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Ouster Inc. (NYSE: OUST)’s Stock Is Up 45.59%, A Prediction For What Could Come Next

During the last session, Ouster Inc. (NYSE:OUST)’s traded shares were 1.09 million. At the end of the trading day, the stock’s price was $5.90, reflecting an intraday loss of -8.24% or -$0.53. The 52-week high for the OUST share is $23.00, that puts it down -289.83 from that peak though still a striking 45.59% gain since the share price plummeted to a 52-week low of $3.21. The company’s market capitalization is $228.47M, and the average intraday trading volume over the past 10 days was 1.46 million shares, and the average trade volume was 820.34K 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 2.40. OUST has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 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 -$1.3.

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Ouster Inc. (NYSE:OUST) trade information

Ouster Inc. (OUST) registered a -8.24% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -8.24% in intraday trading to $5.90 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 3.69%, and it has moved by 82.10% in 30 days. Based on these gigs, the overall price performance for the year is -74.57%. The short interest in Ouster Inc. (NYSE:OUST) is 3.1 million shares and it means that shorts have 3.39 day(s) to cover.

The consensus price target of analysts on Wall Street is $9.79, which implies an increase of 39.73% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $17.50 respectively. As a result, OUST is trading at a discount of -196.61% off the target high and 15.25% 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 -52.42% during the last six months, with a year-to-date growth rate less than the industry average at -20.00% against 3.90. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 18.80% this quarter and then jump 40.00% in the quarter after that. In the rating firms’ projections, revenue will increase 99.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $19.28 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $21.68 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $10.33 million and $11.2 million respectively. In this case, analysts expect current quarter sales to grow by 86.70% and then jump by 93.50% in the coming quarter.

While earnings are projected to return -11.00% in 2023, the next five years will return 20.00% per annum.

OUST Dividends

Ouster Inc. is due to release its next quarterly earnings on May 11. 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 21.02% of total outstanding shares while institutional holders control 14.42%, with the float percentage being 18.26%. Blackrock Inc. is the largest shareholder of the company, while 160 institutions own stock in it. As of Mar 30, 2023, the company held over 1.93 million shares (or 4.97% of all shares), a total value of $16.14 million in shares.

The next largest institutional holding, with 1.87 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 4.83% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $15.68 million.

Also, the Mutual Funds coming in first place with the largest holdings of Ouster Inc. (OUST) shares are iShares Russell 2000 ETF and SPDR (R) Ser Tr-SPDR� Kensho New Economies Composite ETF. Data provided on Feb 27, 2023 indicates that iShares Russell 2000 ETF owns about 0.7 million shares. This amounts to just over 0.18 percent of the company’s overall shares, with a $8.34 million market value. The same data shows that the other fund manager holds slightly less at 0.5 million, or about 0.13% of the stock, which is worth about $4.18 million.

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