In the last trading session, 1.07 million SelectQuote Inc (NYSE:SLQT) shares changed hands as the company’s beta touched 1.12. With the company’s per share price at $3.65 changed hands at -$0.19 or -4.95% during last session, the market valuation stood at $625.99M. SLQT’s last price was a discount, traded about -24.66% off its 52-week high of $4.55. The share price had its 52-week low at $1.03, which suggests the last value was 71.78% up since then. When we look at SelectQuote Inc’s average trading volume, we note the 10-day average is 1.48 million shares, with the 3-month average coming to 1.16 million.
Analysts gave the SelectQuote Inc (SLQT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended SLQT as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. SelectQuote Inc’s EPS for the current quarter is expected to be 0.
SelectQuote Inc (NYSE:SLQT) trade information
Instantly SLQT was in red as seen at the end of in last trading. With action -11.41%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -1.88%, with the 5-day performance at -11.41% in the red. However, in the 30-day time frame, SelectQuote Inc (NYSE:SLQT) is 25.00% up. Looking at the short shares, we see there were 2.31 million shares sold at short interest cover period of 2.3 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2, meaning bulls need a downside of -82.5% from its current market value. According to analyst projections, SLQT’s forecast low is 1.5 with 3 as the target high. To hit the forecast high, the stock’s price needs a 17.81% surge from its current level, while the stock would need to tank 58.9% for it to hit the projected low.
SelectQuote Inc (SLQT) estimates and forecasts
Data shows that the SelectQuote 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 2.82% over the past 6 months, a 0.00% in annual growth rate that is considerably lower than the industry average of 9.80%. Year-over-year growth is forecast to reach 10.53% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 447M. 3 analysts are of the opinion that SelectQuote Inc’s revenue for the current quarter will be 402.33M. The company’s revenue for the corresponding quarters a year ago was 405.44M and 376.4M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 10.25%. The estimates for the next quarter sales put growth at 6.89%.
SLQT Dividends
SelectQuote Inc is expected to release its next quarterly earnings report in February.
SelectQuote Inc (NYSE:SLQT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 10.43% of SelectQuote Inc shares while 48.52% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 54.17%. There are 48.52% institutions holding the SelectQuote Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.9307% of the shares, roughly 10.03 million SLQT shares worth $27.67 million.
ABRAMS BISON INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 4.679% or 7.91 million shares worth $21.83 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . With 4.07 shares estimated at $14.86 million under it, the former controlled 2.37% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.20% of the shares, roughly 3.77 shares worth around $13.78 million.
