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Friday, September 29, 2023

Taking On Challenges And Growing? – SelectQuote Inc. (SLQT)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for SelectQuote Inc. (SLQT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 5.88%, to $1.44. The SelectQuote Inc. has recorded 25,638 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that SelectQuote to Release Fiscal Fourth Quarter and Full Year 2023 Earnings on September 13.

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Stocks Info

This NYSE-listed company operates within the Insurance Brokers industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $1.36 and fluctuated between $1.4100 as its day high and $1.3000 as its day low. The current market capitalization of SelectQuote Inc. is $230.62M. A total of 1.5 million shares were traded on the day, compared to an average of 695.83K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, SLQT has seen 19 BUY and 4 SELL insider trades, representing the acquisition of 242,513 and the disposition of 23,483 shares. Over the last 12 months, there were 30 BUYs and 5 SELLs from insiders. Insiders purchased 1,052,361 shares during that period but sold 25,644.

In the most recent transaction, GRANT W THOMAS II bought 425,000 shares of SLQT for 1.28 per share on May 16. After the transaction, the Director now owns 2,393,469 company shares. In a previous transaction on May 16, Grant Robert Clay bought 200,000 shares at 1.28 per share. SLQT shares that PRESIDENT owns now total 1,517,272.

Among the insiders who bought shares, Danker Timothy Robert acquired of 100,000 shares on May 16 at a per-share price of $1.23. This resulted in the CHIEF EXECUTIVE OFFICER holding 1,664,383 shares of SLQT after the transaction. In another insider transaction, Weldon Raymond F bought 100,000 shares at $1.20 per share on May 16. Company shares held by the Director now total 162,568.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SLQT in the last 3 months, the mean price target is $2.58 with high estimates of $3.00 and low estimates of $1.75. In terms of 52-week highs and lows, SLQT has a high of $2.94 and a low of $0.51.

As of this writing, SLQT has an earnings estimate of -$0.29 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.27 per share and a lower estimate of -$0.3. The company reported an EPS of $0.14 in the last quarter, which was 366.70% higher than expectations of $0.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. SLQT’s latest balance sheet shows that the firm has $141.00M in Cash & Short Term Investments as of fiscal 2022. There were $744.80M in debt and $113.51M in liabilities at the time. Its Book Value Per Share was $2.35, while its Total Shareholder’s Equity was $391.11M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLQT is Buy with a score of 3.00.

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