Volatility Is Your Friend: Sharecare Inc (SHCR) Is Hot Again

Sharecare Inc (NASDAQ:SHCR) does about 2.44M shares in volume on a normal day but saw 1119562 shares change hands in Friday’s trading. The company now has a market cap of 303.66M USD. Its current market price is $0.84, marking a decrease of -2.50% compared to the previous close of $0.86. The 52 week high reached by this stock is $1.80 whilst the lowest price level in 52 weeks is $0.48.

Sharecare Inc (SHCR) has a 20-day trading average at $0.8172 and the current price is -53.45% off the 52-week high compared with 74.16% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7537 and its 200-day simple moving average is $0.9358. If we look at the stock’s price movements over the week, volatility stands at 8.71%, which increases to 9.70% 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 54.24 to suggest the stock is neutral.

The consensus objective for the share price is $1.92, suggesting that the stock has a potential upside of 56.25% over the period.

Goldman initiated its price target at $4.50.

Sharecare Inc (SHCR) stock is up 2.90% over the week and 21.28% over the past month. Its price is -22.42% year-to-date and -49.22% over the past year.

To reach the target analysts have set, the stock logically needs to grow 56.25 percent from here.

The company has a return on investment of -27.74% and return on equity of -25.32%. The beta has a value of 0.34. Price to book ratio is 0.74 and price to sales ratio is 0.72.