During the last session, SelectQuote Inc (NYSE:SLQT)’s traded shares were 0.62 million, with the beta value of the company hitting 1.04. At the end of the trading day, the stock’s price was $2.24, reflecting an intraday gain of 5.16% or $0.11. The 52-week high for the SLQT share is $4.46, that puts it down -99.11 from that peak though still a striking 54.02% gain since the share price plummeted to a 52-week low of $1.03. The company’s market capitalization is $384.09M, and the average intraday trading volume over the past 10 days was 1.14 million shares, and the average trade volume was 1.44 million shares over the past three months.
SelectQuote Inc (SLQT) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.00. SLQT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.18.
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SelectQuote Inc (NYSE:SLQT) trade information
SelectQuote Inc (SLQT) registered a 5.16% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.16% in intraday trading to $2.24, hitting a weekly high. The stock’s 5-day price performance is 5.66%, and it has moved by -37.60% in 30 days. Based on these gigs, the overall price performance for the year is 88.24%. The short interest in SelectQuote Inc (NYSE:SLQT) is 1.52 million shares and it means that shorts have 0.72 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -12.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.5 and $3 respectively. As a result, SLQT is trading at a discount of -33.93% off the target high and 33.04% off the low.
SelectQuote Inc (SLQT) estimates and forecasts
Statistics show that SelectQuote Inc has outperformed its competitors in share price, compared to the industry in which it operates. SelectQuote Inc (SLQT) shares have gone up 30.99% during the last six months, with a year-to-date growth rate more than the industry average at 20.00% against 12.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 5.30% this quarter and then drop -27.30% in the quarter after that. In the rating firms’ projections, revenue will increase 8.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 277.93M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 421.96M by the end of current fiscal year.
While earnings are projected to return 20.00% in 2024, the next five years will return -9.70% per annum.
SLQT Dividends
SelectQuote Inc is due to release its next quarterly earnings on 2024-Oct-31. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
SelectQuote Inc (NYSE:SLQT)’s Major holders
SelectQuote Inc insiders own 10.10% of total outstanding shares while institutional holders control 45.71%, with the float percentage being 50.84%. BLACKROCK INC. is the largest shareholder of the company, while 168.0 institutions own stock in it. As of 2024-06-30, the company held over 10.03 million shares (or 5.9307% of all shares), a total value of $27.67 million in shares.
The next largest institutional holding, with 7.91 million shares, is of ABRAMS BISON INVESTMENTS, LLC’s that is approximately 4.679% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $21.83 million.
