SelectQuote Inc. [NYSE: SLQT] stock went on a downward path that fall over -1.89% on Wednesday, amounting to a one-week price increase of more than 4.97%. The company report on June 8, 2021 that SelectQuote Set to Join S&P SmallCap 600.
SelectQuote Inc. (NYSE:SLQT) will replace Cooper Tire & Rubber Co. (NYSE:CTB) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 10. S&P MidCap 400 constituent The Goodyear Tire & Rubber Co. (NASDAQ: GT) has acquired Cooper Tire & Rubber Company in a deal that was completed.
Following is a summary of the change that will take place prior to the open of trading on the effective date:.
Over the last 12 months, SLQT stock dropped by -21.00%. The one-year SelectQuote Inc. stock forecast points to a potential upside of 37.08. The average equity rating for SLQT stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.49 billion, with 163.02 million shares outstanding and 103.45 million shares in the current float. Compared to the average trading volume of 1.55M shares, SLQT stock reached a trading volume of 10210676 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on SelectQuote Inc. [SLQT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLQT shares is $33.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLQT stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for SelectQuote Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 06, 2021. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on March 25, 2021, representing the official price target for SelectQuote Inc. stock. Previously, the target price had yet another raise to $32, while RBC Capital Mkts analysts kept a Outperform rating on SLQT stock.
The Average True Range (ATR) for SelectQuote Inc. is set at 1.10, with the Price to Sales ratio for SLQT stock in the period of the last 12 months amounting to 3.92. The Price to Book ratio for the last quarter was 5.19, with the Price to Cash per share for the same quarter was set at 2.26.
SLQT Stock Performance Analysis:
SelectQuote Inc. [SLQT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.97. With this latest performance, SLQT shares dropped by -23.90% in over the last four-week period, additionally sinking by -9.77% over the last 6 months – not to mention a drop of -21.00% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLQT stock in for the last two-week period is set at 40.25, with the RSI for the last a single of trading hit 47.95, and the three-weeks RSI is set at 38.79 for SelectQuote Inc. [SLQT]. The present Moving Average for the last 50 days of trading for this stock 26.54, while it was recorded at 20.44 for the last single week of trading, and 23.65 for the last 200 days.
Insight into SelectQuote Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and SelectQuote Inc. [SLQT] shares currently have an operating margin of +25.08 and a Gross Margin at +68.51. SelectQuote Inc.’s Net Margin is presently recorded at +15.27.
Return on Total Capital for SLQT is now 23.26, given the latest momentum, and Return on Invested Capital for the company is 14.20. Return on Equity for this stock inclined to 20.06, with Return on Assets sitting at 10.46. When it comes to the capital structure of this company, SelectQuote Inc. [SLQT] has a Total Debt to Total Equity ratio set at 57.16. Additionally, SLQT Total Debt to Total Capital is recorded at 36.37, with Total Debt to Total Assets ending up at 27.65. Long-Term Debt to Equity for the company is recorded at 57.15, with the Long-Term Debt to Total Capital now at 36.37.
Reflecting on the efficiency of the workforce at the company, SelectQuote Inc. [SLQT] managed to generate an average of $42,709 per employee. Receivables Turnover for the company is 4.56 with a Total Asset Turnover recorded at a value of 0.69.SelectQuote Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.10 and a Current Ratio set at 5.10.
SLQT Stock EPS
With the latest financial reports released by the company, SelectQuote Inc. posted 0.13/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 333.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLQT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SelectQuote Inc. go to 36.56%.
SelectQuote Inc. [SLQT] Insider Position Details
There are presently around $2,384 million, or 69.90% of SLQT stock, in the hands of institutional investors. The top three institutional holders of SLQT stocks are: BROOKSIDE EQUITY PARTNERS LLC with ownership of 17,678,757, which is approximately -21.372% of the company’s market cap and around 14.40% of the total institutional ownership; VANGUARD GROUP INC, holding 10,615,278 shares of the stock with an approximate value of $226.42 million in SLQT stocks shares; and BLACKROCK INC., currently with $180.39 million in SLQT stock with ownership of nearly 142.13% of the company’s market capitalization.
Positions in SelectQuote Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 123 institutional holders increased their position in SelectQuote Inc. [NYSE:SLQT] by around 34,516,973 shares. Additionally, 62 investors decreased positions by around 20,748,392 shares, while 10 investors held positions by with 56,514,915 shares. The mentioned changes placed institutional holdings at 111,780,280 shares, according to the latest SEC report filing. SLQT stock had 54 new institutional investments in for a total of 7,345,367 shares, while 27 institutional investors sold positions of 8,040,266 shares during the same period.