At the time of writing, SelectQuote Inc [SLQT] stock is trading at $2.00, up 4.17%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SLQT shares have gain 8.70% over the last week, with a monthly amount glided 12.36%, and seem to be holding up well over a long-time horizon.
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On 7, February 2024, SelectQuote, Inc. Reports Second Quarter 2024 Results. In a post published today on Yahoo Finance, Second Quarter of Fiscal Year 2024 – Consolidated Earnings Highlights.
From an analyst’s perspective:
SelectQuote Inc [NYSE: SLQT] stock has seen the most recent analyst activity on February 29, 2024, when Noble Capital Markets initiated its Outperform rating and assigned the stock a price target of $5. On February 08, 2022, RBC Capital Mkts reiterated its Sector Perform rating and revised its price target to $3 on the stock. Barclays reiterated its Equal Weight rating and decreased its price target to $5 on February 08, 2022. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $4 on February 08, 2022. Credit Suisse downgraded its rating to Neutral for this stock on February 08, 2022, and downed its price target to $4. In a note dated February 08, 2022, Citigroup downgraded an Neutral rating on this stock and revised its target price from $14 to $4.
For the past year, the stock price of SelectQuote Inc fluctuated between $0.86 and $2.39. Currently, Wall Street analysts expect the stock to reach $2.17 within the next 12 months. SelectQuote Inc [NYSE: SLQT] shares were valued at $2.00 at the most recent close of the market. An investor can expect a potential return of 8.5% based on the average SLQT price forecast.
Analyzing the SLQT fundamentals
According to SelectQuote Inc [NYSE:SLQT], the company’s sales were 1.16B for trailing twelve months, which represents an 27.02% jump. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.14 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.15.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.91 points at the first support level, and at 1.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.07, and for the 2nd resistance point, it is at 2.15.
SelectQuote Inc [SLQT] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.11/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.19 per share as compared to estimates of -$0.27 per share, a difference of $0.08 representing a surprise of 29.60%.
Ratios To Look Out For
It is important to note that SelectQuote Inc [NYSE:SLQT] has a current ratio of 2.11. Also, the Quick Ratio is 2.11, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.29, the price to book ratio is 1.00.
Transactions by insiders
Recent insider trading involved Matthews Joshua Brandon, President, SelectQuote Senior, that happened on Sep 18 ’23 when 97500.0 shares were purchased. Director, GRANT W THOMAS II completed a deal on Sep 15 ’23 to buy 0.22 million shares. Meanwhile, PRESIDENT Grant Robert Clay bought 0.18 million shares on Sep 15 ’23.
