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Barchart
Barchart
Amit Singh

This Penny Stock Is Soaring Today. Can It Explode Higher?

SelectQuote Penny Insurance Senior

Penny stock SelectQuote (SLQT) is in the spotlight due to its rapid ascent. Over the past three months alone, SLQT shares have surged an impressive 130% and shares are up more than 40% in morning trading on Tuesday. This spike in SLQT stock follows its solid second-quarter fiscal 2025 earnings release.

SelectQuote is a technology-enabled direct-to-consumer (DTC) platform specializing in insurance policies and healthcare services. Its recent earnings release revealed substantial gains, with consolidated revenue reaching $481.1 million, up 18.7% year-over-year. Its net income jumped to $53.2 million, up from $19.4 million in the prior year quarter. Adjusted EBITDA climbed to $87.5 million from $67.4 million.

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