Oscar Health Inc (NYSE:OSCR) shares, rose in value, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $17.59.
Actively observing the price movement in the last trading, the stock closed the session at $17.40. Referring to stock’s 52-week performance, its high was $18.55, and the low was $4.72. On the whole, OSCR has fluctuated by 30.30% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.33B, with a low estimate of 1.96B and a high estimate of 2.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OSCR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OSCR currently trading nearly 17.43% and 15.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.73, while the 7-day volatility ratio is showing 7.39% which for the 30-day chart, stands at 6.08%. Furthermore, Oscar Health Inc (OSCR)’s beta value is 1.68, and its average true range (ATR) is 0.93.
A comparison of Oscar Health Inc (OSCR) with its peers suggests the former has fared considerably weaker in the market. OSCR showed an intraday change of 1.09% in last session, and over the past year, it grew by 200.68%%.
Data on historical trading for Oscar Health Inc (NYSE:OSCR) indicates that the trading volumes over the past 3 months, they’ve averaged 3.16 million. According to company’s latest data on outstanding shares, there are 193.87 million shares outstanding.
Nearly 37.22% of Oscar Health Inc’s shares belong to company insiders and institutional investors own 46.06% of the company’s shares. The stock has risen by 92.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OSCR stock heading into the next quarter.
