In yesterday’s Wall Street session, Oscar Health Inc (NYSE:OSCR) shares traded at $19.50, down -1.02% from the previous session.
OSCR stock price is now 7.91% away from the 50-day moving average and 68.78% away from the 200-day moving average. The market capitalization of the company currently stands at $4.63B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $28, Robert W. Baird recently initiated with Outperform rating for Oscar Health Inc (NYSE: OSCR). On May 30, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $25 to quote $21, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, Quane Alessandrea C., EVP, Chief Insurance Officer sold 668 shares of the company’s stock on Jun 04 ’24. The stock was sold for $12,752 at an average price of $19.09. Upon completion of the transaction, the EVP, Chief Insurance Officer now directly owns 236,679 shares in the company, valued at $4.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Chief Financial Officer Blackley Richard Scott sold 626 shares of the business’s stock. A total of $11,950 was realized by selling the stock at an average price of $19.09. This leaves the insider owning 642,920 shares of the company worth $12.54 million. A total of 30.27% of the company’s stock is owned by insiders.
During the past 12 months, Oscar Health Inc has had a low of $4.72 and a high of $23.44. The fifty day moving average price for OSCR is $18.1816 and a two-hundred day moving average price translates $11.61595 for the stock.
The latest earnings results from Oscar Health Inc (NYSE: OSCR) was released for 2024-03-31. The net profit margin was -0.82% and return on equity was -5.46% for OSCR. The company reported revenue of $2.14 billion for the quarter, compared to $1.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.77 percent.
