SelectQuote Inc (NYSE: SLQT) has experienced a rise in its stock price by 4.23 compared to its previous closing price of 1.89. However, the company has seen a gain of 2.60% in its stock price over the last five trading days. InvestorPlace reported 2024-03-28 that We all want to find those elusive hypergrowth stocks that can deliver eye-popping returns year after year. Who wouldn’t love doubling their money on an annual basis?
Is It Worth Investing in SelectQuote Inc (NYSE: SLQT) Right Now?
SLQT has 36-month beta value of 0.70. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SLQT is 133.75M, and currently, short sellers hold a 0.63% ratio of that float. The average trading volume of SLQT on April 05, 2024 was 800.60K shares.
SLQT’s Market Performance
The stock of SelectQuote Inc (SLQT) has seen a 2.60% increase in the past week, with a 8.24% rise in the past month, and a 53.91% gain in the past quarter. The volatility ratio for the week is 7.06%, and the volatility levels for the past 30 days are at 7.95% for SLQT. The simple moving average for the past 20 days is 8.93% for SLQT’s stock, with a 35.12% simple moving average for the past 200 days.
Analysts’ Opinion of SLQT
Many brokerage firms have already submitted their reports for SLQT stocks, with Noble Capital Markets repeating the rating for SLQT by listing it as a “Outperform.” The predicted price for SLQT in the upcoming period, according to Noble Capital Markets is $5 based on the research report published on February 29, 2024 of the current year 2024.
Credit Suisse, on the other hand, stated in their research note that they expect to see SLQT reach a price target of $4. The rating they have provided for SLQT stocks is “Neutral” according to the report published on April 01st, 2022.
RBC Capital Mkts gave a rating of “Sector Perform” to SLQT, setting the target price at $3 in the report published on February 08th of the previous year.
SLQT Trading at 23.02% 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 -17.75% of loss for the given period.
Volatility was left at 7.95%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares surge +5.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +72.81% upper at present.
During the last 5 trading sessions, SLQT rose by +2.60%, which changed the moving average for the period of 200-days by +13.87% in comparison to the 20-day moving average, which settled at $1.8135. In addition, SelectQuote Inc saw 43.80% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLQT starting from Matthews Joshua Brandon, who purchase 97,500 shares at the price of $1.16 back on Sep 18 ’23. After this action, Matthews Joshua Brandon now owns 400,937 shares of SelectQuote Inc, valued at $113,295 using the latest closing price.
GRANT W THOMAS II, the Director of SelectQuote Inc, purchase 220,100 shares at $1.17 during a trade that took place back on Sep 15 ’23, which means that GRANT W THOMAS II is holding 220,100 shares at $256,637 based on the most recent closing price.
Stock Fundamentals for SLQT
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.53 for the gross margin
The net margin for SelectQuote Inc stands at -0.04. The total capital return value is set at 0.03. Equity return is now at value -13.99, with -3.96 for asset returns.
Based on SelectQuote Inc (SLQT), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 2.15. The interest coverage ratio of the stock is 0.68.
Currently, EBITDA for the company is 39.34 million with net debt to EBITDA at 14.11. When we switch over and look at the enterprise to sales, we see a ratio of 0.9. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 0.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.11.
Conclusion
To put it simply, SelectQuote Inc (SLQT) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
