Boom Or Bust: What Are SelectQuote Inc’s (NYSE:SLQT) Future Prospects?

SelectQuote Inc (NYSE:SLQT)’s traded shares stood at 1.23 million during the last session, with the company’s beta value hitting 1.10. At the close of trading, the stock’s price was $3.59, to imply an increase of 2.28% or $0.08 in intraday trading. The SLQT share’s 52-week high remains $4.46, putting it -24.23% down since that peak but still an impressive 71.31% since price per share fell to its 52-week low of $1.03. The company has a valuation of $607.28M, with an average of 0.86 million shares in intraday trading volume over the past 10 days and average of 971.01K shares over the past 3 months.

Analysts have given a consensus recommendation of Hold for SelectQuote Inc (SLQT), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give SLQT a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.15.

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SelectQuote Inc (NYSE:SLQT) trade information

After registering a 2.28% upside in the last session, SelectQuote Inc (SLQT) has traded red over the past five days. The 5-day price performance for the stock is 4.06%, and 14.70% over 30 days. With these gigs, the year-to-date price performance is 162.04%. Short interest in SelectQuote Inc (NYSE:SLQT) saw shorts transact 1.44 million shares and set a 1.48 days time to cover.

The extremes give us $1.5 and $3 for target low and target high price respectively. As such, SLQT has been trading 16.43% off suggested target high and 58.22% from its likely low.

SelectQuote Inc (SLQT) estimates and forecasts

Revenue is forecast to grow 48.30% this quarter before jumping 21.10% for the next one. The rating firms project that company’s revenue will grow 28.40% compared to the previous financial year.

Revenue forecast for the current quarter as set by 2 analysts is 272.95M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 267.45M.Earnings reports from the last fiscal year show that sales brought in 221.78M and 203.5M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 23.10% before jumping 31.40% in the following quarter.

SLQT Dividends

SelectQuote Inc has its next earnings report out in October. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

SelectQuote Inc (NYSE:SLQT)’s Major holders

SelectQuote Inc insiders hold 10.73% of total outstanding shares, with institutional holders owning 46.50% of the shares at 52.09% float percentage. In total, 46.50% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 10.03 million shares (or 5.9307% of shares), all amounting to roughly $27.67 million.

The next major institution holding the largest number of shares is ABRAMS BISON INVESTMENTS, LLC with 7.91 million shares, or about 4.679% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $21.83 million.