In the latest trading session,, 0.83 million Oscar Health Inc (NYSE:OSCR) shares changed hands as the company’s beta touched 1.78. With the company’s most recent per share price at $14.28 changing hands around $0.78 or 5.81% at last look, the market valuation stands at $3.28B. OSCR’s current price is a discount, trading about -29.9% off its 52-week high of $18.55. The share price had its 52-week low at $3.37, which suggests the last value was 76.4% up since then. When we look at Oscar Health Inc’s average trading volume, we note the 10-day average is 2.39 million shares, with the 3-month average coming to 3.33 million.
Oscar Health Inc (NYSE:OSCR) trade information
Instantly OSCR is in green as seen in intraday trades today. With action 3.51%, the performance over the past five days has been green. The jump to weekly highs of 14.36 added 5.81% to the stock’s daily price. The company’s shares are showing year-to-date upside of 56.12%, with the 5-day performance at 3.51% in the green. However, in the 30-day time frame, Oscar Health Inc (NYSE:OSCR) is -14.72% down. Looking at the short shares, we see there were 5.44 million shares sold at short interest cover period of 1.43 days.
Oscar Health Inc (OSCR) estimates and forecasts
Data shows that the Oscar Health Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 156.46% over the past 6 months, a 81.15% in annual growth rate that is considerably higher than the industry average of 14.10%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Oscar Health Inc will rise 250.00%, while the growth in revenue is estimated to hit 357.10% for the next quarter. Year-over-year growth is forecast to reach 42.20% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $2.01 billion. 3 analysts are of the opinion that Oscar Health Inc’s revenue for the quarter ending Jun 2024 will be $2.1 billion. The company’s revenue for the corresponding quarters a year ago was $1.15 billion and $1.52 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 75.50%. The estimates for the next quarter sales put growth at 37.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -2.85%. The 2024 estimates are for Oscar Health Inc earnings to increase by 87.21%.
OSCR Dividends
Oscar Health Inc is expected to release its next quarterly earnings report between May 07 and May 13.
Oscar Health Inc (NYSE:OSCR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.32% of Oscar Health Inc shares while 80.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.27%. There are 80.19% institutions holding the Oscar Health Inc stock share, with Blackrock Inc. the top institutional holder. As of Dec 30, 2023, the company held 7.39% of the shares, roughly 14.35 million OSCR shares worth $203.93 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 7.33% or 14.24 million shares worth $202.42 million as of Dec 30, 2023.
Among Mutual Funds, the top two as of Dec 30, 2023 were Longleaf Partners Small-Cap Fund and Vanguard Total Stock Market Index Fund. With 5.71 million shares estimated at $81.16 million under it, the former controlled 2.94% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.41% of the shares, roughly 4.69 million shares worth around $66.58 million.
