In yesterday’s Wall Street session, Sharecare Inc. (NASDAQ:SHCR) shares traded at $0.96, up 2.23% from the previous session.
As of this writing, 4 analysts cover Sharecare Inc. (NASDAQ:SHCR). 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 $0.94, this indicates a potential upside of 206.38 percent. SHCR stock price is now -35.38% away from the 50-day moving average and -46.79% away from the 200-day moving average. The market capitalization of the company currently stands at $362.84M.
There are 1 analysts who have given it a hold rating, whereas 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 $0.18 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 SWISS NATIONAL BANK during the first quarter worth $596,000. GRAYPOINT LLC invested $415,000 in shares of SHCR during the first quarter. In the first quarter, CREDIT SUISSE AG/ acquired a new stake in Sharecare Inc. valued at approximately $288,000. CRESSET ASSET MANAGEMENT, LLC acquired a new stake in SHCR for approximately $223,000. FRANKLIN RESOURCES INC purchased a new stake in SHCR valued at around $133,000 in the second quarter. In total, there are 157 active investors with 45.20% ownership of the company’s stock.
Wednesday morning saw Sharecare Inc. (NASDAQ: SHCR) opened at $0.9500. During the past 12 months, Sharecare Inc. has had a low of $0.92 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 $1.4732 and a two-hundred day moving average price translates $1.8004 for the stock.
The latest earnings results from Sharecare Inc. (NASDAQ: SHCR) was released for Jun, 2023. According to the Health Information Services Company, earnings per share came in at -$0.1, missing analysts’ expectations of -$0.09 by -0.01. This compares to -$0.09 EPS in the same period last year. The net profit margin was -25.90% and return on equity was -22.60% for SHCR. The company reported revenue of $110.35 million for the quarter, compared to $103.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.29 percent. For the current quarter, analysts expect SHCR to generate $114.9M in revenue.
Sharecare Inc.(SHCR) Company Profile
Sharecare, Inc. operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to enhance their health and well-being. It also operates RealAge, a platform for health assessment to assess behaviors and existing conditions of its members and provide metric for their physical health. In addition, the company provides secure, automated release of information, audit, and business consulting services to streamline the medical records process for medical facilities. It sells its solutions through direct sales organization and partner relationships. The company was founded in 2009 and is headquartered in Atlanta, Georgia.
