Oscar Health Inc (NYSE: OSCR) Could Make Significant Gains?

In the latest trading session, 1.03 million Oscar Health Inc (NYSE:OSCR) shares changed hands as the company’s beta touched 1.65. With the company’s most recent per share price at $18.47 changing hands around $0.45 or 2.50% at last look, the market valuation stands at $4.38B. OSCR’s current price is a discount, trading about -1.19% off its 52-week high of $18.69. The share price had its 52-week low at $4.72, which suggests the last value was 74.45% up since then. When we look at Oscar Health Inc’s average trading volume, we note the 3-month average coming to 3.13 million.

Oscar Health Inc (NYSE:OSCR) trade information

Instantly OSCR is in green as seen in intraday trades today. With action 6.15%, the performance over the past five days has been green. The jump to weekly highs of 18.71 added 2.50% to the stock’s daily price. The company’s shares are showing year-to-date upside of 101.86%, with the 5-day performance at 6.15% in the green. However, in the 30-day time frame, Oscar Health Inc (NYSE:OSCR) is 28.26% up.

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 235.21% over the past 6 months, a 81.15% in annual growth rate that is considerably higher than the industry average of 12.70%. 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 2.01B. 3 analysts are of the opinion that Oscar Health Inc’s revenue for the current quarter will be 2.1B. The company’s revenue for the corresponding quarters a year ago was 1.15B and 1.52B 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%.