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Why Oscar Health Inc (OSCR) Stock Could See Much Higher Prices Ahead

Oscar Health Inc (NYSE: OSCR) is 52.24% higher on its value in year-to-date trading and has touched a low of $4.72 and a high of $18.55 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OSCR stock was last observed hovering at around $14.69 in the last trading session, with the day’s loss setting it -0.76%.

Currently trading at $13.93, the stock is -2.15% and -4.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.72 million and changing -5.17% at the moment leaves the stock 52.31% off its SMA200. OSCR registered 110.42% gain for a year compared to 6-month gain of 150.09%. The firm has a 50-day simple moving average (SMA 50) of $0.28.

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The stock witnessed a -15.98% loss in the last 1 month and extending the period to 3 months gives it a 52.24%, and is 3.19% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.83% over the week and 5.81% over the month.

Oscar Health Inc (OSCR) has around 2400 employees, a market worth around $3.20B and $5.86B in sales. Fwd P/E is 35.36. Profit margin for the company is -4.62%. Distance from 52-week low is 195.13% and -24.91% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.55%).

Oscar Health Inc quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $2.01B over the same period.The EPS is expected to grow by 87.21% this year, but quarterly earnings will post 42.20% year-over-year. Quarterly sales are estimated to grow 75.50% in year-over-year returns.

Oscar Health Inc (OSCR) Top Institutional Holders

260 institutions hold shares in Oscar Health Inc (OSCR), with institutional investors hold 81.30% of the company’s shares. The shares outstanding are 193.87M, and float is at 145.17M with Short Float at 4.35%. Institutions hold 80.22% of the Float.

The top institutional shareholder in the company is Alphabet Inc. with over 24.04 million shares valued at $193.79 million. The investor’s holdings represent 12.87% of the OSCR Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 12.4 million shares valued at $99.92 million to account for 6.64% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 11.92 million shares representing 6.38% and valued at over $96.04 million, while VK Services, LLC holds 6.27% of the shares totaling 11.7 million with a market value of $94.34 million.

Oscar Health Inc (OSCR) Insider Activity

The most recent transaction is an insider sale by Blackley Richard Scott,the company’sChief Financial Officer. SEC filings show that Blackley Richard Scott sold 27,043 shares of the company’s common stock on Mar 06 ’24 at a price of $14.12 per share for a total of $0.38 million. Following the sale, the insider now owns 0.61 million shares.

Oscar Health Inc disclosed in a document filed with the SEC on Mar 06 ’24 that Quane Alessandrea C. (EVP, Chief Insurance Officer) sold a total of 13,233 shares of the company’s common stock. The trade occurred on Mar 06 ’24 and was made at $14.12 per share for $0.19 million. Following the transaction, the insider now directly holds 0.21 million shares of the OSCR stock.

Still, SEC filings show that on Mar 04 ’24, Baltrus Victoria (Chief Accounting Officer) disposed off 33,707 shares at an average price of $15.88 for $0.54 million. The insider now directly holds 118,111 shares of Oscar Health Inc (OSCR).

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