Last Updated: 15 Sep 2024
Executive Summary
Sharecare Inc. (SHCR) is a digital health company with a market capitalization of $519.3 million. The company has a strong financial position with positive revenue growth and profitability. The stock is currently trading at $1.4, which is below its 52-week high of $1.41. The technical analysis suggests that the stock is in a bullish trend and could continue to rise in the short term. The long-term outlook for the stock is positive, with analysts expecting the company to continue to grow its revenue and profitability.
Company Overview
Sharecare Inc. is a digital health company that provides a variety of health and wellness services to consumers. The company's products and services include a health and wellness platform, a personalized health concierge service, and a network of health and wellness providers. Sharecare Inc. is headquartered in Atlanta, Georgia.
Fundamental Analysis
Sharecare Inc.'s financial performance has been strong in recent years. The company's revenue has grown from $270.3 million in 2020 to $403.7 million in 2022. The company's profitability has also improved, with its EBITDA margin increasing from -0.44 in 2020 to -0.34 in 2022.
The company's financial performance is expected to continue to improve in the future. Analysts expect the company's revenue to grow to $500.0 million in 2023 and $600.0 million in 2024. The company's EBITDA margin is also expected to improve to -0.30 in 2023 and -0.25 in 2024.
Technical Analysis
The technical analysis of Sharecare Inc.'s stock suggests that the stock is in a bullish trend. The stock has been trading above its 50-day moving average and its 200-day moving average for the past several weeks. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is in a bullish trend.
The technical analysis suggests that the stock could continue to rise in the short term. The stock's next resistance level is at $1.50. If the stock can break above this level, it could continue to rise to $1.60 or higher.
Short Term Outlook
The short-term outlook for Sharecare Inc.'s stock is positive. The stock is in a bullish trend and is expected to continue to rise in the short term. The stock's next resistance level is at $1.50. If the stock can break above this level, it could continue to rise to $1.60 or higher.
Long Term Outlook
The long-term outlook for Sharecare Inc.'s stock is also positive. The company is expected to continue to grow its revenue and profitability in the future. Analysts expect the company's revenue to grow to $500.0 million in 2023 and $600.0 million in 2024. The company's EBITDA margin is also expected to improve to -0.30 in 2023 and -0.25 in 2024.
Analyst Recommendations
Analysts have a hold rating on Sharecare Inc.'s stock. The average analyst target price is $1.43. The highest analyst target price is $1.60. The lowest analyst target price is $1.25.
