SelectQuote Inc (NYSE:SLQT) price on current trading day, rose 9.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.21.
A look at the stock’s price movement, the level at last check in today’s session was $3.86, moving within a range at $3.76 and $4.23. The beta value (5-Year monthly) was 1.052. Turning to its 52-week performance, $4.55 and $1.03 were the 52-week high and 52-week low respectively. Overall, SLQT moved 51.44% over the past month.
SelectQuote Inc’s market cap currently stands at around $722.04 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 447M for the company’s revenue for the quarter, with a low and high estimate of 421M and 490.5M respectively. The average forecast suggests up to a 10.25% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.46B, representing a 10.53% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SLQT is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend SLQT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SLQT’s current price about 14.25% and 36.88% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.15, while 7-day volatility ratio is 6.73% and 9.06% in the 30-day chart. Further, SelectQuote Inc (SLQT) has a beta value of 1.13, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $2, forecast between a low of $1.5 and high of $3. Looking at the price targets, the low is 64.37% off recent price level in today’s trading while to achieve the yearly target high, it has to move 28.74%. Nonetheless, investors will most likely welcome a 52.49% jump to $2 which is the analysts’ median price.
If we refocus on SelectQuote Inc (NYSE:SLQT), historical trading data shows that trading volumes averaged 1.29 over the past 10 days and 1.16 million over the past 3 months. The company’s latest data on shares outstanding shows there are 171.50 million shares.
The 21.08% of SelectQuote Inc’s shares are in the hands of company insiders while institutional holders own 40.04% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.31 million on 2024-12-31, giving us a short ratio of 2.3. The data shows that as of 2024-12-31 short interest in SelectQuote Inc (SLQT) stood at 172.0 of shares outstanding, with shares short rising to 1.83 million registered in 2024-11-29. Current price change has pushed the stock 13.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SLQT stock continues to rise going into the next quarter.