In the latest trading session, 1.66 million SelectQuote Inc. (NYSE:SLQT) shares changed hands as the company’s beta touched 0.52. With the company’s most recent per share price at $1.23 changing hands around $0.1 or 8.85% at last look, the market valuation stands at $189.65M. SLQT’s current price is a discount, trading about -139.02% off its 52-week high of $2.94. The share price had its 52-week low at $0.51, which suggests the last value was 58.54% up since then. When we look at SelectQuote Inc.’s average trading volume, we note the 10-day average is 1.37 million shares, with the 3-month average coming to 788.03K.
Analysts gave the SelectQuote Inc. (SLQT) stock a consensus recommendation rating of a Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SLQT as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. SelectQuote Inc.’s EPS for the current quarter is expected to be -$0.26.
SelectQuote Inc. (NYSE:SLQT) trade information
Instantly SLQT is in green as seen in intraday trades today. With action -9.56%, the performance over the past five days has been red. The jump to weekly highs of 1.4899 on Monday, 09/18/23 added 8.85% to the stock’s daily price. The company’s shares are showing year-to-date upside of 83.06%, with the 5-day performance at -9.56% in the red. However, in the 30-day time frame, SelectQuote Inc. (NYSE:SLQT) is -6.82% down. Looking at the short shares, we see there were 1.84 million shares sold at short interest cover period of 2.85 days.
The consensus price target for the stock as assigned by Wall Street analysts is $2.38, meaning bulls need an upside of 48.32% from its recent market value. According to analyst projections, SLQT’s forecast low is $1.75 with $3.00 as the target high. To hit the forecast high, the stock’s price needs a -143.9% plunge from its current level, while the stock would need to soar -42.28% for it to hit the projected low.
SelectQuote Inc. (SLQT) estimates and forecasts
Year-over-year growth is forecast to reach 9.80% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of $203.5 million. 1 analysts are of the opinion that SelectQuote Inc.’s revenue for the quarter ending Dec 2023 will be $375.7 million. The company’s revenue for the corresponding quarters a year ago was $144.48 million. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 40.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -35.50%. The 2023 estimates are for SelectQuote Inc. earnings to increase by 80.60%, but the outlook for the next 5-year period is at -9.70% per year.
SelectQuote Inc. is expected to release its next quarterly earnings report between November 01 and November 06.
SelectQuote Inc. (NYSE:SLQT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.56% of SelectQuote Inc. shares while 52.15% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.64%. There are 52.15% institutions holding the SelectQuote Inc. stock share, with Brookside Equity Partners, LLC the top institutional holder. As of Jun 29, 2023, the company held 10.54% of the shares, roughly 17.68 million SLQT shares worth $21.92 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 6.02% or 10.09 million shares worth $12.51 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 4.32 million shares estimated at $5.36 million under it, the former controlled 2.58% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.91% of the shares, roughly 3.2 million shares worth around $3.97 million.