Morgan Stanley lifts Sharecare Inc. [SHCR] price estimate. Who else is bullish?


Sharecare Inc. [NASDAQ: SHCR] The trading session closed at $2.00 on 09/22/22. Today’s price range witnessed that the stock recorded a low of $1.89, while a high of $2.03. Company report on September 20 2022 Sharecare expands its range of life sciences products with comprehensive solutions to support patient education and improve the care journey.

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Sharecare (Nasdaq: SHCR), the digital health company that helps people manage all their health in one place, today announced nine new digital solutions designed to engage, educate and support people in managing their health. Created in response to emerging consumer trends and behaviors, these innovations support efforts to close the gaps between people and quality care.

Sharecare’s 2023 Life Sciences family of products consists of dynamic tools that enable people to not only improve their health and understand conditions that affect their lives, but also actively engage with healthcare providers to achieve optimal outcomes from their treatment plans. Customized to reach people and caregivers affected by certain conditions, these offerings are designed to support and enable discussions between patient and provider, while at the same time educating and motivating individuals. Now available to book for 2023 marketing campaigns, Sharecare’s latest life sciences innovations include:

The stock has an annual performance so far of -55.46 percent and a weekly performance of 16.96 percent. The stock has moved at -40.48 percent over the past six months. The stock has performed 12.36 percent in the last 30 days and changed by 2.56 percent over the last three months.

If compared to the average trading volume of 2.35 million shares, SHCR stock reached a volume of 294,8059 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market gurus are saying about Sharecare Inc. [SHCR]:

Based on careful, fact-backed analysis by Wall Street experts, the current consensus on SHCR’s stock price target is $4.00 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on SHCR stock is a set recommendation at 2.00. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Morgan Stanley has made an appreciation for Sharecare Inc.’s stock. , retaining their opinion of the stock as Equal-Weight, with their previous recommendation back on July 20, 2022. While these analysts kept the previous recommendation, Goldman raised its target price to Neutral. The new note about price target was released on February 11, 2022, which is the official target price for Sharecare Inc.’s stock. Previously, the target price had received another increase to $11, while Canaccord Genuity analysts maintained a buy rating on SHCR stock.

The Average True Range (ATR) is set by Sharecare Inc. at 0.18, with a price-to-sales ratio for SHCR stock in the past 12-month period at 1.68. The price-to-book ratio for the last quarter was 1.26, with the price-to-cash ratio for the stock in the same quarter set at 0.59.

SHCR stock trading performance evaluation

Sharecare Inc. [SHCR] Gained in the green at the end of last week, gained a positive trend and rose by 16.96. With this latest performance, SHCR shares are up 12.36% over the past four-week period, as well as down -40.48% over the past six months — not to mention a -76.28% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. SHCR stock’s current RSI for the past two weeks is set at 55.61, with the last one trade’s RSI reaching 56.64, and the three-week RSI set at 54.31 for Sharecare Inc. [SHCR]. The current moving average for the last 50 trading days for this stock is 1.75 while it recorded at 1.93 for the last trading week, and 2.72 for the last 200 days.

Sharecare Inc. [SHCR]: Insight into the basic fundamentals

Sharecare Inc.’s liquidity data is Interesting too, with the quick ratio at 4.30 and the current one at 4.30.

Sharecare Inc. [SHCR]: Insiders ownership positions

Currently, about $200 million, or 36.10% of SHCR’s stock, is in the hands of institutional investors. The three largest corporate owners of SHCR shares are: AMERIPRISE FINANCIAL INC with ownership of 16,395,864, which represents about 81.189% of the company’s market capitalization and about 0.40% of the total institutional ownership; VANGUARD GROUP INC., which owns 1,2995.212 shares, with an approximate value of $25.99 million in SHCR stock; and KIM, LLC, currently in $18.0 million in SHCR stock with approximately ownership of New of the Company’s Marital capitalization.

79 business owners have increased their Sharecare Inc. [NASDAQ:SHCR] About 4,3152547 shares. In addition, the number of 52 investors decreased by 10271203 shares, while 18 investors held positions with 46,438,723 shares. The said changes put institutional holdings at 99,862,473 shares, according to the latest report from the Securities and Exchange Commission. SHCR had 42 new institutional investments totaling 14,781,908 shares, while 29 institutional investors sold positions of 5,201,538 shares during the same period.

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