SelectQuote Inc (NYSE:SLQT) has a beta value of 1.12 and has seen 1.17 million shares traded in the last trading session. The company, currently valued at $537.48M, closed the last trade at $2.86 per share which meant it gained $0.25 on the day or 9.58% during that session. The SLQT stock price is -55.94% off its 52-week high price of $4.46 and 63.99% above the 52-week low of $1.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.91 million shares traded. The 3-month trading volume is 1.49 million shares.
The consensus among analysts is that SelectQuote Inc (SLQT) is Hold stock at the moment, with a recommendation rating of 1.67. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.
SelectQuote Inc (NYSE:SLQT) trade information
Sporting 9.58% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SLQT stock price touched $2.86 or saw a rise of 2.05%. Year-to-date, SelectQuote Inc shares have moved 108.76%, while the 5-day performance has seen it change 16.73%. Over the past 30 days, the shares of SelectQuote Inc (NYSE:SLQT) have changed 50.53%. Short interest in the company has seen 1.88 million shares shorted with days to cover at 1.46.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -43.0% from current levels. The projected low price target is $1.5 while the price target rests at a high of $3.0. In that case, then, we find that the current price level is -4.9% off the targeted high while a plunge would see the stock lose 47.55% from current levels.
SelectQuote Inc (SLQT) estimates and forecasts
Figures show that SelectQuote Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -4.98% over the past 6 months, with this year growth rate of 0.00%, compared to 11.20% for the industry. Revenue growth from the last financial year stood is estimated to be 10.53%.
3 analysts offering their estimates for the company have set an average revenue estimate of 447M for the current quarter. 3 have an estimated revenue figure of 402.33M for the next ending quarter. Year-ago sales stood 405.44M and 376.4M respectively for this quarter and the next, and analysts expect sales will grow by 10.25% for the current quarter and 10.53% for the next.
Earnings growth for 2024 is a modest 0.00% while over the next 5 years, the company’s earnings are expected to decrease by -9.70%.
SLQT Dividends
SelectQuote Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
SelectQuote Inc (NYSE:SLQT)’s Major holders
Insiders own 10.43% of the company shares, while shares held by institutions stand at 48.56% with a share float percentage of 54.21%. Investors are also buoyed by the number of investors in a company, with SelectQuote Inc having a total of 182.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 10.03 million shares worth more than $27.67 million. As of 2024-06-30, BLACKROCK INC. held 5.9307% of shares outstanding.
The other major institutional holder is ABRAMS BISON INVESTMENTS, LLC, with the holding of over 7.91 million shares as of 2024-06-30. The firm’s total holdings are worth over $21.83 million and represent 4.679% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.37% shares in the company for having 4.07 shares of worth $11.65 million while later fund manager owns 3.82 shares of worth $10.91 million as of Sep 30, 2024 , which makes it owner of about 2.22% of company’s outstanding stock.
