Sharecare Inc (NASDAQ: SHCR): A Great Stock To Watch

Sharecare Inc (NASDAQ:SHCR) shares, rose in value, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $1.37.

Actively observing the price movement in the last trading, the stock closed the session at $1.38. Referring to stock’s 52-week performance, its high was $1.76, and the low was $0.48. On the whole, SHCR has fluctuated by 71.27% over the past month.

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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SHCR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SHCR currently trading nearly 1.99% and 33.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.54, while the 7-day volatility ratio is showing 0.73% which for the 30-day chart, stands at 1.37%. Furthermore, Sharecare Inc (SHCR)’s beta value is 0.51, and its average true range (ATR) is 0.04.

A comparison of Sharecare Inc (SHCR) with its peers suggests the former has fared considerably weaker in the market. SHCR showed an intraday change of -0.72% in last session, and over the past year, it shrunk by -20.35%%.

Data on historical trading for Sharecare Inc (NASDAQ:SHCR) indicates that the trading volumes over the past 3 months, they’ve averaged 4.26 million. According to company’s latest data on outstanding shares, there are 353.43 million shares outstanding.

Nearly 20.77% of Sharecare Inc’s shares belong to company insiders and institutional investors own 32.73% of the company’s shares. The stock has risen by 26.85% 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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