SelectQuote Inc (NYSE: SLQT) Could Post Excellent Profits?

In the last trading session, 1.96 million shares of the SelectQuote Inc (NYSE:SLQT) were traded, and its beta was 1.14. Most recently the company’s share price was $4.02, and it changed around -$0.25 or -5.85% from the last close, which brings the market valuation of the company to $692.02M. SLQT currently trades at a discount to its 52-week high of $6.86, offering almost -70.65% off that amount. The share price’s 52-week low was $1.48, which indicates that the current value has risen by an impressive 63.18% since then.

SelectQuote Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended SLQT as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. SelectQuote Inc is expected to report earnings per share of 0 for the current quarter.

SelectQuote Inc (NYSE:SLQT) trade information

Instantly SLQT has showed a red trend with a performance of -5.85% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 4.88 on recent trading dayincreased the stock’s daily price by 17.62%. The company’s shares are currently up 8.06% year-to-date, but still down -6.73% over the last five days. On the other hand, SelectQuote Inc (NYSE:SLQT) is -6.73% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -101.0% from its current value. Analyst projections state that SLQT is forecast to be at a low of $1.5 and a high of $3.

SelectQuote Inc (SLQT) estimates and forecasts

The year-over-year growth rate is expected to be 15.57%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 412.83M in revenue for the current quarter. 3 analysts expect SelectQuote Inc to make 341.42M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 376.4M and 307.21M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 9.68%. Forecasts for the next quarter put sales growth at 11.14%.

SLQT Dividends

SelectQuote Inc’s next quarterly earnings report is expected to be released in April.

ABRAMS BISON INVESTMENTS, LLC, with 4.6943% or 7.91 million shares worth $21.83 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024 . The former held 4.07 shares worth $16.37 million, making up 2.37% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.93 shares worth around $15.79 million, which represents about 2.28% of the total shares outstanding.