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Wednesday, March 22, 2023

Momentum Is Strong For Oscar Health Inc. (NYSE: OSCR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Oscar Health Inc. (OSCR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.17, or 4.61%, to $3.86. The Oscar Health Inc. has recorded 34,161 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Oscar Health Announces Renewed Agreement With Pharmacy Benefit Manager CVS Caremark.

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Stocks Info

The company is listed on the NYSE and operates within the Healthcare Plans industry segment. At the end of the last regular session, the stock closed at $3.69 and fluctuated between $4.1200 as its day high and $3.6700 as its day low. The current market capitalization of Oscar Health Inc. is $859.11M. A total of 1.27 million shares were traded on the day, compared to an average of 1.68M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, OSCR has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 21 SELLs from insiders. Insiders purchased 681,491 shares during that period but sold 184,790.

In the most recent transaction, Blackley Richard Scott sold 30,764 shares of OSCR for 4.88 per share on Mar 06. After the transaction, the Chief Transformation Officer now owns 369,521 company shares. In a previous transaction on Mar 06, Quane Alessandrea C. sold 12,473 shares at 4.88 per share. OSCR shares that EVP, Chief Insurance Officer owns now total 188,328.

Among the insiders who sold shares, Sankaran Sid disposed of 110,396 shares on Mar 02 at a per-share price of $4.75. This resulted in the Interim CFO holding 117,452 shares of OSCR after the transaction. In another insider transaction, Bopitiya Ranmali sold 7,252 shares at $4.75 per share on Mar 02. Company shares held by the EVP & Chief Legal Officer now total 56,038.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for OSCR in the last 3 months, the mean price target is $5.33 with high estimates of $6.75 and low estimates of $3.25. In terms of 52-week highs and lows, OSCR has a high of $10.52 and a low of $2.05.

As of this writing, OSCR has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.09 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.91 in the last quarter, which was -24.70% lower than expectations of -$0.73.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OSCR is Overweight with a score of 3.20. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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