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Monday, June 5, 2023

Oscar Health Inc. (OSCR) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Oscar Health Inc. (OSCR) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.22, or 2.94%, to $7.70. The Oscar Health Inc. has recorded 71,552 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Oscar Health Announces Results for First Quarter 2023 With Meaningful YoY Improvements Across all KPIs.

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Stocks Info

Oscar Health Inc. is listed on the NYSE in the Healthcare sector while operating in the Healthcare Plans industry. At the end of the last regular session, the stock closed at $7.48 and fluctuated between $7.80 as its day high and $7.19 as its day low. The current market capitalization of Oscar Health Inc. is $1.66B. A total of 2.41 million shares were traded on the day, compared to an average of 3.51M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OSCR has seen 8 BUY and 7 SELL insider trades, representing the acquisition of 364,987 and the disposition of 171,612 shares. Over the last 12 months, there were 41 BUYs and 28 SELLs from insiders. Insiders purchased 1,046,478 shares during that period but sold 356,402.

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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OSCR in the last 3 months, the mean price target is $7.07 with high estimates of $9.00 and low estimates of $5.40. In terms of 52-week highs and lows, OSCR has a high of $8.08 and a low of $2.05.

As of this writing, OSCR has an earnings estimate of -$0.26 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.34. The company reported an EPS of -$1.05 in the last quarter, which was 9.50% higher than expectations of -$1.16.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OSCR’s latest balance sheet shows that the firm has $1.69B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $4.29, while its Total Shareholder’s Equity was $1.39B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.20.

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