Oscar Health Shares Quadrupled, But They Are Still Cheap

Jul. 03, 2023 1:38 AM ETOscar Health, Inc. (OSCR) StockOSCR6 Comments
Shareholders Unite
Investing Group Leader

Summary

  • Even with a (most likely temporary) halt in two important markets, Florida and California producing a small retreat in membership growth, Oscar Health is still making considerable progress.
  • It had its first AEBITDA profitable quarter, and although it will still produce losses for the year, its cash burn will decline, and profitability is in sight next year.
  • Even after having quadrupled in just under 6 months, the shares are still dirt cheap if that progress continues according to plan.
  • But keep in mind, there are many moving parts that, while unlikely to completely derail the progress, can still dent it in unexpected ways.
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Focused, serious medical scientists analyzing research scans on a computer, working late in the laboratory. Lab workers examine and talk about results from a checkup while working overtime

Sean Anthony Eddy

Oscar Health (NYSE:OSCR) provides a digital AI-driven health insurance platform that matches policy seekers to the best health plans, mostly on the ACA (the Affordable Care Act).

The company claims that it is reinventing the industry with its AI-based digital

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This article was written by

Shareholders Unite
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of OSCR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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