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Is Ouster Inc.’s -86.42% Fall This Year Is A Better Investing Opportunity?

In last trading session, Ouster Inc. (NYSE:OUST) saw 3.98 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.02 trading at $0.03 or 3.47% at ring of the bell on the day assigns it a market valuation of $199.50M. That closing price of OUST’s stock is at a discount of -679.41% from its 52-week high price of $7.95 and is indicating a premium of 2.94% from its 52-week low price of $0.99. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.24 million shares which gives us an average trading volume of 1.52 million if we extend that period to 3-months.

For Ouster Inc. (OUST), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.17 in the current quarter.

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Ouster Inc. (NYSE:OUST) trade information

Upright in the green during last session for gaining 3.47%, in the last five days OUST remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $1.02 price level, adding 20.93% to its value on the day. Ouster Inc.’s shares saw a change of -80.38% in year-to-date performance and have moved -19.69% in past 5-day. Ouster Inc. (NYSE:OUST) showed a performance of -30.14% in past 30-days. Number of shares sold short was 10.72 million shares which calculate 6.21 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $5.33 to the stock, which implies a rise of 80.86% to its current value. Analysts have been projecting $2.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -880.39% in reaching the projected high whereas dropping to the targeted low would mean a loss of -96.08% for stock’s current value.

Ouster Inc. (OUST) estimates and forecasts

Statistics highlight that Ouster Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -73.58% of value to its shares in past 6 months, showing an annual growth rate of -5.80% while that of industry is 1.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 19.00% in the current quarter and calculating -137.50% decrease in the next quarter. This year revenue growth is estimated to rise 107.50% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $11.19 million for the same. And 5 analysts are in estimates of company making revenue of $18.95 million in the next quarter that will end on Sep 2022. Company posted $7.36 million and $8.9 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 52.00% while estimating it to be 112.90% for the next quarter.

In 2022, company’s earnings growth rate is likely to be around -6.00% while estimates for its earnings growth in next 5 years are of 20.00%.

OUST Dividends

Ouster Inc. is more likely to be releasing its next quarterly report on November 08 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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

Insiders are in possession of 35.30% of company’s total shares while institution are holding 30.95 percent of that, with stock having share float percentage of 47.83%. Investors also watch the number of corporate investors in a company very closely, which is 30.95% institutions for Ouster Inc. that are currently holding shares of the company. Tao Capital Management, LP is the top institutional holder at OUST for having 11.25 million shares of worth $50.64 million. And as of Mar 30, 2022, it was holding 6.48% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 8.7 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 5.01% of outstanding shares, having a total worth of $39.14 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 3.06 million shares of worth $4.95 million or 1.76% of the total outstanding shares. The later fund manager was in possession of 3.04 million shares on Mar 30, 2022, making its stake of worth around $13.68 million in the company or a holder of 1.75% of company’s stock.

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