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SelectQuote Inc. (NYSE:SLQT) Is Down -36.09 Percent Over The Past 30 Days: What’s Next?

In last trading session, SelectQuote Inc. (NYSE:SLQT) saw 1.14 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.08 trading at -$0.18 or -14.29% at ring of the bell on the day assigns it a market valuation of $171.95M. That closing price of SLQT’s stock is at a discount of -1249.07% from its 52-week high price of $14.57 and is indicating a premium of 12.04% from its 52-week low price of $0.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.34 million shares which gives us an average trading volume of 2.16 million if we extend that period to 3-months.

SelectQuote Inc. (NYSE:SLQT) trade information

Upright in the red during last session for losing -14.29%, in the last five days SLQT remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $1.08 price level, adding 16.92% to its value on the day. SelectQuote Inc.’s shares saw a change of -88.08% in year-to-date performance and have moved -11.48% in past 5-day. SelectQuote Inc. (NYSE:SLQT) showed a performance of -36.09% in past 30-days. Number of shares sold short was 5.69 million shares which calculate 4.28 days to cover the short interests.

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Wall Street analysts have assigned a consensus price target of $1.65 to the stock, which implies a rise of 34.55% to its current value. Analysts have been projecting $1.25 as a low price target for the stock while placing it at a high target of $2.00. It follows that stock’s current price would drop -85.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -15.74% for stock’s current value.

SelectQuote Inc. (SLQT) estimates and forecasts

The company is estimating its revenue growth to decrease by -1,050.00% in the current quarter and calculating 42.90% increase in the next quarter. This year revenue growth is estimated to fall -11.80% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $200.61 million for the same. And 3 analysts are in estimates of company making revenue of $156 million in the next quarter that will end on Sep 2022. Company posted $188.45 million and $149.02 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 6.50% while estimating it to be 4.70% for the next quarter.

In 2022, company’s earnings growth rate is likely to be around -340.50% while estimates for its earnings growth in next 5 years are of -9.70%.

SLQT Dividends

SelectQuote Inc. is more likely to be releasing its next quarterly report between February 07 and February 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

SelectQuote Inc. (NYSE:SLQT)’s Major holders

Insiders are in possession of 18.38% of company’s total shares while institution are holding 64.02 percent of that, with stock having share float percentage of 78.44%. Investors also watch the number of corporate investors in a company very closely, which is 64.02% institutions for SelectQuote Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SLQT for having 19.69 million shares of worth $54.95 million. And as of Mar 30, 2022, it was holding 11.98% of the company’s outstanding shares.

The second largest institutional holder is Brookside Equity Partners, LLC, which was holding about 17.68 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 10.75% of outstanding shares, having a total worth of $49.32 million.

On the other hand, iShares Core S&P Smallcap ETF and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 8.87 million shares of worth $22.01 million or 5.40% of the total outstanding shares. The later fund manager was in possession of 3.11 million shares on Jun 29, 2022, making its stake of worth around $7.7 million in the company or a holder of 1.89% of company’s stock.

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