Ouster Inc (NYSE:OUST) has a beta value of 2.49 and has seen 1.22 million shares traded in the last trading session. The company, currently valued at $384.33M, closed the last trade at $9.45 per share which meant it lost -$0.15 on the day or -1.56% during that session. The OUST stock price is -20.63% off its 52-week high price of $11.40 and 66.03% above the 52-week low of $3.21. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.74 million shares traded. The 3-month trading volume is 1.17 million shares.
Ouster Inc (NYSE:OUST) trade information
Sporting -1.56% in the red in last session, the stock has traded in the red over the last five days, when the OUST stock price touched $9.45 or saw a rise of 17.11%. Year-to-date, Ouster Inc shares have moved 23.21%, while the 5-day performance has seen it change -4.16%. Over the past 30 days, the shares of Ouster Inc (NYSE:OUST) have changed 76.97%. Short interest in the company has seen 4.4 million shares shorted with days to cover at 7.29.
Ouster Inc (OUST) estimates and forecasts
Figures show that Ouster Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 105.43% over the past 6 months, with this year growth rate of 42.90%, compared to 1.10% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 86.90% and 75.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 40.10%.
5 analysts offering their estimates for the company have set an average revenue estimate of $25.44 million for the current quarter. 5 have an estimated revenue figure of $26.71 million for the next quarter concluding in Jun 2024. Year-ago sales stood $17.23 million and $19.4 million respectively for this quarter and the next, and analysts expect sales will grow by 47.60% for the current quarter and 37.70% for the next.
Earnings growth for 2024 is a modest 47.06% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
OUST Dividends
Ouster Inc is expected to release its next earnings report on March 26 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Ouster Inc (NYSE:OUST)’s Major holders
Insiders own 15.80% of the company shares, while shares held by institutions stand at 30.74% with a share float percentage of 36.51%. Investors are also buoyed by the number of investors in a company, with Ouster Inc having a total of 137 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc with over 1.9 million shares worth more than $9.36 million. As of Jun 29, 2023, Vanguard Group Inc held 4.80% of shares outstanding.
The other major institutional holder is Tao Capital Management, LP, with the holding of over 1.13 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $5.56 million and represent 2.85% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Information Technology Index Fund. As of Jun 29, 2023, the former fund manager holds about 2.32% shares in the company for having 0.92 million shares of worth $4.53 million while later fund manager owns 0.48 million shares of worth $3.25 million as of May 30, 2023, which makes it owner of about 1.21% of company’s outstanding stock.
