Oscar Health Inc (NYSE:OSCR) does about 3.16M shares in volume on a normal day but saw 9174495 shares change hands in Tuesday’s trading. The company now has a market cap of 4.69B USD. Its current market price is $19.77, marking an increase of 4.22% compared to the previous close of $18.97. The 52 week high reached by this stock is $19.04 whilst the lowest price level in 52 weeks is $4.72.
Oscar Health Inc (OSCR) has a 20-day trading average at $16.84 and the current price is 3.83% off the 52-week high compared with 318.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $15.44 and its 200-day simple moving average is $10.18. If we look at the stock’s price movements over the week, volatility stands at 7.18%, which decreases to 6.53% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 77.46 to suggest the stock is overbought.
The consensus objective for the share price is $20.20, suggesting that the stock has a potential upside of 2.13% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 22, 2024 when Raymond James initiated the stock to “Outperform” and issued a price target of $20. BofA Securities upgraded the stock to “Buy” from Neutral on November 02, 2023 at a price target of $8-$9. BofA Securities upgraded its price target at $5.40-$8.75.
Oscar Health Inc (OSCR) stock is up 13.82% over the week and 33.85% over the past month. Its price is 116.07% year-to-date and 175.73% over the past year.
To reach the target analysts have set, the stock logically needs to grow 2.13 percent from here.
The company has a return on investment of -24.55% and return on equity of -31.96%. The forward price to earnings ratio is 49.57. The beta has a value of 1.66. Price to book ratio is 5.64 and price to sales ratio is 0.80.
