SelectQuote Inc (NYSE:SLQT) Could Experience 98.90% Growth

In last trading session, SelectQuote Inc (NYSE:SLQT) saw 1.66 million shares changing hands with its beta currently measuring 1.24. Company’s recent per share price level of $3.62 trading at $0.17 or 4.93% at ring of the bell on the day assigns it a market valuation of $623.16M. That closing price of SLQT’s stock is at a discount of -89.5% from its 52-week high price of $6.86 and is indicating a premium of 59.12% from its 52-week low price of $1.48. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.87 million shares which gives us an average trading volume of 2.03 million if we extend that period to 3-months.

For SelectQuote Inc (SLQT), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 1.67. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0 in the current quarter.

SelectQuote Inc (NYSE:SLQT) trade information

Upright in the green during last session for gaining 4.93%, in the last five days SLQT remained trading in the red while hitting it’s week-highest on Thursday, 03/06/25 when the stock touched $3.62 price level, adding 6.94% to its value on the day. SelectQuote Inc’s shares saw a change of -2.69% in year-to-date performance and have moved -9.05% in past 5-day. SelectQuote Inc (NYSE:SLQT) showed a performance of -17.35% in past 30-days. Number of shares sold short was 2.18 million shares which calculate 0.71 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2 to the stock, which implies a fall of -81.0% to its current value. Analysts have been projecting 1.5 as a low price target for the stock while placing it at a high target of 3. It follows that stock’s current price would jump 58.56% in reaching the projected high whereas dropping to the targeted low would mean a gain of 58.56% for stock’s current value.

SelectQuote Inc (SLQT) estimates and forecasts

This year revenue growth is estimated to rise 15.57% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 412.83M for the same. And 3 analysts are in estimates of company making revenue of 341.42M in the next quarter. Company posted 376.4M and 307.21M of sales in current and next quarters respectively a year earlier.

SelectQuote Inc (NYSE:SLQT)’s Major holders

Insiders are in possession of 10.51% of company’s total shares while institution are holding 48.19 percent of that, with stock having share float percentage of 53.84%. Investors also watch the number of corporate investors in a company very closely, which is 48.19% institutions for SelectQuote Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at SLQT for having 10.03 million shares of worth $27.67 million. And as of 2024-06-30, it was holding 5.9307 of the company’s outstanding shares.

The second largest institutional holder is ABRAMS BISON INVESTMENTS, LLC, which was holding about 7.91 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6943 of outstanding shares, having a total worth of $21.83 million.