SelectQuote Inc [NYSE: SLQT] stock went on an upward path that rose over 30.82% on Tuesday, amounting to a one-week price increase of more than 31.12%.
Over the last 12 months, SLQT stock rose by 385.59%. The one-year SelectQuote Inc stock forecast points to a potential upside of 14.09. The average equity rating for SLQT stock is currently 1.67, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $982.72 million, with 172.13 million shares outstanding and 135.32 million shares in the current float. Compared to the average trading volume of 1.06M shares, SLQT stock reached a trading volume of 29145562 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 $6.67 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 1.67. 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.
Craig Hallum have made an estimate for SelectQuote Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 30, 2024. While these analysts kept the previous recommendation, Noble Capital Markets raised their target price to Outperform. The new note on the price target was released on February 29, 2024, representing the official price target for SelectQuote Inc stock. Previously, the target price had yet another raise to $4, while Credit Suisse analysts kept a Neutral rating on SLQT stock. On February 08, 2022, analysts decreased their price target for SLQT shares from 13 to 3.
The Average True Range (ATR) for SelectQuote Inc is set at 0.43, with the Price to Sales ratio for SLQT stock in the period of the last 12 months amounting to 0.67. The Price to Book ratio for the last quarter was 3.03, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for SLQT in the course of the last twelve months was 75.02 with Quick ratio for the last quarter at 1.92.
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 31.12. With this latest performance, SLQT shares gained by 43.97% in over the last four-week period, additionally plugging by 83.07% over the last 6 months – not to mention a rise of 385.59% 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 77.61, with the RSI for the last a single of trading hit 81.85, and the three-weeks RSI is set at 74.74 for SelectQuote Inc [SLQT]. The present Moving Average for the last 50 days of trading for this stock 3.74, while it was recorded at 4.70 for the last single week of trading, and 3.04 for the last 200 days.
Insight into SelectQuote Inc Fundamentals:
SelectQuote Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.92 and a Current Ratio set at 1.92.
SelectQuote Inc [SLQT] Institutonal Ownership Details
There are presently around $48.02%, or 53.62%% 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%.
