Ouster Inc. (NYSE:OUST)’s traded shares stood at 1.38 million during the last session. At the close of trading, the stock’s price was $7.95, to imply an increase of 2.19% or $0.17 in intraday trading. The OUST share’s 52-week high remains $17.73, putting it -123.02% down since that peak but still an impressive 6.92% since price per share fell to its 52-week low of $7.40. The company has a valuation of $1.32B, with an average of 1.18 million shares in intraday trading volume over the past 10 days and average of 1.21 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Ouster Inc. (OUST), translating to a mean rating of 1.50. Of 4 analyst(s) looking at the stock, 0 analyst(s) give OUST a Sell rating. 2 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.16.
Ouster Inc. (NYSE:OUST) trade information
After registering a 2.19% upside in the last session, Ouster Inc. (OUST) has traded red over the past five days. The stock hit a weekly high of 8.09 this Thursday, 09/16/21, jumping 2.19% in its intraday price action. The 5-day price performance for the stock is -1.12%, and -4.68% over 30 days. With these gigs, the year-to-date price performance is -41.11%. Short interest in Ouster Inc. (NYSE:OUST) saw shorts transact 7.03 million shares and set a 6.64 days time to cover.
Analysts on Wall Street suggest a consensus price target of $17.00, implying an increase of 53.24% to the stock’s current value. The extremes give us $14.00 and $20.00 for target low and target high price respectively. As such, OUST has been trading -151.57% off suggested target high and -76.1% from its likely low.
Ouster Inc. (OUST) estimates and forecasts
Revenue forecast for the current quarter as set by 2 analysts is $8.95 million. Meanwhile, for the quarter ending Dec 2021, a total of 2 analyst(s) estimate revenue growth to $11.1 million.
Ouster Inc. has its next earnings report out on May 06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Ouster Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Ouster Inc. (NYSE:OUST)’s Major holders
Ouster Inc. insiders hold 46.52% of total outstanding shares, with institutional holders owning 20.18% of the shares at 37.74% float percentage. In total, 20.18% institutions holds shares in the company, led by Tao Capital Management, LP. As of Mar 30, 2021, the company held over 11.25 million shares (or 6.97% of shares), all amounting to roughly $95.65 million.
The next major institution holding the largest number of shares is Spring Creek Capital LLC with 1.82 million shares, or about 1.13% of shares outstanding. As of the market price on Mar 30, 2021, these shares were worth $15.5 million.