How Oak Street Health Inc. (OSH) Works From A Technical Perspective

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Oak Street Health Inc. (NYSE:OSH) finished Thursday with an addition of $0.21 to close at $26.22, an upside of 0.81 percent. An average of 2,687,460 shares of common stock have been traded in the last five days. There was a fall of -$2.63 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 1,898,675 shares traded, while the 50-day average volume stands at 2,132,258.

OSH stock has decreased by -1.09% in the last month. The company shares reached their 1-month lowest point of $23.81 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $13.29 and a high of $51.36 in 52 weeks. It has reached a new high 1 time so far this year and lost -20.88% or -$6.92 in price. In spite of this, the price is down -48.95% from the 52-week high.


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Insider Transactions

7 days have passed since Oak Street Health Inc. (OSH) last reported insider trading activity. Newlight Partners LP, who is Director, most recently acquired $838,496 shares at $24.72 per share on Sep 16. In this transaction, the insider spent $20,727,621. Chief Medical Officer, MYERS GRIFFIN, disposed of 50,000 shares at a price of $27.39 on Sep 08. The insider now owns more than $1,369,481 worth of shares. Prior to that, Chief Innovation Officer PRICE GEOFFREY M went on to Sale 40,000 shares at $24.90 each on Sep 06. An amount of $996,187 was transacted.

Financial Health

The quick ratio of Oak Street Health Inc. for the three months ended March 30 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Its gross profit as reported stood at $29.9 million compared to revenue of $1.43 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Oak Street Health Inc.’s return on assets was -22.50%.

Earnings Surprise

For the three-month period that ended March 30, Oak Street Health Inc. had $429.5 million in cash and short-term investments compared to $903.6 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$149.1 million in the quarter, while revenues of -$96.5 million were grew 34.27%. The analyst consensus anticipated Oak Street Health Inc.’s latest quarter earnings to come in at -$0.39 per share, but it turned out to be -$0.43, a -10.30% surprise. For the quarter, EBITDA amounted to -$101.3 million. Shareholders own equity worth $241.39 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Oak Street Health Inc. (OSH) price momentum. RSI 9-day as of the close on 22 September was 42.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 38.31%.

As of today, OSH’s price is $26.81 -9.12% or -$2.63 from its 5-day moving average. OSH is currently trading -8.23% lower than its 20-day SMA and +44.94% higher than its 100-day SMA. However, the stock’s current price level is +18.54% above the SMA50 and -12.95% below the SMA200.

The stochastic %K and %D were 41.35% and 49.04%, respectively, and the average true range (ATR) was 1.72. With the 14-day stochastic at 46.71% and the average true range at 1.62, the RSI (14) stands at 45.94%. The stock has reached -1.16 on the 9-day MACD Oscillator while the 14-day reading was at -0.88.

Analyst Ratings

Goldman downgraded Oak Street Health Inc. (NYSE: OSH) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Oak Street Health Inc. (OSH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OSH, while 6 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 10 others rate it as a “buy”.

What is OSH’s price target for the next 12 months?

Analysts predict a range of price targets between $25.00 and $50.00, with a median target of $34.50. Taking a look at these predictions, the average price target given by analysts for Oak Street Health Inc. (OSH) stock is $34.39.

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