Stocks of Sharecare Inc. (NASDAQ:SHCR) traded higher last session on Wall Street, down -3.70% to $1.30.
According to the data, Sharecare Inc. (NASDAQ:SHCR) has 4 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.00, we find $2.88. Given the previous closing price of $1.35, this indicates a potential upside of 113.33 percent. SHCR stock price is now -18.90% away from the 50-day moving average and -30.64% away from the 200-day moving average. The market capitalization of the company currently stands at $524.69M.
A total of 1 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $3.19 as their price target over the next twelve months.
With the price target of $2.50, Morgan Stanley recently initiated with Equal-Weight rating for Sharecare Inc. (NASDAQ: SHCR).
Insiders disposed of 183,003 shares of company stock worth roughly $0.24 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SHCR stock. A new stake in Sharecare Inc. shares was purchased by GRAYPOINT LLC during the first quarter worth $562,000. NEW YORK LIFE INVESTMENT MANAGEMENT LLC invested $396,000 in shares of SHCR during the first quarter. In the first quarter, CM WEALTH ADVISORS LLC acquired a new stake in Sharecare Inc. valued at approximately $209,000. HARBOR CAPITAL ADVISORS, INC. acquired a new stake in SHCR for approximately $75,000. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC purchased a new stake in SHCR valued at around $52,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $1.3500 for Sharecare Inc. (NASDAQ: SHCR). During the past 12 months, Sharecare Inc. has had a low of $1.30 and a high of $2.71. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.90, and a quick ratio of 2.90. The fifty day moving average price for SHCR is $1.6002 and a two-hundred day moving average price translates $1.8705 for the stock.
The latest earnings results from Sharecare Inc. (NASDAQ: SHCR) was released for Mar, 2023. The net profit margin was -25.10% and return on equity was -21.90% for SHCR. The company reported revenue of $116.3 million for the quarter, compared to $100.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.48 percent.
