Does Sharecare Inc. (SHCR) offer a good opportunity for investors?

Sharecare Inc. (NASDAQ: SHCR) stock jumped 0.53% on Friday to $1.88 against a previous-day closing price of $1.87. With 1.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.03 million shares. During the session, the Health Information Services company that operates in wider Healthcare sector, reached to the highest price of $1.9500 whereas the lowest price it dropped to was $1.7900. The 52-week range on SHCR shows that it touched its highest point at $9.28 and its lowest point at $1.38 during that stretch. It currently has a 1-year price target of $4.20.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SHCR was up-trending over the past week, with a rise of 19.75%, but this was up by 20.51% over a month. Three-month performance dropped to -20.34% while six-month performance fell -45.66%. The stock lost -74.66% in the past year, while it has lost -58.13% so far this year. A look at the trailing 12-month EPS for SHCR yields -0.28 with Next year EPS estimates of -0.14. For the next quarter, that number is -0.05. This implies an EPS growth rate of -7.00% for this year and 73.70% for next year.

Float and Shares Shorts:

At present, 344.89 million SHCR shares are outstanding with a float of 315.27 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.72 million, which was 2.76% higher than short shares on Jun 14, 2022. In addition to Mr. Jeffrey T. Arnold as the firm’s Founder, Chairman & CEO, Ms. Dawn Whaley serves as its Pres & Chief Marketing Officer.


Institutional Ownership:

Through their ownership of 31.71% of SHCR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 9.72% of SHCR, in contrast to 23.35% held by mutual funds. Shares owned by individuals account for 14.65%. As the largest shareholder in SHCR with 3.65% of the stake, The Vanguard Group, Inc. holds 12,851,323 shares worth 12,851,323. A second-largest stockholder of SHCR, Columbia Management Investment Ad, holds 9,049,018 shares, controlling over 2.57% of the firm’s shares. Koch Industries, Inc. is the third largest shareholder in SHCR, holding 9,000,000 shares or 2.56% stake. With a 2.34% stake in SHCR, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 8,244,900 shares are owned by the mutual fund manager. The Columbia Small Cap Growth Fund, which owns about 1.39% of SHCR stock, is the second-largest Mutual Fund holder. It holds 4,887,545 shares valued at 6.99 million. Vanguard Extended Market Index Fu holds 1.12% of the stake in SHCR, owning 3,949,157 shares worth 5.65 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SHCR since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SHCR analysts setting a high price target of $8.00 and a low target of $1.50, the average target price over the next 12 months is $4.20. Based on these targets, SHCR could surge 325.53% to reach the target high and fall by -20.21% to reach the target low. Reaching the average price target will result in a growth of 123.4% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SHCR will report FY 2022 earnings on 03/01/2023. Analysts have provided yearly estimates in a range of -$0.03 being high and -$0.36 being low. For SHCR, this leads to a yearly average estimate of -$0.19. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Sharecare Inc. surprised analysts by $0.04 when it reported -$0.02 EPS against a consensus estimate of -$0.06. The surprise factor in the prior quarter was -$0.07. The average estimate for the next quarter is thus -$0.04.

Summary of Insider Activity:

Insiders traded SHCR stock several times over the past three months with 12 Buys and 1 Sells. In these transactions, 1,051,011 shares were bought while 3,409,558 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 6 over the past year. The total number of shares bought during that period was 11,261,343 while 8,976,888 shares were sold.

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