The closing price of Oscar Health Inc (NYSE: OSCR) was $13.93 for the day, down -5.17% from the previous closing price of $14.69. In other words, the price has decreased by -$0.76 from its previous closing price. On the day, 2716241 shares were traded.
Ratios:
Our analysis of OSCR’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.37.
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, Raymond James on March 22, 2024, initiated with a Outperform rating and assigned the stock a target price of $20.
On November 02, 2023, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $8 to $9.
BofA Securities Upgraded its Underperform to Neutral on June 06, 2023, whereas the target price for the stock was revised from $5.40 to $8.75.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 ’24 when Blackley Richard Scott sold 27,043 shares for $14.12 per share. The transaction valued at 381,847 led to the insider holds 614,316 shares of the business.
Quane Alessandrea C. sold 13,233 shares of OSCR for $186,850 on Mar 06 ’24. The EVP, Chief Insurance Officer now owns 212,850 shares after completing the transaction at $14.12 per share. On Mar 04 ’24, another insider, Baltrus Victoria, who serves as the Chief Accounting Officer of the company, sold 33,707 shares for $15.88 each. As a result, the insider received 535,267 and left with 118,111 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 3.20B and an Enterprise Value of 1.63B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 3.97. Its current Enterprise Value per Revenue stands at 0.28.
Stock Price History:
Over the past 52 weeks, OSCR has reached a high of $18.55, while it has fallen to a 52-week low of $4.72. The 50-Day Moving Average of the stock is 14.88, while the 200-Day Moving Average is calculated to be 9.25.
Shares Statistics:
OSCR traded an average of 3.39M shares per day over the past three months and 2.41M shares per day over the past ten days. A total of 193.87M shares are outstanding, with a floating share count of 145.17M. Insiders hold about 36.81% of the company’s shares, while institutions hold 45.90% stake in the company. Shares short for OSCR as of Mar 15, 2024 were 6.31M with a Short Ratio of 1.86, compared to 5.26M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.75% and a Short% of Float of 3.85%.
Earnings Estimates
The firm’s stock currently is rated by 5 analysts. On average, analysts expect EPS of $0.27 for the current quarter, with a high estimate of $0.33 and a low estimate of $0.22, while EPS last year was -$0.18. The consensus estimate for the next quarter is $0.18, with high estimates of $0.27 and low estimates of $0.14.
Analysts are recommending an EPS of between -$0.07 and -$0.33 for the fiscal current year, implying an average EPS of -$0.16. EPS for the following year is $0.39, with 5 analysts recommending between $0.6 and $0.24.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $2.05B to a low estimate of $1.96B. As of the current estimate, Oscar Health Inc’s year-ago sales were $1.15B, an estimated increase of 75.50% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $2.1B, an increase of 37.80% less than the figure of $75.50% in the same quarter last year. There is a high estimate of $2.16B for the next quarter, whereas the lowest estimate is $2.05B.
A total of 3 analysts have provided revenue estimates for OSCR’s current fiscal year. The highest revenue estimate was $8.38B, while the lowest revenue estimate was $8.25B, resulting in an average revenue estimate of $8.33B. In the same quarter a year ago, actual revenue was $5.86B, up 42.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $9.64B in the next fiscal year. The high estimate is $10.08B and the low estimate is $9.25B. The average revenue growth estimate for next year is up 15.70% from the average revenue estimate for this year.
