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Sharecare Inc (SHCR) – Don’t Believe the Hype: Check The Facts

SQ

Sharecare Inc (NASDAQ: SHCR) is -11.30% lower on its value in year-to-date trading and has touched a low of $0.77 and a high of $2.33 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SHCR stock was last observed hovering at around $0.98 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $0.96, the stock is 0.94% and -5.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -2.12% at the moment leaves the stock -15.76% off its SMA200. SHCR registered -58.17% loss for a year compared to 6-month gain of 0.03%. The firm has a 50-day simple moving average (SMA 50) of $0.46 and a 200-day simple moving average (SMA200) of -$3.56.

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The stock witnessed a -3.23% loss in the last 1 month and extending the period to 3 months gives it a -3.86%, and is 2.98% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.74% over the week and 7.80% over the month.

Sharecare Inc (SHCR) has around 3485 employees, a market worth around $337.62M and $463.24M in sales. Profit margin for the company is -25.55%. Distance from 52-week low is 24.50% and -58.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.18%).

Sharecare Inc quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $114.99M over the same period.The EPS is expected to shrink by -150.00% this year, but quarterly earnings will post 2.70% year-over-year. Quarterly sales are estimated to shrink -6.70% in year-over-year returns.

175 institutions hold shares in Sharecare Inc (SHCR), with institutional investors hold 52.65% of the company’s shares. The shares outstanding are 354.46M, and float is at 278.44M with Short Float at 2.37%. Institutions hold 47.48% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 22.68 million shares valued at $39.69 million. The investor’s holdings represent 6.35% of the SHCR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 16.27 million shares valued at $28.47 million to account for 4.56% of the shares outstanding. The other top investors are Wells Fargo & Company which holds 7.78 million shares representing 2.18% and valued at over $13.61 million, while Ameriprise Financial, Inc. holds 2.11% of the shares totaling 7.53 million with a market value of $13.17 million.

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