ANIK

Anika Therapeutics, Inc.

62
Fundamentals64/ 100
Valuation50/ 100
Upside potential60/ 100
Risk potential33/ 100

ANIK has slightly lower modeled downside risk, despite its lower overall score.

OSCR

Oscar Health, Inc.

69
Fundamentals85/ 100
Valuation50/ 100
Upside potential61/ 100
Risk potential35/ 100

OSCR has the edge over ANIK overall, supported by stronger fundamentals and stronger modeled upside.

ANIK Fundamentals

MetricStatus
Strong
Under pressure
Stable
Strong

ANIK's revenue and balance sheet are currently strong, and its cash flow is stable, but its profitability is under pressure.

OSCR Fundamentals

MetricStatus
Strong
Healthy
Strong
Strong

OSCR's revenue, profitability, cash flow and balance sheet are all currently healthy.

ANIK PE Valuation

ANIK has no meaningful PE right now: it lost money over the past year.

OSCR PE Valuation

CHEAPFAIREXPENSIVE41x83x124x166x
CHEAPFAIREXPENSIVE41x83x124x166x
LevelPEPriceVs current
Forward12x$31.94—
Current13x$31.94—
Cheap21x$52.73+65%
Fair35x$87.23+173%
Expensive130x$322+907%

Historical ranges are pointers, not guarantees.

OSCR's PE is 13x, but its earnings don't support one, so it isn't a reliable read right now.

ANIK Forward outlook

MetricOutlook
--
Strong growth
Growth
Strongly improving
Limited
High

Analysts expect earnings and revenue growth for ANIK, with profitability improving.

OSCR Forward outlook

MetricOutlook
Improving
Strong growth
Strong growth
Strongly improving
Limited
Moderate

Analysts expect strong earnings and revenue growth for OSCR, with profitability improving.

ANIK Risk to reward

ScenarioChangePrice
Upside+50%$20.75
Downside-33%$9.23

Calculated from the latest close: $13.81 on Nov 12.

ANIK trails OSCR on modeled risk to reward, with less potential upside relative to its potential downside.

OSCR Risk to reward

ScenarioChangePrice
Upside+55%$49.45
Downside-35%$20.78

Calculated from the latest close: $31.94 on Nov 12.

OSCR has a better modeled risk to reward balance than ANIK, with more potential upside relative to its potential downside.

ANIK Earnings Per Share

Q4 2023: $-5.64Q1 2024: $-5.24Q2 2024: $-5.06Q3 2024: $-6.64Q4 2024: $-3.85Q1 2025: $-3.88Q2 2025: $-4.15Q3 2025: $-2.28Q4 2025: $-0.76Q1 2026: $-0.79Q2 2026: $-0.27Q3 2026: $-0.13Forward: $0.91
Q4 2023: $-5.64Q1 2024: $-5.24Q2 2024: $-5.06Q3 2024: $-6.64Q4 2024: $-3.85Q1 2025: $-3.88Q2 2025: $-4.15Q3 2025: $-2.28Q4 2025: $-0.76Q1 2026: $-0.79Q2 2026: $-0.27Q3 2026: $-0.13Forward: $0.91
QuarterTTM EPSYoY
Forward$0.91—
Q3 2026-$0.13+$2.15
Q2 2026-$0.27+$3.88
Q1 2026-$0.79+$3.09
Q4 2025-$0.76+$3.09
Q3 2025-$2.28+$4.36
Q2 2025-$4.15+$0.91
Q1 2025-$3.88+$1.36
Q4 2024-$3.85+$1.79

ANIK is still losing money, but far less than before: $0.13 per share over the past year, against $6.64 at its worst in late 2024.

OSCR Earnings Per Share

Q4 2023: $-1.22Q1 2024: $-0.42Q2 2024: $-0.15Q3 2024: $-0.08Q4 2024: $0.10Q1 2025: $0.40Q2 2025: $-0.69Q3 2025: $-1.00Q4 2025: $-1.69Q1 2026: $-0.54Q2 2026: $1.45Q3 2026: $2.47Forward: $2.61
Q4 2023: $-1.22Q1 2024: $-0.42Q2 2024: $-0.15Q3 2024: $-0.08Q4 2024: $0.10Q1 2025: $0.40Q2 2025: $-0.69Q3 2025: $-1.00Q4 2025: $-1.69Q1 2026: $-0.54Q2 2026: $1.45Q3 2026: $2.47Forward: $2.61
QuarterTTM EPSYoY
Forward$2.61+5.6%
Q3 2026$2.47+$3.47
Q2 2026$1.45+$2.14
Q1 2026-$0.54-235%
Q4 2025-$1.69-1790%
Q3 2025-$1.00-$0.92
Q2 2025-$0.69-$0.54
Q1 2025$0.40+$0.82
Q4 2024$0.10+$1.32

OSCR has the edge over ANIK on earnings quality, reporting a profit while its opponent remains loss making.

ANIK Quarterly Revenue

Q4 2023: $43MQ1 2024: $41MQ2 2024: $42MQ3 2024: $39MQ4 2024: −$1MQ1 2025: $26MQ2 2025: $28MQ3 2025: $28MQ4 2025: $31MQ1 2026: $30MQ2 2026: $33MQ3 2026: $31M
Q4 2023: $43MQ1 2024: $41MQ2 2024: $42MQ3 2024: $39MQ4 2024: −$1MQ1 2025: $26MQ2 2025: $28MQ3 2025: $28MQ4 2025: $31MQ1 2026: $30MQ2 2026: $33MQ3 2026: $31M
QuarterRevenueYoY
Q3 2026$30.6M+10%
Q2 2026$32.6M+16%
Q1 2026$29.6M+13%
Q3 2025$27.8M-28%
Q2 2025$28.2M-33%
Q1 2025$26.2M-35%
Q3 2024$38.8M-6.5%
Q2 2024$41.9M-5.4%

ANIK's revenue is recovering but still below its 2023 peak: $31M last quarter, up 10% from the same quarter a year ago.

OSCR Quarterly Revenue

Q4 2023: $1.4BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $3BQ2 2025: $2.9BQ3 2025: $3BQ4 2025: $2.8BQ1 2026: $4.6BQ2 2026: $4.9BQ3 2026: $5.1B
Q4 2023: $1.4BQ1 2024: $2.1BQ2 2024: $2.2BQ3 2024: $2.4BQ4 2024: $2.4BQ1 2025: $3BQ2 2025: $2.9BQ3 2025: $3BQ4 2025: $2.8BQ1 2026: $4.6BQ2 2026: $4.9BQ3 2026: $5.1B
QuarterRevenueYoY
Q3 2026$5.1B+72%
Q2 2026$4.9B+70%
Q1 2026$4.6B+53%
Q4 2025$2.8B+17%
Q3 2025$3B+23%
Q2 2025$2.9B+29%
Q1 2025$3B+42%
Q4 2024$2.4B+67%

OSCR has the edge over ANIK on sales, with more consistent year-over-year improvement.

ANIK Free Cash Flow

Q4 2023: $2MQ1 2024: −$2MQ2 2024: −$4MQ3 2024: $4MQ4 2024: $275,000Q1 2025: −$3MQ2 2025: −$2MQ3 2025: $5MQ4 2025: $4MQ1 2026: −$6MQ2 2026: −$2MQ3 2026: $7M
Q4 2023: $2MQ1 2024: −$2MQ2 2024: −$4MQ3 2024: $4MQ4 2024: $275,000Q1 2025: −$3MQ2 2025: −$2MQ3 2025: $5MQ4 2025: $4MQ1 2026: −$6MQ2 2026: −$2MQ3 2026: $7M
QuarterFree cash flowYoY
Q3 2026$6.7M+35%
Q2 2026-$2.1M-$477K
Q1 2026-$6.3M-$3.3M
Q4 2025$4M+1351%
Q3 2025$5M+31%
Q2 2025-$1.7M+$2.8M
Q1 2025-$3M-$1M
Q4 2024$275K-85%

ANIK still generates free cash flow, though less than at its 2019 peak: $2M over the past year.

OSCR Free Cash Flow

Q4 2023: $291MQ1 2024: $628MQ2 2024: $490MQ3 2024: −$508MQ4 2024: $340MQ1 2025: $870MQ2 2025: $500MQ3 2025: −$974MQ4 2025: $663MQ1 2026: $2.6BQ2 2026: $2.1BQ3 2026: −$1.2B
Q4 2023: $291MQ1 2024: $628MQ2 2024: $490MQ3 2024: −$508MQ4 2024: $340MQ1 2025: $870MQ2 2025: $500MQ3 2025: −$974MQ4 2025: $663MQ1 2026: $2.6BQ2 2026: $2.1BQ3 2026: −$1.2B
QuarterFree cash flowYoY
Q3 2026-$1.2B-$238.2M
Q2 2026$2.1B+316%
Q1 2026$2.6B+200%
Q4 2025$662.8M+95%
Q3 2025-$973.7M-$466M
Q2 2025$499.8M+2.1%
Q1 2025$869.5M+38%
Q4 2024$340M+17%

OSCR has the edge over ANIK on cash flow, with more consistent year-over-year improvement.

ANIK Total Shares

Q4 2023: 15MQ1 2024: 15MQ2 2024: 15MQ3 2024: 15MQ4 2024: 15MQ1 2025: 14MQ2 2025: 15MQ3 2025: 14MQ4 2025: 14MQ1 2026: 14MQ2 2026: 14MQ3 2026: 13M
Q4 2023: 15MQ1 2024: 15MQ2 2024: 15MQ3 2024: 15MQ4 2024: 15MQ1 2025: 14MQ2 2025: 15MQ3 2025: 14MQ4 2025: 14MQ1 2026: 14MQ2 2026: 14MQ3 2026: 13M
PeriodChange %Net change
Quarterly-2.4%-329K shares
1 year-7.2%-1M shares
3 years-8.5%-1.2M shares
5 years-8.6%-1.3M shares
Available history-8.4%-1.2M shares

ANIK has the edge over OSCR on shareholder dilution, with a more favorable share count trend.

OSCR Total Shares

Q4 2023: 222MQ1 2024: 294MQ2 2024: 304MQ3 2024: 243MQ4 2024: 266MQ1 2025: 306MQ2 2025: 256MQ3 2025: 259MQ4 2025: 262MQ1 2026: 330MQ2 2026: 333MQ3 2026: 346M
Q4 2023: 222MQ1 2024: 294MQ2 2024: 304MQ3 2024: 243MQ4 2024: 266MQ1 2025: 306MQ2 2025: 256MQ3 2025: 259MQ4 2025: 262MQ1 2026: 330MQ2 2026: 333MQ3 2026: 346M
PeriodChange %Net change
Quarterly+3.9%+13M shares
1 year+34%+87.2M shares
3 years+55%+123M shares
5 years+66%+138M shares
Available history+71%+143M shares

OSCR has 346M diluted shares, up 34% from a year ago.

ANIK Net Leverage

Q3 2025: -1.9xQ4 2025: -8.8xQ1 2026: -7.6xQ2 2026: -3.0xQ3 2026: -14.7x
Q3 2025: -1.9xQ4 2025: -8.8xQ1 2026: -7.6xQ2 2026: -3.0xQ3 2026: -14.7x
QuarterNet LeverageStatus
Q3 2026-14.7xNet Cash
Q2 2026-3.0xNet Cash
Q1 2026-7.6xNet Cash
Q4 2025-8.8xNet Cash
Q3 2025-1.9xNet Cash
Q1 2022-36.9xNet Cash
Q4 2021-10.4xNet Cash
Q3 2021-45.8xNet Cash

ANIK has the edge over OSCR on leverage, with a lower net debt burden relative to earnings.

OSCR Net Leverage

Q1 2024: -217.7xQ2 2024: -24.0xQ3 2024: -10.1xQ4 2024: -13.7xQ1 2025: -9.7xQ1 2026: -110.0xQ2 2026: -5.5xQ3 2026: -4.2x
Q1 2024: -217.7xQ2 2024: -24.0xQ3 2024: -10.1xQ4 2024: -13.7xQ1 2025: -9.7xQ1 2026: -110.0xQ2 2026: -5.5xQ3 2026: -4.2x
QuarterNet LeverageStatus
Q3 2026-4.2xNet Cash
Q2 2026-5.5xNet Cash
Q1 2026-110.0xNet Cash
Q1 2025-9.7xNet Cash
Q4 2024-13.7xNet Cash
Q3 2024-10.1xNet Cash
Q2 2024-24.0xNet Cash
Q1 2024-217.7xNet Cash

OSCR has more cash than debt.

ANIK Weekly Momentum

MetricValueStatus
RSI35.5Neutral
Stochastic29.4Neutral

ANIK's weekly RSI is 36 (neutral) and its Stochastic is 29 (neutral).

OSCR Weekly Momentum

MetricValueStatus
RSI58.7Neutral
Stochastic44.9Neutral

OSCR's weekly RSI is 59 (neutral) and its Stochastic is 45 (neutral).

ANIK PE vs Healthcare Sector

MetricANIKSector medianRelative
PEN/A26x—

ANIK has no meaningful PE right now: it lost money over the past year.

OSCR PE vs Healthcare Sector

MetricOSCRSector medianRelative
PE13x26x50% below
PE %33532 pts below

OSCR is trading at 13x earnings, a 50% discount to the Healthcare sector's median of 26x, though its earnings don't support one.

ANIK Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$18.726% below
20 week MA$18.927% below
50 week MA$15.29% below
100 week MA$13.80.1% above
200 week MA$19.027% below

ANIK's trend is mixed: it's above one of its five weekly moving averages, and 27% below its 200-week average.

OSCR Weekly Moving Averages

Moving averageMA priceRelative
8 week MA$31.22.3% above
20 week MA$31.12.8% above
50 week MA$22.939% above
100 week MA$19.365% above
200 week MA$15.5106% above

OSCR has the edge over ANIK on trend strength, trading above more of its moving averages.

ANIK Yearly ROI

YearStart priceEnd priceROI
2020$52.8$43.2-18%
2021$43.2$38.0-12%
2022$38.0$27.9-27%
2023$27.9$22.7-19%
2024$22.7$16.2-28%
2025$16.2$9.55-41%
2026 YTD$9.55$13.8+45%

ANIK has finished every year since 2020 lower, and it's up 45% so far in 2026.

OSCR Yearly ROI

YearStart priceEnd priceROI
2021$31.0$8.02-74%
2022$8.02$2.21-72%
2023$2.21$9.15+314%
2024$9.15$13.8+51%
2025$13.8$14.9+8%
2026 YTD$14.9$31.9+114%

OSCR has the edge over ANIK on returns for 2026, with the stronger performance.

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