Oscar Health Inc [NYSE: OSCR] traded at a low on Wednesday, posting a -2.40 loss after which it closed the day’ session at $14.25. The company report on February 7, 2024 at 4:05 PM that Oscar Health Announces Strong Results for Fourth Quarter and Full Year 2023; Introduces Full Year 2024 Outlook Including Total Company Adjusted EBITDA Profitability.
For the year ended December 31, 2023:.
Direct and Assumed Policy Premiums of $6.6 billion, a 3% decrease YoY.
The results of the trading session contributed to over 3456248 shares changing hands. Over the past one week, the price volatility of Oscar Health Inc stands at 5.75% while the volatility over the past one month is 5.97%.
The market cap for OSCR stock reached $3.27 billion, with 193.87 million shares outstanding and 145.17 million shares in the current float. Compared to the average trading volume of 3.31M shares, OSCR reached a trading volume of 3456248 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Oscar Health Inc [OSCR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OSCR shares is $18.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OSCR 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.
BofA Securities have made an estimate for Oscar Health Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 02, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price from $5.40 to $8.75. The new note on the price target was released on June 06, 2023, representing the official price target for Oscar Health Inc stock. Previously, the target price had yet another raise to $4, while Wells Fargo analysts kept a Overweight rating on OSCR stock.
The Average True Range (ATR) for Oscar Health Inc is set at 0.96, with the Price to Sales ratio for OSCR stock in the period of the last 12 months amounting to 0.56. The Price to Book ratio for the last quarter was 4.07.
How has OSCR stock performed recently?
Oscar Health Inc [OSCR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.68. With this latest performance, OSCR shares dropped by -17.77% in over the last four-week period, additionally plugging by 119.23% over the last 6 months – not to mention a rise of 265.38% 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 OSCR stock in for the last two-week period is set at 45.01, with the RSI for the last a single of trading hit 38.74, and the three-weeks RSI is set at 49.57 for Oscar Health Inc [OSCR]. The present Moving Average for the last 50 days of trading for this stock 13.64, while it was recorded at 14.48 for the last single week of trading, and 8.80 for the last 200 days.
Oscar Health Inc [OSCR]: Deeper insight into the fundamentals
Oscar Health Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.29.
Earnings analysis for Oscar Health Inc [OSCR]
With the latest financial reports released by the company, Oscar Health Inc posted -0.18/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -260.00%. 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 OSCR.
Insider trade positions for Oscar Health Inc [OSCR]
The top three institutional holders of OSCR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in OSCR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in OSCR stock with ownership which is approximately 5.8325%.
