Investors Getting Picky When It Comes To Buying Oscar Health Inc (OSCR)

Oscar Health Inc (NYSE:OSCR) does about 3.01M shares in volume on a normal day but saw 7020093 shares change hands in Friday’s trading. The company now has a market cap of 4.58B USD. Its current market price is $19.32, marking a decrease of -0.92% compared to the previous close of $19.50. The 52 week high reached by this stock is $23.44 whilst the lowest price level in 52 weeks is $4.72.

Oscar Health Inc (OSCR) has a 20-day trading average at $20.99 and the current price is -17.58% off the 52-week high compared with 309.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $18.28 and its 200-day simple moving average is $11.68. If we look at the stock’s price movements over the week, volatility stands at 6.61%, which decreases to 5.50% 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 46.35 to suggest the stock is neutral.

The consensus objective for the share price is $25.00, suggesting that the stock has a potential upside of 22.72% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 30, 2024 when Robert W. Baird initiated the stock to “Outperform” and issued a price target of $28. BofA Securities downgraded the stock to “Neutral” from Buy on May 30, 2024 at a price target of $25-$21. Raymond James initiated its price target at $20.

Oscar Health Inc (OSCR) stock is down -3.21% over the week and -6.85% over the past month. Its price is 111.15% year-to-date and 117.08% over the past year.

To reach the target analysts have set, the stock logically needs to grow 22.72 percent from here.

The company has a return on investment of -4.03% and return on equity of -5.46%. The forward price to earnings ratio is 37.03. The beta has a value of 1.68. Price to book ratio is 4.42 and price to sales ratio is 0.70.