In the last trading session, 1.15 million shares of the Ouster Inc (NYSE:OUST) were traded, and its beta was 2.37. Most recently the company’s share price was $7.10, and it changed around -$0.33 or -4.44% from the last close, which brings the market valuation of the company to $343.14M. OUST currently trades at a discount to its 52-week high of $16.88, offering almost -137.75% off that amount. The share price’s 52-week low was $3.67, which indicates that the current value has risen by an impressive 48.31% since then. We note from Ouster Inc’s average daily trading volume that its 10-day average is 1.2 million shares, with the 3-month average coming to 1.10 million.
Ouster Inc stock received a consensus recommendation rating of Hold, based on a mean score of 1.50. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 4 recommended OUST as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight.
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Ouster Inc (NYSE:OUST) trade information
Instantly OUST has showed a red trend with a performance of -4.44% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 8.30 on recent trading dayincreased the stock’s daily price by 14.46%. The company’s shares are currently down -7.43% year-to-date, but still down -15.27% over the last five days. On the other hand, Ouster Inc (NYSE:OUST) is 12.70% up in the 30-day period. We can see from the shorts that 6.45 million shares have been sold at a short interest cover period of 7.52 day(s).
The consensus price target as assigned by Wall Street analysts is $11.5, which translates to bulls needing to increase their stock price by 38.26% from its current value. Analyst projections state that OUST is forecast to be at a low of $10 and a high of $17.
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 fallen -21.72 percent over the past six months and at a 61.29% annual growth rate that is well above the industry average of -1.70%.
Ouster Inc earnings are expected to increase by 73.23% 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 November.
Ouster Inc (NYSE:OUST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.76% of Ouster Inc shares, and 38.87% of them are in the hands of institutional investors. The stock currently has a share float of 42.60%. Ouster Inc stock is held by 165.0 institutions, with ITAU UNIBANCO HOLDING S.A. being the largest institutional investor. By 2024-06-30, it held 0.0034% of the shares, which is about 1515.0 shares worth $14892.0.
NBT BANK N A /NY, with 0.0001% or 50.0 shares worth $492.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
