Ouster Inc (NYSE:OUST)’s traded shares stood at 1.34 million during the last session, with the company’s beta value hitting 2.48. At the close of trading, the stock’s price was $9.11, to imply a decrease of -6.76% or -$0.66 in intraday trading. The OUST share’s 52-week high remains $16.88, putting it -85.29% down since that peak but still an impressive 49.95% since price per share fell to its 52-week low of $4.56. The company has a valuation of $453.41M, with an average of 1.48 million shares in intraday trading volume over the past 10 days and average of 1.20 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Ouster Inc (OUST), translating to a mean rating of 1.00. Of 3 analyst(s) looking at the stock, 0 analyst(s) give OUST a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.57.
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Ouster Inc (NYSE:OUST) trade information
After registering a -6.76% downside in the last session, Ouster Inc (OUST) has traded red over the past five days. The 5-day price performance for the stock is 16.35%, and 27.95% over 30 days. With these gigs, the year-to-date price performance is 18.77%. Short interest in Ouster Inc (NYSE:OUST) saw shorts transact 6.0 million shares and set a 6.21 days time to cover.
The extremes give us $10 and $17 for target low and target high price respectively. As such, OUST has been trading -86.61% off suggested target high and -9.77% from its likely low.
Ouster Inc (OUST) estimates and forecasts
Looking at statistics comparing Ouster Inc share performance against respective industry, we note that the company has outperformed competitors. Ouster Inc (OUST) shares are -24.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 61.29% against -1.40%. Revenue is forecast to grow 40.00% this quarter before jumping 7.30% for the next one. The rating firms project that company’s revenue will grow 32.90% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 29.75M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 31.32M.Earnings reports from the last fiscal year show that sales brought in 24.44M and 25.94M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 21.70% before jumping 20.70% in the following quarter.
OUST Dividends
Ouster Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Ouster Inc (NYSE:OUST)’s Major holders
Ouster Inc insiders hold 8.74% of total outstanding shares, with institutional holders owning 39.84% of the shares at 43.65% float percentage. In total, 39.84% institutions holds shares in the company, led by ITAU UNIBANCO HOLDING S.A.. As of 2024-06-30, the company held over 1515.0 shares (or 0.0034% of shares), all amounting to roughly $14892.0.
The next major institution holding the largest number of shares is NBT BANK N A /NY with 50.0 shares, or about 0.0001% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $492.0.
