Sharecare Inc (NASDAQ: SHCR) Stock Seems Like A Good Option

Sharecare Inc (NASDAQ:SHCR) shares, rose in value, with the stock price up by 2.87% to the previous day’s close as strong demand from buyers drove the stock to $0.66.

Actively observing the price movement in the last trading, the stock closed the session at $0.64. The value of beta (5-year monthly) was 0.29. Referring to stock’s 52-week performance, its high was $1.80, and the low was $0.48. On the whole, SHCR has fluctuated by -32.66% over the past month.

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With the market capitalization of Sharecare Inc currently standing at about $235.19 million, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.07 for fiscal year -$0.3 and then to about -$0.29 by fiscal year 2025. Data indicates that the EPS growth is expected to be 16.70% in 2025, while the next year’s EPS growth is forecast to be 3.30%.

Analysts have estimated the company’s revenue for the quarter at $101.33 million, with a low estimate of $100.06 million and a high estimate of $102.6 million. According to the average forecast, sales growth in current quarter could jump down -12.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $452.44 million, representing an increase of 1.60% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SHCR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SHCR currently trading nearly -26.38% and -33.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.64, while the 7-day volatility ratio is showing 23.19% which for the 30-day chart, stands at 11.73%. Furthermore, Sharecare Inc (SHCR)’s beta value is 0.29, and its average true range (ATR) is 0.10.

A comparison of Sharecare Inc (SHCR) with its peers suggests the former has fared considerably weaker in the market. SHCR showed an intraday change of 2.87% in last session, and over the past year, it shrunk by -53.81%%.

Data on historical trading for Sharecare Inc (NASDAQ:SHCR) indicates that the trading volumes over the past 10 days have averaged 4.46 million and over the past 3 months, they’ve averaged 1.38 million. According to company’s latest data on outstanding shares, there are 353.43 million shares outstanding.

Nearly 20.99% of Sharecare Inc’s shares belong to company insiders and institutional investors own 36.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.93 million shares as on Mar 15, 2024, resulting in a short ratio of 6.05. According to the data, the short interest in Sharecare Inc (SHCR) stood at 1.97% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.71 million. The stock has fallen by -39.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SHCR stock heading into the next quarter.