SelectQuote Inc (SLQT) Stock: Evaluating the Market Performance

Moreover, the 36-month beta value for SLQT is 1.09. Analysts have varying opinions 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 133.90M and currently, short sellers hold a 0.37% of that float. On July 10, 2024, SLQT’s average trading volume was 755.63K shares.

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SLQT) stock’s latest price update

SelectQuote Inc (NYSE: SLQT)’s stock price has soared by 7.04 in relation to previous closing price of 3.10. Nevertheless, the company has seen a gain of 5.34% in its stock price over the last five trading days. investorplace.com reported 2024-07-09 that Finding promising, affordable stocks can yield substantial returns while making investments. Here, the focus is on three bargain stocks under $15, poised for considerable growth by 2026.

SLQT’s Market Performance

SLQT’s stock has risen by 5.34% in the past week, with a monthly rise of 17.25% and a quarterly rise of 72.82%. The volatility ratio for the week is 6.36% while the volatility levels for the last 30 days are 6.03% for SelectQuote Inc. The simple moving average for the past 20 days is 15.92% for SLQT’s stock, with a 88.71% 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 21.91% 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 -1.10% of loss for the given period.

Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 6.36%, as shares surge +15.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +103.05% upper at present.

During the last 5 trading sessions, SLQT rose by +3.78%, which changed the moving average for the period of 200-days by +165.78% in comparison to the 20-day moving average, which settled at $2.88. In addition, SelectQuote Inc saw 142.20% 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
  • 0.52 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 -13.80, with -4.02 for asset returns.

Based on SelectQuote Inc (SLQT), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 1.99. 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 12.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.0. The receivables turnover for the company is 3.84for trailing twelve months and the total asset turnover is 0.99. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.

Conclusion

To wrap up, the performance of SelectQuote Inc (SLQT) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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