Get in on Oscar Health Inc.’s (OSCR) buy-in window today!

Oscar Health Inc. (NYSE: OSCR) stock jumped 6.52% on Friday to $5.88 against a previous-day closing price of $5.52. With 1.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.07 million shares. During the session, the Healthcare Plans company that operates in wider Healthcare sector, reached to the highest price of $5.92 whereas the lowest price it dropped to was $5.57. The 52-week range on OSCR shows that it touched its highest point at $18.89 and its lowest point at $3.89 during that stretch. It currently has a 1-year price target of $8.21.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OSCR was up-trending over the past week, with a rise of 8.29%, but this was up by 20.49% over a month. Three-month performance dropped to -21.50% while six-month performance fell -14.91%. The stock lost -62.06% in the past year, while it has lost -25.10% so far this year. A look at the trailing 12-month EPS for OSCR yields -2.68 with Next year EPS estimates of -1.51. For the next quarter, that number is -0.48. This implies an EPS growth rate of -55.00% for this year and 34.60% for next year.

Float and Shares Shorts:

At present, 210.55 million OSCR shares are outstanding with a float of 149.67 million shares on hand for trading. On Jul 14, 2022, short shares totaled 10.32 million, which was 4.89% higher than short shares on Jun 14, 2022. In addition to Mr. Mario Tobias Schlosser as the firm’s Co-Founder, CEO & Director, Mr. Joshua Kushner serves as its Co-Founder & Vice Chairman.

Institutional Ownership:

Through their ownership of 92.99% of OSCR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 3.59% of OSCR, in contrast to 23.69% held by mutual funds. Shares owned by individuals account for 16.42%. As the largest shareholder in OSCR with 12.16% of the stake, Baillie Gifford & Co. holds 21,381,904 shares worth 21,381,904. A second-largest stockholder of OSCR, Southeastern Asset Management, In, holds 11,146,872 shares, controlling over 6.34% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in OSCR, holding 8,945,809 shares or 5.09% stake. With a 6.33% stake in OSCR, the Longleaf Partners Small Cap Fund is the largest stakeholder. A total of 11,140,551 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.06% of OSCR stock, is the second-largest Mutual Fund holder. It holds 3,618,343 shares valued at 15.38 million. Vanguard Small Cap Index Fund holds 1.77% of the stake in OSCR, owning 3,115,113 shares worth 13.24 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OSCR since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OSCR analysts setting a high price target of $12.00 and a low target of $4.50, the average target price over the next 12 months is $8.21. Based on these targets, OSCR could surge 104.08% to reach the target high and fall by -23.47% to reach the target low. Reaching the average price target will result in a growth of 39.63% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OSCR will report FY 2022 earnings on 02/09/2023. Analysts have provided yearly estimates in a range of -$2.16 being high and -$2.73 being low. For OSCR, this leads to a yearly average estimate of -$2.42. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Oscar Health Inc. surprised analysts by -$0.15 when it reported -$0.36 EPS against a consensus estimate of -$0.21. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is -$0.19 and the low estimate is -$0.85. The average estimate for the next quarter is thus -$0.48.

Summary of Insider Activity:

Insiders traded OSCR stock several times over the past three months with 13 Buys and 7 Sells. In these transactions, 317,432 shares were bought while 44,268 shares were sold. The number of buy transactions has increased to 84 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 12,619,456 while 254,971 shares were sold.

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