In the latest trading session, 3.06 million Sharecare Inc (NASDAQ:SHCR) shares changed hands as the company’s beta touched 0.51. With the company’s most recent per share price at $1.43 changing hands around $0.0 or -0.35% at last look, the market valuation stands at $531.79M. SHCR’s current price is a discount, trading about -0.7% off its 52-week high of $1.44. The share price had its 52-week low at $0.48, which suggests the last value was 66.43% up since then. When we look at Sharecare Inc’s average trading volume, we note the 10-day average is 3.65 million shares, with the 3-month average coming to 2.06 million.
Analysts gave the Sharecare Inc (SHCR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SHCR as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Sharecare Inc’s EPS for the current quarter is expected to be -0.08.
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Sharecare Inc (NASDAQ:SHCR) trade information
However, in the 30-day time frame, Sharecare Inc (NASDAQ:SHCR) is 0.70% up. Looking at the short shares, we see there were 3.65 million shares sold at short interest cover period of 2.88 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3, meaning bulls need an upside of 52.33% from its recent market value. According to analyst projections, SHCR’s forecast low is 1.43 with 5 as the target high. To hit the forecast high, the stock’s price needs a -249.65% plunge from its current level, while the stock would need to tank 0.0% for it to hit the projected low.
Sharecare Inc (SHCR) estimates and forecasts
Data shows that the Sharecare Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 105.11% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 7.30%. Year-over-year growth is forecast to reach -11.30% down 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 106.9M. 1 analysts are of the opinion that Sharecare Inc’s revenue for the current quarter will be 109.7M. The company’s revenue for the corresponding quarters a year ago was 113.33M and 105.28M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -5.70%. The estimates for the next quarter sales put growth at 4.20%.
The 2024 estimates are for Sharecare Inc earnings to decrease by -165.00%.
SHCR Dividends
Sharecare Inc is expected to release its next quarterly earnings report on 2024-Nov-07.
Sharecare Inc (NASDAQ:SHCR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 6.29% of Sharecare Inc shares while 45.83% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 48.90%. There are 45.83% institutions holding the Sharecare Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 4.325% of the shares, roughly 15.32 million SHCR shares worth $20.68 million.
BERYL CAPITAL MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 3.2984% or 11.68 million shares worth $15.77 million as of 2024-06-30.
