In the last trading session, 1.19 million shares of the Ouster Inc (NYSE:OUST) were traded, and its beta was 2.52. Most recently the company’s share price was $7.56, and it changed around $0.53 or 7.54% from the last close, which brings the market valuation of the company to $307.47M. OUST currently trades at a discount to its 52-week high of $11.40, offering almost -50.79% off that amount. The share price’s 52-week low was $3.21, which indicates that the current value has risen by an impressive 57.54% since then. We note from Ouster Inc’s average daily trading volume that its 3-month average coming to 1.20 million.

Ouster Inc (NYSE:OUST) trade information

Instantly OUST has showed a green trend with a performance of 7.54% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -1.43% year-to-date, but still up 1.20% over the last five days. On the other hand, Ouster Inc (NYSE:OUST) is 53.04% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $10.67, which translates to bulls needing to increase their stock price by 29.15% from its current value. Analyst projections state that OUST is forecast to be at a low of $10 and a high of $12.

Ouster Inc (OUST) estimates and forecasts

Ouster Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 81.73 percent over the past six months and at a 42.90% annual growth rate that is well above the industry average of 0.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 88.10% in revenue this quarter, and will report an increase of 77.10% in the next quarter. The year-over-year growth rate is expected to be 39.50%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $25.45 million in revenue for the current quarter. 6 analysts expect Ouster Inc to make $26.67 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $17.23 million and $19.4 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 47.70%. Forecasts for the next quarter put sales growth at 37.50%.

Ouster Inc earnings are expected to increase by 48.49% in 2024, but the outlook is positive 20.00% per year for the next five years.

OUST Dividends

Ouster Inc’s next quarterly earnings report is expected to be released in May.