SelectQuote Inc (NYSE:SLQT) price on Thursday, February 27, rose 0.87% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.63.
A look at the stock’s price movement, the close in the last trading session was $4.59. Turning to its 52-week performance, $6.86 and $1.48 were the 52-week high and 52-week low respectively. Overall, SLQT moved 5.23% over the past month.
SelectQuote Inc’s market cap currently stands at around $797.03 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 412.83M for the company’s revenue for the quarter, with a low and high estimate of 409.1M and 417M respectively. The average forecast suggests up to a 9.68% 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 1.53B, representing a 15.57% 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 50% 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 100% 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 -5.62% and 8.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.61, while 7-day volatility ratio is 10.67% and 8.77% in the 30-day chart. Further, SelectQuote Inc (SLQT) has a beta value of 1.12, and an average true range (ATR) of 0.45. 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 67.6% off current price level while to achieve the yearly target high, price needs to move 35.21%. Nonetheless, investors will most likely welcome a 56.8% 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 1.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 172.13 million shares.
The 21.08% of SelectQuote Inc’s shares are in the hands of company insiders while institutional holders own 39.76% of the company’s shares. Current price change has pushed the stock 24.46% 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.
