Oscar Health Inc. (NYSE:OSCR) marked $3.04 per share on Tuesday, down from a previous closing price of $3.16. While Oscar Health Inc. has underperformed by -3.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OSCR fell by -50.65%, with highs and lows ranging from $10.52 to $2.05, whereas the simple moving average fell by -37.68% in the last 200 days.
On November 16, 2022, Wells Fargo Upgraded Oscar Health Inc. (NYSE: OSCR) to Overweight. A report published by Morgan Stanley on November 14, 2022, Downgraded its rating to ‘Equal-Weight’ for OSCR. BofA Securities also Downgraded OSCR shares as ‘Underperform’, setting a target price of $4.50 on the company’s shares in a report dated June 15, 2022. BofA Securities May 26, 2022d the rating to Neutral on May 26, 2022, and set its price target from $12 to $6. Goldman February 14, 2022d its ‘Neutral’ rating to ‘Sell’ for OSCR, as published in its report on February 14, 2022. Wells Fargo’s report from January 06, 2022 suggests a price prediction of $9 for OSCR shares, giving the stock a ‘Equal Weight’ rating. Goldman also rated the stock as ‘Sell’.
Analysis of Oscar Health Inc. (OSCR)
Further, the quarter-over-quarter increase in sales is 120.40%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Oscar Health Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -45.90% is sufficient for you to turn a profit off your investment.
An average volume of 1.72M can be a very valuable indicator of volatility for OSCR stock. Furthermore, long-term investors anticipate a median target price of $4.19, showing growth from the present price of $3.04, which can serve as yet another indication of whether OSCR is worth investing in or should be passed over.
How Do You Analyze Oscar Health Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.40%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 88.30% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in OSCR shares?
The recent increase in stakes in OSCR appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc. made another increased to its shares in OSCR during the first quarter, upping its stake by 13.25%. During the last quarter, the company picked up 1,296,306 additional shares for a total stake of worth $27.26 million, bringing number of shares owned by the company to 11,079,716.
During the first quarter, BlackRock Fund Advisors added a 1,104,877 position in OSCR. Baillie Gifford & Co. sold an additional -14.94 million shares in the last quarter, decreasing its holdings by -73.34%, now holding 5.43 million shares worth $13.36 million. OSCR shares are owned by institutional investors to the tune of 88.30% at present.