Considering Oak Street Health Inc. (OSH) as a potential investment: What Should You Do?

The price of Oak Street Health Inc. (NYSE: OSH) closed at 26.46 in the last session, down -1.67% from day before closing price of $26.91. In other words, the price has decreased by $-0.45 from its previous closing price. On the day, 1642437 shares were traded. OSH reached its highest trading level at $27.75 during the session, while it also had its lowest trading level at $26.37.

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Ratios:

We take a closer look at OSH’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.80.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on September 12, 2022, Downgraded its rating to Neutral and sets its target price to $29 from $32 previously.

BofA Securities Downgraded its Buy to Underperform on June 15, 2022, whereas the target price for the stock was revised from $26 to $18.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 16 when Newlight Partners LP sold 838,496 shares for $24.72 per share. The transaction valued at 20,727,621 led to the insider holds 32,671,144 shares of the business.

MYERS GRIFFIN sold 50,000 shares of OSH for $1,369,481 on Sep 08. The Chief Medical Officer now owns 4,904,159 shares after completing the transaction at $27.39 per share. On Sep 06, another insider, PRICE GEOFFREY M, who serves as the Chief Innovation Officer of the company, sold 40,000 shares for $24.90 each. As a result, the insider received 996,187 and left with 1,073,270 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 3.56.

Stock Price History:

Over the past 52 weeks, OSH has reached a high of $52.11, while it has fallen to a 52-week low of $13.29. The 50-Day Moving Average of the stock is 27.13, while the 200-Day Moving Average is calculated to be 23.28.

Shares Statistics:

According to the various share statistics, OSH traded on average about 1.94M shares per day over the past 3-months and 1.77M shares per day over the past 10 days. A total of 225.65M shares are outstanding, with a floating share count of 218.77M. Insiders hold about 5.20% of the company’s shares, while institutions hold 96.10% stake in the company. Shares short for OSH as of Jul 14, 2022 were 22.15M with a Short Ratio of 10.29, compared to 22.23M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.19% and a Short% of Float of 19.03%.

Earnings Estimates

The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of $-0.43 for the current quarter, with a high estimate of $-0.17 and a low estimate of $-0.53, while EPS last year was $-0.44. The consensus estimate for the next quarter is $-0.5, with high estimates of $-0.17 and low estimates of $-0.61.

Analysts are recommending an EPS of between $-0.95 and $-2.24 for the fiscal current year, implying an average EPS of $-1.99. EPS for the following year is $-1.5, with 16 analysts recommending between $-0.91 and $-1.92.

Revenue Estimates

According to 16 analysts, the current quarter’s revenue is expected to be $522.01M. It ranges from a high estimate of $536.1M to a low estimate of $517.42M. As of the current estimate, Oak Street Health Inc.’s year-ago sales were $353.1M, an estimated increase of 47.80% from the year-ago figure.

A total of 20 analysts have provided revenue estimates for OSH’s current fiscal year. The highest revenue estimate was $2.2B, while the lowest revenue estimate was $1.97B, resulting in an average revenue estimate of $2.12B. In the same quarter a year ago, actual revenue was $1.43B, up 48.30% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $3.01B in the next fiscal year. The high estimate is $3.18B and the low estimate is $2.85B. The average revenue growth estimate for next year is up 41.60% from the average revenue estimate for this year.