The stock of Sharecare Inc (NASDAQ: SHCR) has increased by 0.35 when compared to last closing price of 1.42. Despite this, the company has experienced a -0.35% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-09-26 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sharecare, Inc. (NasdaqGS: SHCR) to an affiliate of Altaris, LLC. Under the terms of the proposed transaction, shareholders of Sharecare will receive $1.43 in cash for each share of Sharecare that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or w.
Is It Worth Investing in Sharecare Inc (NASDAQ: SHCR) Right Now?
SHCR has 36-month beta value of 0.51. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for SHCR is 308.38M, and currently, short sellers hold a 1.19% ratio of that float. The average trading volume of SHCR on October 14, 2024 was 1.70M shares.
SHCR’s Market Performance
The stock of Sharecare Inc (SHCR) has seen a -0.35% decrease in the past week, with a 1.79% rise in the past month, and a 3.26% gain in the past quarter. The volatility ratio for the week is 0.70%, and the volatility levels for the past 30 days are at 0.71% for SHCR. The simple moving average for the past 20 days is 0.46% for SHCR’s stock, with a 30.70% simple moving average for the past 200 days.
Analysts’ Opinion of SHCR
Morgan Stanley, on the other hand, stated in their research note that they expect to see SHCR reach a price target of $2.50. The rating they have provided for SHCR stocks is “Equal-Weight” according to the report published on July 20th, 2022.
Goldman gave a rating of “Neutral” to SHCR, setting the target price at $4.50 in the report published on February 11th of the previous year.
SHCR Trading at 1.77% from the 50-Day Moving Average
After a stumble in the market that brought SHCR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.35% of loss for the given period.
Volatility was left at 0.71%, however, over the last 30 days, the volatility rate increased by 0.70%, as shares surge +1.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.00% upper at present.
During the last 5 trading sessions, SHCR remain unchanged, which changed the moving average for the period of 200-days by +36.19% in comparison to the 20-day moving average, which settled at $1.4187. In addition, Sharecare Inc saw 31.94% 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 SHCR starting from ARNOLD JEFFREY T, who sale 177,085 shares at the price of $1.38 back on Aug 16 ’24. After this action, ARNOLD JEFFREY T now owns 4,790,406 shares of Sharecare Inc, valued at $244,501 using the latest closing price.
Jeffrey Arnold, the affiliate of Sharecare Inc, proposed sale 177,085 shares at $1.38 during a trade that took place back on Aug 16 ’24, which means that Jeffrey Arnold is holding shares at $244,498 based on the most recent closing price.
Stock Fundamentals for SHCR
Current profitability levels for the company are sitting at:
- -0.29 for the present operating margin
- 0.32 for the gross margin
The net margin for Sharecare Inc stands at -0.34. The total capital return value is set at -0.27. Equity return is now at value -28.09, with -22.35 for asset returns.
Based on Sharecare Inc (SHCR), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -10.49. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -84.54.
Currently, EBITDA for the company is -35.27 million with net debt to EBITDA at 1.6. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 3.03for trailing twelve months and the total asset turnover is 0.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To put it simply, Sharecare Inc (SHCR) 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.
