Market Recap Check: Oscar Health Inc (OSCR)’s Positive Finish at 18.06, Up/Down 0.11

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The price of Oscar Health Inc (NYSE: OSCR) closed at $18.06 in the last session, up 0.11% from day before closing price of $18.04. In other words, the price has increased by $0.11 from its previous closing price. On the day, 4.55 million shares were traded. OSCR stock price reached its highest trading level at $18.19 during the session, while it also had its lowest trading level at $17.14.

Ratios:

We take a closer look at OSCR’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.29.

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 this company, Robert W. Baird on May 30, 2024, initiated with a Outperform rating and assigned the stock a target price of $28.

On May 30, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $25 to $21.

On March 22, 2024, Raymond James started tracking the stock assigning a Outperform rating and target price of $20.Raymond James initiated its Outperform rating on March 22, 2024, with a $20 target price.

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 Jun 06 ’24 when Blackley Richard Scott sold 29,978 shares for $19.58 per share. The transaction valued at 586,969 led to the insider holds 675,442 shares of the business.

Quane Alessandrea C. sold 16,793 shares of OSCR for $328,807 on Jun 06 ’24. The EVP, Chief Insurance Officer now owns 251,136 shares after completing the transaction at $19.58 per share. On Jun 04 ’24, another insider, Quane Alessandrea C., who serves as the EVP, Chief Insurance Officer of the company, sold 668 shares for $19.09 each. As a result, the insider received 12,752 and left with 236,679 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OSCR now has a Market Capitalization of 4284265216 and an Enterprise Value of 1799041920. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 4.13. Its current Enterprise Value per Revenue stands at 0.275 whereas that against EBITDA is 202.732.

Stock Price History:

Over the past 52 weeks, OSCR has reached a high of $23.44, while it has fallen to a 52-week low of $4.72. The 50-Day Moving Average of the stock is -5.27%, while the 200-Day Moving Average is calculated to be 48.16%.

Shares Statistics:

According to the various share statistics, OSCR traded on average about 3.14M shares per day over the past 3-months and 3686100 shares per day over the past 10 days. A total of 193.87M shares are outstanding, with a floating share count of 166.62M. Insiders hold about 29.76% of the company’s shares, while institutions hold 52.74% stake in the company. Shares short for OSCR as of 1715731200 were 5559017 with a Short Ratio of 2.43, compared to 1713139200 on 7660764. Therefore, it implies a Short% of Shares Outstanding of 5559017 and a Short% of Float of 2.8800000999999997.

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