In today’s recent session, 0.67 million shares of the Ouster Inc (NASDAQ:OUST) have been traded, and its beta is 2.43. Most recently the company’s share price was $12.01, and it changed around -$0.48 or -3.84% from the last close, which brings the market valuation of the company to $544.56M. OUST at last check was trading at a discount to its 52-week high of $16.88, offering almost -40.55% off that amount. The share price’s 52-week low was $4.65, which indicates that the recent value has risen by an impressive 61.28% since then. We note from Ouster Inc’s average daily trading volume that its 10-day average is 2.32 million shares, with the 3-month average coming to 1.36 million.
Ouster Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 4 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended OUST as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Ouster Inc is expected to report earnings per share of -0.26 for the current quarter.
Ouster Inc (NASDAQ:OUST) trade information
Instantly OUST has been showing red trend so far today with a performance of -3.84% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.93 on recent trading dayincreased the stock’s daily price by 13.78%. The company’s shares are currently up 56.58% year-to-date, but still up 0.25% over the last five days. On the other hand, Ouster Inc (NASDAQ:OUST) is 25.76% up in the 30-day period. We can see from the shorts that 4.5 million shares have been sold at a short interest cover period of 3.72 day(s).
The consensus price target as assigned by Wall Street analysts is $11.5, which translates to bulls needing to decrease their stock price by -4.43% 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 risen 24.46 percent over the past six months and at a 64.52% annual growth rate that is well above the industry average of 0.10%. The year-over-year growth rate is expected to be 33.29%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 30M in revenue for the current quarter. 4 analysts expect Ouster Inc to make 31.32M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 24.44M and 25.94M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 22.73%. Forecasts for the next quarter put sales growth at 20.74%.
Ouster Inc earnings are expected to increase by 68.60% 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 January.
Ouster Inc (NASDAQ:OUST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.66% of Ouster Inc shares, and 43.64% of them are in the hands of institutional investors. The stock currently has a share float of 47.78%. Ouster Inc stock is held by 177.0 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.
