SelectQuote Inc (NYSE: SLQT) Shares Could Gain Up To 9.37%

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In the last trading session, 1.2 million shares of the SelectQuote Inc (NYSE:SLQT) were traded, and its beta was 1.10. Most recently the company’s share price was $3.31, and it changed around -$0.36 or -9.81% from the last close, which brings the market valuation of the company to $559.92M. SLQT currently trades at a discount to its 52-week high of $4.46, offering almost -34.74% off that amount. The share price’s 52-week low was $1.03, which indicates that the current value has risen by an impressive 68.88% since then. We note from SelectQuote Inc’s average daily trading volume that its 10-day average is 1.38 million shares, with the 3-month average coming to 997.09K.

SelectQuote Inc (NYSE:SLQT) trade information

Instantly SLQT has showed a red trend with a performance of -9.81% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.30 on recent trading dayincreased the stock’s daily price by 23.02%. The company’s shares are currently up 141.61% year-to-date, but still down -19.07% over the last five days. On the other hand, SelectQuote Inc (NYSE:SLQT) is 11.82% up in the 30-day period. We can see from the shorts that 0.76 million shares have been sold at a short interest cover period of 0.92 day(s).

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The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -65.5% from its current value. Analyst projections state that SLQT is forecast to be at a low of $1.5 and a high of $3.

SelectQuote Inc (SLQT) estimates and forecasts

SelectQuote Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 192.92 percent over the past six months and at a 27.59% annual growth rate that is well above the industry average of 11.00%.

SelectQuote Inc earnings are expected to increase by 50.00% in 2024, but the outlook is negative -9.70% per year for the next five years.

SelectQuote Inc (NYSE:SLQT)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 10.24% of SelectQuote Inc shares, and 45.70% of them are in the hands of institutional investors. The stock currently has a share float of 50.91%. SelectQuote Inc stock is held by 172.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-03-31, it held 6.0205% of the shares, which is about 10.14 million shares worth $20.27 million.

ABRAMS BISON INVESTMENTS, LLC, with 4.699% or 7.91 million shares worth $15.82 million as of 2024-03-31, holds the second largest percentage of outstanding shares.