SelectQuote Inc (SLQT) 20 Days SMA touches -10.54%: The odds favor the bear

On Monday, SelectQuote Inc (NYSE: SLQT) opened lower -3.51% from the last session, before settling in for the closing price of $1.71. Price fluctuations for SLQT have ranged from $0.86 to $2.39 over the past 52 weeks.

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During the last 5-year period, the sales growth of Financial Sector giant was 38.06%. Company’s average yearly earnings per share was noted 42.86% at the time writing. With a float of $133.75 million, this company’s outstanding shares have now reached $166.87 million.

Let’s determine the extent of company efficiency that accounts for 4186 employees.

SelectQuote Inc (SLQT) Insider Activity

A key investor’s attitude towards the stock of the Insurance Brokers industry is another important factor to consider. The insider ownership of SelectQuote Inc is 20.86%, while institutional ownership is 34.96%. The most recent insider transaction that took place on Sep 18 ’23, was worth 113,295. In this transaction President, SelectQuote Senior of this company bought 97,500 shares at a rate of $1.16, taking the stock ownership to the 400,937 shares. Before that another transaction happened on Sep 15 ’23, when Company’s Director bought 220,100 for $1.17, making the entire transaction worth $256,637. This insider now owns 220,100 shares in total.

SelectQuote Inc (SLQT) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 42.86% per share during the next fiscal year.

SelectQuote Inc (NYSE: SLQT) Trading Performance Indicators

Check out the current performance indicators for SelectQuote Inc (SLQT). In the past quarter, the stock posted a quick ratio of 2.11. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.24. Likewise, its price to free cash flow for the trailing twelve months is 68.85.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.30, a number that is poised to hit 0.03 in the next quarter and is forecasted to reach -0.07 in one year’s time.

Technical Analysis of SelectQuote Inc (SLQT)

Looking closely at SelectQuote Inc (NYSE: SLQT), its last 5-days average volume was 0.49 million, which is a drop from its year-to-date volume of 0.76 million. As of the previous 9 days, the stock’s Stochastic %D was 9.39%. Additionally, its Average True Range was 0.14.

During the past 100 days, SelectQuote Inc’s (SLQT) raw stochastic average was set at 59.62%, which indicates a significant increase from 6.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.40% in the past 14 days, which was lower than the 75.19% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7154, while its 200-day Moving Average is $1.4645. However, in the short run, SelectQuote Inc’s stock first resistance to watch stands at $1.7258. Second resistance stands at $1.8017. The third major resistance level sits at $1.8533. If the price goes on to break the first support level at $1.5983, it is likely to go to the next support level at $1.5467. Should the price break the second support level, the third support level stands at $1.4708.

SelectQuote Inc (NYSE: SLQT) Key Stats

There are currently 168,994K shares outstanding in the company with a market cap of 278.83 million. Presently, the company’s annual sales total 1,003 M according to its annual income of -58,540 K. Last quarter, the company’s sales amounted to 405,440 K and its income totaled 19,390 K.