How to Buy Selectquote Stock
Selectquote Inc
Founded in 1985, SelectQuote (NYSE: SLQT) provides solutions that help consumers protect their most valuable assets: their families, health and property.
Selectquote stock last closed at $1.55, down 3.13% from the previous day, and has increased 15.67% in one year. It has underperformed other stocks in the Insurance Brokers industry by 0.01 percentage points. Selectquote stock is currently +81.29% from its 52-week low of $0.86, and -35.28% from its 52-week high of $2.40.
There are currently 168.99M shares of SLQT outstanding. The market capitalization of SLQT is $261.94M. In the past 24 hours, 286,260 SLQT shares were traded.
How to Buy Selectquote Stock
Wondering how to invest in Selectquote stock? Here's how.
- Decide where to buy Selectquote stock: You need to choose an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Selectquote stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your brokerage account: Select your payment method and add your information.
- Analyze Selectquote stock: The Selectquote ticker symbol is SLQT. Is Selectquote stock a good investment? Should you buy shares of SLQT? How do SLQT's underlying business fundamentals look? Do top analysts think Selectquote is a good buy? Why has SLQT's stock price moved recently? (Hint: Our stock market research website can help you decide if SLQT is a good stock to buy).
- Make your SLQT buy order: Decide if you will purchase SLQT shares at the current market price or use a limit order to purchase SLQT stock at a particular price.
- Get the latest news on your SLQT investment: Create a watchlist to keep tabs on your investment in Selectquote stock.
Step 1: Decide where to buy Selectquote stock
You need an online brokerage account in order to access the NYSE market and buy SLQT stock.
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Based on our research, eToro is the best online stock brokerage. Here's why:
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- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by creating an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal details so you can invest in SLQT stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you've finished signing up on one of the best stock apps, you can securely and quickly fund your account:
Check out the tutorial below for more details transferring funds into your new brokerage account.
Step 4: Analyze Selectquote stock
After you have chosen the best place to buy Selectquote stock, it's crucial to evaluate their stock prior to investing, so you can understand the risk and opportunity.
Selectquote quick stats
Fundamentals of SLQT
WallStreetZen was designed to help everyday investors perform more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on SLQT's stock page.
How is SLQT stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge SLQT's fair value.
Using relative valuations metrics:
- SLQT could be undervalued based on its P/B ratio of 0.78x, relative to Insurance Brokers industry P/B ratio of 6.84x
You can access additional valuation research on SLQT's stock here.
SLQT Financial Health Overview
Passed Health Checks:
- SLQT has $10.85M in cash and short term investments. This is enough to cover its annual cash burn of $3.39M.
- SLQT has cash burn of 3391000. It has sufficient cash and short-term investments to cover this for at least one year.
- SLQT profit margin has gone up from -14.7% to -4.3% in the past year.
- There are more short-term assets than short-term liabilities on the SLQT balance sheet.
Failed Health Checks:
- SLQT has a relatively high debt to equity ratio of 2.67.
- There are more long-term liabilities than short-term assets on the SLQT balance sheet.
You can dig deeper into what analysts are forecasting on the Selectquote stock forecast page.
SLQT Technicals
SLQT Growth Numbers
Last year, SLQT revenue was $1.16B. In the past 3 year, SLQT's revenue has increased by 79.71% per year. This was faster than the Insurance Brokers industry average of 8.33%.
Dive into SLQT's earnings and revenue performance here.
Are SLQT insiders buying or selling the stock?
In the last year, executives and large shareholders at SLQT have bought more shares than they have sold.
Joshua Brandon Matthews, President SelectQuote Senior of SLQT, was the latest SLQT insider to buy. They bought $113,295.00 worth of SLQT stock on Sep 18, 2023.
Research more about who owns SLQT stock here.
Can I rely on SLQT as an income stream?
No, Selectquote doesn't provide an income stream by paying out dividends.
SLQT Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your SLQT buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are generally the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact price, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you require additional assistance buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest news on your SLQT investment
Now that you own some SLQT shares, you'll want to keep up with your new company.
Add SLQT to a watchlist to get the latest updates about your SLQT stock.
SLQT Feed
How to Buy Stock in Selectquote
To reiterate, here are the 6 steps to buy Selectquote stock:
- Decide where to buy Selectquote stock
- Create a brokerage account
- Deposit money your brokerage account
- Analyze Selectquote stock
- Make your SLQT buy order
- Get the latest news on your SLQT investment
If you need a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Selectquote, create a watchlist on WallStreetZen today.
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