Look For Institutional Buying In Oscar Health Inc (NYSE: OSCR)

Oscar Health Inc (OSCR) concluded trading on Wednesday at a closing price of $18.20, with 3.19 million shares of worth about $58.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.20% during that period and on August 14, 2024 the price saw a loss of about -0.44%. Currently the company’s common shares owned by public are about 193.87M shares, out of which, 166.56M shares are available for trading.

Stock saw a price change of 8.98% in past 5 days and over the past one month there was a price change of 12.42%. Year-to-date (YTD), OSCR shares are showing a performance of 98.91% which increased to 162.25% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.72 but also hit the highest price of $23.44 during that period. The average intraday trading volume for Oscar Health Inc shares is 3.26 million. The stock is currently trading 9.10% above its 20-day simple moving average (SMA20), while that difference is up 4.76% for SMA50 and it goes to 27.84% higher than SMA200.

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Oscar Health Inc (NYSE: OSCR) currently have 193.87M outstanding shares and institutions hold larger chunk of about 58.66% of that.

The stock has a current market capitalization of $4.32B and its 3Y-monthly beta is at 1.60. It has posted earnings per share of -$0.13 in the same period. It has a debt-to-equity ratio of 0.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OSCR, volatility over the week remained 7.14% while standing at 7.10% over the month.

Stock’s fiscal year EPS is expected to rise by 104.37% while it is estimated to increase by 984.38% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Piper Sandler on June 26, 2024 offering an Overweight rating for the stock and assigned a target price of $25 to it. Coverage by Robert W. Baird stated Oscar Health Inc (OSCR) stock as an Outperform in their note to investors on May 30, 2024, suggesting a price target of $28 for the stock. On May 30, 2024, BofA Securities Downgrade their recommendations, while on March 22, 2024, Raymond James Initiated their ratings for the stock with a price target of $20. Stock get a Buy rating from BofA Securities on November 02, 2023.

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