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 2 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 $2.38. In analyzing these forecasts, the average price target given by analysts for SelectQuote Inc. (SLQT) is $2.38.
