Market Analysts see Oak Street Health Inc. [OSH] falling to $29. Time to buy?

Oak Street Health Inc. [NYSE: OSH] closed the trading session at $21.69 on 11/08/22. The day’s price range saw the stock hit a low of $19.65, while the highest price level was $22.105. The company report on November 7, 2022 that Oak Street Health Reports Third Quarter 2022 results.

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Oak Street Health, Inc. (NYSE: OSH, or the “Company”), a network of value-based primary care centers for adults on Medicare, today reported financial results for its third quarter ended September 30, 2022.

“We reported another strong quarter of results driven by the dedication and execution of our team leading to consistent center-level performance. Our focus remains on expanding nationally to bring our model to more patients while greatly improving the health and well-being of the patients we serve, leading to strong financial results and realization of our mission of rebuilding healthcare as it should be,” said Mike Pykosz, Chief Executive Officer of Oak Street Health.

The stocks have a year to date performance of -34.55 percent and weekly performance of 6.22 percent. The stock has been moved at 41.95 percent over the last six months. The stock has performed -0.46 percent around the most recent 30 days and changed -26.82 percent over the most recent 3-months.

If compared to the average trading volume of 1.83M shares, OSH reached to a volume of 4199825 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Oak Street Health Inc. [OSH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OSH shares is $35.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OSH stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Oak Street Health Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 12, 2022. While these analysts kept the previous recommendation, Argus raised their target price to Hold. The new note on the price target was released on July 26, 2022, representing the official price target for Oak Street Health Inc. stock. Previously, the target price had yet another drop from $26 to $18, while BofA Securities kept a Underperform rating on OSH stock.

The Average True Range (ATR) for Oak Street Health Inc. is set at 1.49, with the Price to Sales ratio for OSH stock in the period of the last 12 months amounting to 2.85.

OSH stock trade performance evaluation

Oak Street Health Inc. [OSH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.22. With this latest performance, OSH shares dropped by -0.46% in over the last four-week period, additionally plugging by 41.95% over the last 6 months – not to mention a drop of -53.74% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OSH stock in for the last two-week period is set at 53.26, with the RSI for the last a single of trading hit 60.51, and the three-weeks RSI is set at 49.55 for Oak Street Health Inc. [OSH]. The present Moving Average for the last 50 days of trading for this stock 23.42, while it was recorded at 19.54 for the last single week of trading, and 22.00 for the last 200 days.

Oak Street Health Inc. [OSH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Oak Street Health Inc. [OSH] shares currently have an operating margin of -29.15 and a Gross Margin at +0.59. Oak Street Health Inc.’s Net Margin is presently recorded at -28.58.

Return on Equity for this stock declined to -175.11, with Return on Assets sitting at -31.23.

Oak Street Health Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Earnings per share (EPS) analysis for Oak Street Health Inc. [OSH] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OSH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Oak Street Health Inc. go to 30.00%.

Oak Street Health Inc. [OSH]: Insider Ownership positions

There are presently around $4,803 million, or 95.90% of OSH stock, in the hands of institutional investors. The top three institutional holders of OSH stocks are: GENERAL ATLANTIC, L.P. with ownership of 61,384,475, which is approximately 0% of the company’s market cap and around 4.80% of the total institutional ownership; NEWLIGHT PARTNERS LP, holding 40,509,640 shares of the stock with an approximate value of $878.65 million in OSH stocks shares; and FMR LLC, currently with $582.26 million in OSH stock with ownership of nearly 3.114% of the company’s market capitalization.

Positions in Oak Street Health Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 116 institutional holders increased their position in Oak Street Health Inc. [NYSE:OSH] by around 14,381,129 shares. Additionally, 88 investors decreased positions by around 8,541,926 shares, while 33 investors held positions by with 198,536,069 shares. The mentioned changes placed institutional holdings at 221,459,124 shares, according to the latest SEC report filing. OSH stock had 40 new institutional investments in for a total of 2,046,635 shares, while 26 institutional investors sold positions of 2,155,114 shares during the same period.


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