In the latest trading session, 0.61 million Ouster Inc (NASDAQ:OUST) shares changed hands as the company’s beta touched 2.43. With the company’s most recent per share price at $11.77 changed hands at -$0.21 or -1.71% at last look, the market valuation stands at $673.79M. OUST’s current price is a discount, trading about -43.42% off its 52-week high of $16.88. The share price had its 52-week low at $4.65, which suggests the last value was 60.49% up since then. When we look at Ouster Inc’s average trading volume, we note the 10-day average is 2.17 million shares, with the 3-month average coming to 1.30 million.
Analysts gave the Ouster Inc (OUST) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended OUST as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Ouster Inc’s EPS for the current quarter is expected to be -0.26.
Ouster Inc (NASDAQ:OUST) trade information
Instantly OUST was in red as seen in intraday trades today. With action 25.53%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 53.52%, with the 5-day performance at 25.53% in the green. However, in the 30-day time frame, Ouster Inc (NASDAQ:OUST) is 31.27% up. Looking at the short shares, we see there were 4.7 million shares sold at short interest cover period of 3.69 days.
The consensus price target for the stock as assigned by Wall Street analysts is 11.5, meaning bulls need a downside of -2.35% from its recent market value. According to analyst projections, OUST’s forecast low is 10 with 17 as the target high. To hit the forecast high, the stock’s price needs a -44.44% plunge from its current level, while the stock would need to tank 15.04% for it to hit the projected low.
Ouster Inc (OUST) estimates and forecasts
Data shows that the Ouster Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 24.21% over the past 6 months, a 64.52% in annual growth rate that is considerably higher than the industry average of 0.10%. Year-over-year growth is forecast to reach 33.29% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 30M. 4 analysts are of the opinion that Ouster Inc’s revenue for the current quarter will be 31.32M. The company’s revenue for the corresponding quarters a year ago was 24.44M and 25.94M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 22.73%. The estimates for the next quarter sales put growth at 20.74%.
The 2024 estimates are for Ouster Inc earnings to increase by 68.60%, but the outlook for the next 5-year period is at 20.00% per year.
OUST Dividends
Ouster Inc is expected to release its next quarterly earnings report in January.
Ouster Inc (NASDAQ:OUST)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 8.66% of Ouster Inc shares while 43.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.78%. There are 43.64% institutions holding the Ouster Inc stock share, with ITAU UNIBANCO HOLDING S.A. the top institutional holder. As of 2024-06-30, the company held 0.0034% of the shares, roughly 1515.0 OUST shares worth $14892.0.
NBT BANK N A /NY holds the second largest percentage of outstanding shares, with 0.0001% or 50.0 shares worth $492.0 as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 1.14 shares estimated at $13.13 million under it, the former controlled 2.30% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.26% of the shares, roughly 1.12 shares worth around $12.89 million.
