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SelectQuote, Inc.
SelectQuote, Inc. (NYSE: SLQT) is a Direct-to-Consumer (DTC) distribution platform that allows customers to purchase health, life, auto, and home insurance plans online. The company earns money by selling insurance products on behalf of its insurance carrier partners in exchange for a commission. It operates in SelectQuote Senior, SelectQuote Life, and SelectQuote Auto & Home segments.
Why Should Investors Exit?
Stock Recommendation:
SLQT's stock price has remained volatile, declining 73.19% in the past twelve months. The stock is currently trading below 50 and 200 DMA levels, indicating a bearish trend. Considering the fall in topline, bottom line stress, high cash conversion days, leveraged balance sheet risks, and other technical indicators, we recommend a "Sell" rating on the stock at the closing price of USD 6.53 as of February 07, 2022.
Three-Year Technical Price Chart (as of February 07, 2022). Analysis by Kalkine Group
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.