Can Ouster Inc. (NYSE: OUST) Still Be Considered A Loss When It’s Down -62.69% YTD? – Marketing Sentinel
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Can Ouster Inc. (NYSE: OUST) Still Be Considered A Loss When It’s Down -62.69% YTD?

During the last session, Ouster Inc. (NYSE:OUST)’s traded shares were 2.24 million. At the end of the trading day, the stock’s price was $1.94, reflecting an intraday loss of -2.02% or -$0.04. The 52-week high for the OUST share is $10.64, that puts it down -448.45 from that peak though still a striking 21.65% gain since the share price plummeted to a 52-week low of $1.52. The company’s market capitalization is $325.40M, and the average intraday trading volume over the past 10 days was 1.1 million shares, and the average trade volume was 1.73 million shares over the past three months.

Ouster Inc. (OUST) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 1.60. OUST has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.17.

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Ouster Inc. (NYSE:OUST) trade information

Ouster Inc. (OUST) registered a -2.02% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.02% in intraday trading to $1.94 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 10.86%, and it has moved by 23.57% in 30 days. Based on these gigs, the overall price performance for the year is -79.21%. The short interest in Ouster Inc. (NYSE:OUST) is 10.72 million shares and it means that shorts have 6.21 day(s) to cover.

The consensus price target of analysts on Wall Street is $9.67, which implies an increase of 79.94% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $16.00 respectively. As a result, OUST is trading at a discount of -724.74% off the target high and -3.09% off the low.

Ouster Inc. (OUST) estimates and forecasts

Statistics show that Ouster Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Ouster Inc. (OUST) shares have gone down -45.35% during the last six months, with a year-to-date growth rate less than the industry average at -8.70% against 3.50. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 19.00% this quarter and then drop -137.50% in the quarter after that. In the rating firms’ projections, revenue will increase 107.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $11.19 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $18.95 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $7.36 million and $8.9 million respectively. In this case, analysts expect current quarter sales to grow by 52.00% and then jump by 112.90% in the coming quarter.

While earnings are projected to return -6.00% in 2022, the next five years will return 20.00% per annum.

OUST Dividends

Ouster Inc. is due to release its next quarterly earnings on November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Ouster Inc. (NYSE:OUST)’s Major holders

Ouster Inc. insiders own 35.30% of total outstanding shares while institutional holders control 30.95%, with the float percentage being 47.83%. Tao Capital Management, LP is the largest shareholder of the company, while 159 institutions own stock in it. As of Mar 30, 2022, the company held over 11.25 million shares (or 6.48% of all shares), a total value of $50.64 million in shares.

The next largest institutional holding, with 8.7 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 5.01% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $39.14 million.

Also, the Mutual Funds coming in first place with the largest holdings of Ouster Inc. (OUST) shares are iShares Russell 2000 ETF and Vanguard Small-Cap Index Fund. Data provided on Jun 29, 2022 indicates that iShares Russell 2000 ETF owns about 3.06 million shares. This amounts to just over 1.76 percent of the company’s overall shares, with a $4.95 million market value. The same data shows that the other fund manager holds slightly less at 3.04 million, or about 1.75% of the stock, which is worth about $13.68 million.

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