Oak Street Health Inc. [NYSE: OSH] stock went on an upward path that rose over 1.94% on Tuesday, amounting to a one-week price decrease of less than -0.90%. The company report on February 28, 2023 that Oak Street Health Reports Full Year 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 the year ended December 31, 2022.
“Our team’s commitment and hard work delivered outstanding health outcomes and an unmatched patient experience leading to consistent center-level performance and strong full year results. We remain committed to improving the well-being of our patients, bringing new patients to the Oak Street model, and rebuilding healthcare as it should be,” said Mike Pykosz, Chief Executive Officer of Oak Street Health.
Over the last 12 months, OSH stock rose by 65.37%. The one-year Oak Street Health Inc. stock forecast points to a potential upside of 3.27. The average equity rating for OSH stock is currently 2.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $8.68 billion, with 231.92 million shares outstanding and 220.32 million shares in the current float. Compared to the average trading volume of 4.93M shares, OSH stock reached a trading volume of 6101124 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $36.43 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 2.80. 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.
Raymond James have made an estimate for Oak Street Health Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 12, 2023. The new note on the price target was released on November 21, 2022, representing the official price target for Oak Street Health Inc. stock. On September 12, 2022, analysts decreased their price target for OSH shares from 32 to 29.
The Average True Range (ATR) for Oak Street Health Inc. is set at 0.67, with the Price to Sales ratio for OSH stock in the period of the last 12 months amounting to 4.02.
OSH Stock Performance Analysis:
Oak Street Health Inc. [OSH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.90. With this latest performance, OSH shares dropped by -0.28% in over the last four-week period, additionally plugging by 25.28% over the last 6 months – not to mention a rise of 65.37% 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 62.86, with the RSI for the last a single of trading hit 57.88, and the three-weeks RSI is set at 64.27 for Oak Street Health Inc. [OSH]. The present Moving Average for the last 50 days of trading for this stock 31.02, while it was recorded at 35.14 for the last single week of trading, and 24.80 for the last 200 days.
Insight into Oak Street Health Inc. 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 -21.47 and a Gross Margin at +1.99. Oak Street Health Inc.’s Net Margin is presently recorded at -23.56.
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.
OSH Stock EPS
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 Position Details
There are presently around $8,057 million, or 99.00% 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 32,550,265 shares of the stock with an approximate value of $1.15 billion in OSH stocks shares; and FMR LLC, currently with $857.64 million in OSH stock with ownership of nearly -3.934% of the company’s market capitalization.
Positions in Oak Street Health Inc. stocks held by institutional investors increased at the end of Tuesday and at the time of the Tuesday reporting period, where 118 institutional holders increased their position in Oak Street Health Inc. [NYSE:OSH] by around 14,764,188 shares. Additionally, 118 investors decreased positions by around 9,835,062 shares, while 34 investors held positions by with 204,039,607 shares. The mentioned changes placed institutional holdings at 228,638,857 shares, according to the latest SEC report filing. OSH stock had 47 new institutional investments in for a total of 1,406,938 shares, while 41 institutional investors sold positions of 3,687,892 shares during the same period.