In the last trading session, 1.38 million shares of the SelectQuote Inc (NYSE:SLQT) were traded, and its beta was 1.07. Most recently the company’s share price was $4.11, and it changed around -$0.05 or -1.20% from the last close, which brings the market valuation of the company to $695.25M. SLQT currently trades at a discount to its 52-week high of $4.46, offering almost -8.52% off that amount. The share price’s 52-week low was $1.03, which indicates that the current value has risen by an impressive 74.94% since then. We note from SelectQuote Inc’s average daily trading volume that its 10-day average is 0.96 million shares, with the 3-month average coming to 957.93K.
SelectQuote Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended SLQT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. SelectQuote Inc is expected to report earnings per share of -0.15 for the current quarter.
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SelectQuote Inc (NYSE:SLQT) trade information
Instantly SLQT has showed a red trend with a performance of -1.20% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.34 on recent trading dayincreased the stock’s daily price by 5.3%. The company’s shares are currently up 200.00% year-to-date, but still up 22.69% over the last five days. On the other hand, SelectQuote Inc (NYSE:SLQT) is 0.49% up in the 30-day period. We can see from the shorts that 0.7 million shares have been sold at a short interest cover period of 0.58 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -105.5% 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 137.57 percent over the past six months and at a 27.59% annual growth rate that is well above the industry average of 11.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 48.30% in revenue this quarter, and will report an increase of 21.10% in the next quarter. The year-over-year growth rate is expected to be 28.40%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 272.95M in revenue for the current quarter. 2 analysts expect SelectQuote Inc to make 267.45M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 221.78M and 203.5M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.10%. Forecasts for the next quarter put sales growth at 31.40%.
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.
SLQT Dividends
SelectQuote Inc’s next quarterly earnings report is expected to be released in September.
SelectQuote Inc (NYSE:SLQT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.73% of SelectQuote Inc shares, and 46.46% of them are in the hands of institutional investors. The stock currently has a share float of 52.04%. SelectQuote Inc stock is held by 172.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.9307% of the shares, which is about 10.03 million shares worth $27.67 million.
ABRAMS BISON INVESTMENTS, LLC, with 4.679% or 7.91 million shares worth $21.83 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
