Is a Correction Looming Ahead for SelectQuote Inc. (SLQT) – News Heater
Home  »  Trending   »  Is a Correction Looming Ahead for SelectQuote Inc....

Is a Correction Looming Ahead for SelectQuote Inc. (SLQT)

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

SelectQuote Inc. (NYSE:SLQT) went up by 2.48% from its latest closing price compared to the recent 1-year high of $33.00. The company’s stock price has collected -9.70% of loss in the last five trading sessions. Press Release reported on 11/19/21 that SELECTQUOTE ALERT: Bragar Eagel & Squire, P.C. is Investigating SelectQuote, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Is It Worth Investing in SelectQuote Inc. (NYSE :SLQT) Right Now?

SelectQuote Inc. (NYSE:SLQT) scored a price-to-earnings ratio above its average ratio, recording 18.66 x from its present earnings ratio. Opinions of the stock are interesting as 5 analysts out of 9 who provided ratings for SelectQuote Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


The average price from analysts is $16.33, which is $6.83 above the current price. SLQT currently public float of 115.42M and currently shorts hold a 5.79% ratio of that float. Today, the average trading volume of SLQT was 3.41M shares.

SLQT’s Market Performance

SLQT stocks went down by -9.70% for the week, with a monthly drop of -28.36% and a quarterly performance of 20.41%, while its annual performance rate touched -54.63%. The volatility ratio for the week stands at 7.05% while the volatility levels for the past 30 days are set at 6.77% for SelectQuote Inc.. The simple moving average for the period of the last 20 days is -17.52% for SLQT stocks with a simple moving average of -52.40% for the last 200 days.

Analysts’ Opinion of SLQT

Many brokerage firms have already submitted their reports for SLQT stocks, with Jefferies repeating the rating for SLQT by listing it as a “Hold.” The predicted price for SLQT in the upcoming period, according to Jefferies is $12 based on the research report published on November 19th of the current year 2021.

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see SLQT reach a price target of $13, previously predicting the price at $33. The rating they have provided for SLQT stocks is “Sector Perform” according to the report published on August 26th, 2021.

Keefe Bruyette gave a rating of “Mkt Perform” to SLQT, setting the target price at $13.50 in the report published on August 26th of the current year.

SLQT Trading at -24.51% from the 50-Day Moving Average

After a stumble in the market that brought SLQT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -71.21% of loss for the given period.

Volatility was left at 6.77%, however, over the last 30 days, the volatility rate increased by 7.05%, as shares sank -26.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.43% lower at present.

During the last 5 trading sessions, SLQT fell by -9.70%, which changed the moving average for the period of 200-days by -64.71% in comparison to the 20-day moving average, which settled at $11.35. In addition, SelectQuote Inc. saw -54.22% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SLQT starting from Hawks Donald L III, who purchase 9,000 shares at the price of $13.28 back on Sep 13. After this action, Hawks Donald L III now owns 50,000 shares of SelectQuote Inc., valued at $119,524 using the latest closing price.

GRANT W THOMAS II, the Director of SelectQuote Inc., purchase 61,533 shares at $13.00 during a trade that took place back on Sep 10, which means that GRANT W THOMAS II is holding 839,277 shares at $799,929 based on the most recent closing price.

Stock Fundamentals for SLQT

Equity return is now at value 13.00, with 6.10 for asset returns.

>> 7 Top Picks for the Post-Pandemic Economy <<

Sign up for our FREE Newsletter and get:

Leave a Comment

Your email address will not be published. Required fields are marked *

Sign up for our FREE Newsletter and get:

A Lesson to Learn: Deere & Company (DE)

Deere & Company (NYSE:DE) went up by 2.66% from its latest closing price compared to the recent 1-year high of $400.34. The company’s stock price

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

Heading

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam