In the last trading session, 1.31 million Sharecare Inc. (NASDAQ:SHCR) shares changed hands as the company’s beta touched 0.45. With the company’s per share price at $0.96 changed hands at -$0.01 or -1.23% during last session, the market valuation stood at $352.68M. SHCR’s last price was a discount, traded about -182.29% off its 52-week high of $2.71. The share price had its 52-week low at $0.77, which suggests the last value was 19.79% up since then. When we look at Sharecare Inc.’s average trading volume, we note the 10-day average is 2.58 million shares, with the 3-month average coming to 1.98 million.
Analysts gave the Sharecare Inc. (SHCR) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.70. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SHCR as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Sharecare Inc.’s EPS for the current quarter is expected to be -$0.07.
Sharecare Inc. (NASDAQ:SHCR) trade information
Instantly SHCR was in red as seen at the end of in last trading. With action 7.64%, the performance over the past five days has been green. The drop to weekly highs of 1.0300 on Monday, 09/18/23 subtracted -1.23% to the stock’s daily price. The company’s shares are showing year-to-date downside of -40.13%, with the 5-day performance at 7.64% in the green. However, in the 30-day time frame, Sharecare Inc. (NASDAQ:SHCR) is -12.11% down. Looking at the short shares, we see there were 5.6 million shares sold at short interest cover period of 2.11 days.
The consensus price target for the stock as assigned by Wall Street analysts is $3.19, meaning bulls need an upside of 69.91% from its current market value. According to analyst projections, SHCR’s forecast low is $2.00 with $5.00 as the target high. To hit the forecast high, the stock’s price needs a -420.83% plunge from its current level, while the stock would need to soar -108.33% for it to hit the projected low.
Sharecare Inc. (SHCR) estimates and forecasts
Data shows that the Sharecare Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -57.42% over the past 6 months, a 79.41% in annual growth rate that is considerably higher than the industry average of 5.50%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Sharecare Inc. will rise 12.50%, while the growth in revenue is estimated to hit 14.30% for the next quarter. Year-over-year growth is forecast to reach 3.40% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of $113.63 million. 2 analysts are of the opinion that Sharecare Inc.’s revenue for the quarter ending Dec 2023 will be $116.38 million. The company’s revenue for the corresponding quarters a year ago was $114.62 million and $123.26 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.90%. The estimates for the next quarter sales put growth at -5.60%.
The 2023 estimates are for Sharecare Inc. earnings to decrease by -12.70%.
Sharecare Inc. is expected to release its next quarterly earnings report in October.
Sharecare Inc. (NASDAQ:SHCR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.26% of Sharecare Inc. shares while 43.05% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.44%. There are 43.05% institutions holding the Sharecare Inc. stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 6.35% of the shares, roughly 22.68 million SHCR shares worth $39.69 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 4.56% or 16.27 million shares worth $28.47 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 8.87 million shares estimated at $15.53 million under it, the former controlled 2.48% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.97% of the shares, roughly 7.02 million shares worth around $9.76 million.