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Tuesday, December 5, 2023

The Question Is Whether To Buy Or Not To Buy 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 broken, with the stock’s consolidated last price falling by -$0.21, or -3.68%, to $5.50. The Oscar Health Inc has recorded 30,800 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Oscar Health, Inc. Announces 2024 Market Expansion Plans, Offering Affordable, Accessible, and Technology-Enabled Care for the Eleventh Consecutive Year.

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Stocks Info

Oscar Health Inc is listed on the NYSE as a member of the Healthcare sector and is a part of the Healthcare Plans industry. At the end of the last regular session, the stock closed at $5.71 and fluctuated between $5.90 as its day high and $5.65 as its day low. The current market capitalization of Oscar Health Inc is $1.27B. A total of 1.57 million shares were traded on the day, compared to an average of 1.57M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, OSCR has seen 12 BUY and 10 SELL insider trades, representing the acquisition of 460,890 and the disposition of 6,746,889 shares. Over the last 12 months, there were 47 BUYs and 32 SELLs from insiders. Insiders purchased 1,570,194 shares during that period but sold 7,223,065.

In the most recent transaction, Blackley Richard Scott sold 30,061 shares of OSCR for 6.26 per share on Sep 06. After the transaction, the Chief Financial Officer now owns 492,719 company shares. In a previous transaction on Sep 06, Quane Alessandrea C. sold 16,793 shares at 6.26 per share. OSCR shares that EVP, Chief Insurance Officer owns now total 267,617.

Among the insiders who sold shares, Sankaran Sid disposed of 139,635 shares on Sep 05 at a per-share price of $6.25. This resulted in the Director holding 295,687 shares of OSCR after the transaction. In another insider transaction, Blackley Richard Scott sold 22,289 shares at $6.25 per share on Sep 05. Company shares held by the Chief Financial Officer now total 460,280.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for OSCR in the last 3 months, the mean price target is $9.38 with high estimates of $12.00 and low estimates of $7.50. In terms of 52-week highs and lows, OSCR has a high of $9.89 and a low of $2.05.

As of this writing, OSCR has an earnings estimate of -$0.51 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.43 per share and a lower estimate of -$0.57. The company reported an EPS of -$0.18 in the last quarter, which was -260.00% lower than expectations of -$0.05.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s 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 $4.28, while its Total Shareholder’s Equity was $1.39B.

Analysts Opinion

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. 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 4.00.

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