OSCR was heavily shorted this past week despite growing fundamentals. The market seems split on the stock. I see heavy growth of baseline revenue, and operating cash flow turning positive. If the company makes 15 billion in revenue in 2023 with a 6% margin that will be 900 million in earnings. This would equate to a 30 billion dollar market cap with a similar multiple. If ICHRA can expand the way the CEO predicts, an untapped 100 billion dollar market awaits. Since Oscar has utilized Ai as they built the platform, their Margins should be higher than traditional insurance companies, they will be more efficient.
TA wise: I see a massive volume swell, resetting stochastic, and a cooling BBWP.
I will see covered calls around 16=18$ again and offload some LEAPs if we get another huge pump.
TA wise: I see a massive volume swell, resetting stochastic, and a cooling BBWP.
I will see covered calls around 16=18$ again and offload some LEAPs if we get another huge pump.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.