Oscar Health Inc (NYSE: OSCR): Are We Watching A Disaster Or Are We Buying A Gold Mine?

In today’s recent session, 0.84 million shares of the Oscar Health Inc (NYSE:OSCR) have been traded, and its beta is 1.64. Most recently the company’s share price was $17.70, and it changed around -$0.05 or -0.29% from the last close, which brings the market valuation of the company to $4.20B. OSCR at last check was trading at a discount to its 52-week high of $23.44, offering almost -32.43% off that amount. The share price’s 52-week low was $4.72, which indicates that the recent value has risen by an impressive 73.33% since then. We note from Oscar Health Inc’s average daily trading volume that its 3-month average coming to 3.17 million.

Oscar Health Inc (NYSE:OSCR) trade information

Instantly OSCR has been showing red trend so far today with a performance of -0.29% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently up 93.43% year-to-date, but still down -5.85% over the last five days. On the other hand, Oscar Health Inc (NYSE:OSCR) is -15.56% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $18.25, which translates to bulls needing to increase their stock price by 3.01% from its current value. Analyst projections state that OSCR is forecast to be at a low of $5 and a high of $27.

Oscar Health Inc (OSCR) estimates and forecasts

Oscar Health Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 96.44 percent over the past six months and at a 95.08% annual growth rate that is well above the industry average of 9.40%. The year-over-year growth rate is expected to be 47.70%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 2.18B in revenue for the current quarter. 4 analysts expect Oscar Health Inc to make 2.18B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.52B and 1.44B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 43.30%. Forecasts for the next quarter put sales growth at 51.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -2.85%.

OSCR Dividends

Oscar Health Inc’s next quarterly earnings report is expected to be released in July.