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Sharecare Inc. (NASDAQ: SHCR) Has Outstanding Potential

Sharecare Inc. (NASDAQ:SHCR) shares, rose in value on Thursday, 05/25/23, with the stock price N/A by 0.00% to the previous day’s close as strong demand from buyers drove the stock to $1.43.

Actively observing the price movement in the last trading, the stock closed the session at $1.43, falling within a range of $1.355 and $1.45. The value of beta (5-year monthly) was 0.29. Referring to stock’s 52-week performance, its high was $3.20, and the low was $1.31. On the whole, SHCR has fluctuated by -7.14% over the past month.

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With the market capitalization of Sharecare Inc. currently standing at about $526.15 million, investors are eagerly awaiting this quarter’s results, scheduled for Aug 08, 2023 – Aug 14, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.09, which is expected to increase to -$0.05 for fiscal year -$0.32 and then to about -$0.23 by fiscal year 2024. Data indicates that the EPS growth is expected to be 5.90% in 2024, while the next year’s EPS growth is forecast to be 28.10%.

Analysts have estimated the company’s revenue for the quarter at $109.77 million, with a low estimate of $109.5 million and a high estimate of $110.03 million. According to the average forecast, sales growth in current quarter could jump up 5.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $458.7 million, representing an increase of 3.70% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SHCR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.


The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SHCR currently trading nearly -3.12% and -13.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.04, while the 7-day volatility ratio is showing 6.17% which for the 30-day chart, stands at 7.28%. Furthermore, Sharecare Inc. (SHCR)’s average true range (ATR) is 0.11.


Data on historical trading for Sharecare Inc. (NASDAQ:SHCR) indicates that the trading volumes over the past 10 days have averaged 1.05 million and over the past 3 months, they’ve averaged 1.06 million. According to company’s latest data on outstanding shares, there are 350.72 million shares outstanding.

Nearly 0.30% of Sharecare Inc.’s shares belong to company insiders and institutional investors own 45.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.22 million shares as on Apr 27, 2023, resulting in a short ratio of 6.2. According to the data, the short interest in Sharecare Inc. (SHCR) stood at 2.30% of shares outstanding as of Apr 27, 2023; the number of short shares registered in Mar 30, 2023 reached 12.38 million. The stock has fallen by -10.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SHCR stock heading into the next quarter.

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