SelectQuote Stock Bestows A Bargain Opportunity

On Aug. 25, 2021, SelectQuote released its fiscal fourth-quarter 2021 results for the quarter ending June 2021. The Company reported GAAP earnings-per-share (EPS) loss of (-$0.02) missing consensus analyst estimates for a loss of (-$0.01) by $0.01. Revenues rose 33.2% year-over-year (YoY) to $188.45 million, beating consensus analyst estimates for $186.58 million. Adjusted EBITDA few (-47%) YoY to $21.3 million. The Senior segment grew $42% YoY to 124.4 million. The Life segment revenues grew 41% YoY to $59.9 million. The Auto and Home segment fell (-41%) YoY to $7.2 million. The fiscal full-year 2021 growth rate is 76% YoY to $937.8 million.

SelectQuote CEO Tim Danker stated:

SelectQuote CFO Raffaele Sadun commented:

CEO Danker talked about risks moving forward:

Using the rifle charts on the weekly and daily time frames provides a near-term precision view of the price action playing field for SLQT shares. The weekly rifle chart peaked at the $33.13 Fibonacci (fib) level before triggering the weekly market structure sell on the breakdown below $24.64 plunging all the way down to the $7.72 fib. The weekly 5-period moving average (MA) resistance is falling at $13.15 and 15-period MA falling at $17.08. The weekly stochastic has just started to finally cross back up as shares staged a rally to form a weekly market structure low (MSL) buy trigger about $12.37. The daily rifle chart completed the channel tightening with the rising 5-period MA at $10.52 and 15-period MA at $11.93. The daily stochastic has formed a mini pup through the 20-band. Prudent investors can watch for opportunistic pullbacks at the $10.42 fib, $9.24 fib, $8.53 fib, $7.72 fib, $6.74 fib, and the $5.81 fib. The upside trajectories range from the $15.38 fib towards the $23.45 fib level.

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