Can Buying SelectQuote Inc (NYSE: SLQT) Still Be Worthwhile?

SelectQuote Inc (NYSE:SLQT) does about 765.14K shares in volume on a normal day but saw 1237659 shares change hands in Friday’s trading. The company now has a market cap of 442.75M USD. Its current market price is $2.62, marking an increase of 1.16% compared to the previous close of $2.59. The 52 week high reached by this stock is $3.06 whilst the lowest price level in 52 weeks is $1.03.

SelectQuote Inc (SLQT) has a 20-day trading average at $1.88 and the current price is -14.38% off the 52-week high compared with 154.37% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.85 and its 200-day simple moving average is $1.47. If we look at the stock’s price movements over the week, volatility stands at 11.59%, which decreases to 8.28% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.88 to suggest the stock is overbought.

The consensus objective for the share price is $4.50, suggesting that the stock has a potential upside of 41.78% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 29, 2024 when Noble Capital Markets initiated the stock to “Outperform” and issued a price target of $5. RBC Capital Mkts reiterated its price target at $13-$3.

SelectQuote Inc (SLQT) stock is up 28.43% over the week and 46.37% over the past month. Its price is 91.24% year-to-date and 59.76% over the past year.

To reach the target analysts have set, the stock logically needs to grow 41.78 percent from here.

The company has a return on investment of -5.01% and return on equity of -13.80%. The beta has a value of 0.93. Price to book ratio is 1.28 and price to sales ratio is 0.36.