SelectQuote Inc [SLQT] stock Initiated by Noble Capital Markets analyst, price target now $5

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SelectQuote Inc [NYSE: SLQT] closed the trading session at $2.02.

The stocks have a year to date performance of 47.45 percent and weekly performance of -38.23 percent. The stock has been moved at 20.96 percent over the last six months. The stock has performed -38.79 percent around the most recent 30 days and changed -27.08 percent over the most recent 3-months.

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If compared to the average trading volume of 980.24K shares, SLQT reached to a volume of 12831163 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $4.50 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 2.00. 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.

Noble Capital Markets have made an estimate for SelectQuote Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 29, 2024. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on April 01, 2022, representing the official price target for SelectQuote Inc stock. Previously, the target price had yet another drop from $13 to $3, while RBC Capital Mkts kept a Sector Perform rating on SLQT stock. On February 08, 2022, analysts decreased their price target for SLQT shares from 9 to 5.

The Average True Range (ATR) for SelectQuote Inc is set at 0.37, with the Price to Sales ratio for SLQT stock in the period of the last 12 months amounting to 0.26. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.25. Price to Free Cash Flow for SLQT in the course of the last twelve months was 33.11 with Quick ratio for the last quarter at 1.86.

SLQT stock trade performance evaluation

SelectQuote Inc [SLQT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.23. With this latest performance, SLQT shares dropped by -38.79% in over the last four-week period, additionally plugging by 20.96% over the last 6 months – not to mention a rise of 77.19% 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 27.58, with the RSI for the last a single of trading hit 21.14, and the three-weeks RSI is set at 32.56 for SelectQuote Inc [SLQT]. The present Moving Average for the last 50 days of trading for this stock 3.57, while it was recorded at 3.16 for the last single week of trading, and 2.31 for the last 200 days.

SelectQuote Inc [SLQT]: An insightful look at the core fundamentals

SelectQuote Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.86 and a Current Ratio set at 1.91.

Earnings per share (EPS) analysis for SelectQuote Inc [SLQT] stock

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 -9.70%.

SelectQuote Inc [SLQT]: Institutional Ownership

There are presently around $46.50%, or 52.09%% of SLQT stock, in the hands of institutional investors. The top three institutional holders of SLQT stocks are: BLACKROCK INC. with ownership of 10.03 million shares, which is approximately 5.9307%. ABRAMS BISON INVESTMENTS, LLC, holding 7.91 million shares of the stock with an approximate value of $$21.83 million in SLQT stocks shares; and ABRAMS BISON INVESTMENTS, LLC, currently with $$19.25 million in SLQT stock with ownership which is approximately 4.1251%.

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