In today’s recent session, 1.33 million shares of the Ouster Inc (NASDAQ:OUST) have been traded, and its beta is 2.14. Most recently the company’s share price was $11.83, and it changed around $0.78 or 7.06% from the last close, which brings the market valuation of the company to $588.79M. OUST at last check was trading at a discount to its 52-week high of $16.88, offering almost -42.69% off that amount. The share price’s 52-week low was $4.91, which indicates that the recent value has risen by an impressive 58.5% since then. We note from Ouster Inc’s average daily trading volume that its 10-day average is 1.78 million shares, with the 3-month average coming to 1.41 million.
Ouster Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 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 -0.25 for the current quarter.
Ouster Inc (NASDAQ:OUST) trade information
Instantly OUST has been showing a green trend so far today with a performance of 7.06% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 11.71 on recent trading daydecreased the stock’s daily price by -1.02%. The company’s shares are currently down -3.19% year-to-date, but still up 39.01% over the last five days. On the other hand, Ouster Inc (NASDAQ:OUST) is 33.37% up in the 30-day period. We can see from the shorts that 4.96 million shares have been sold at a short interest cover period of 4.7 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 -2.87% 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
The year-over-year growth rate is expected to be 30.40%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 30.78M in revenue for the current quarter. 5 analysts expect Ouster Inc to make 33.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 25.94M and 26.99M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 18.64%. Forecasts for the next quarter put sales growth at 24.49%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 56.80%. Ouster Inc earnings are expected to increase by 13.66% in 2025, but the outlook is negative -1.58% per year for the next five years.
Ouster Inc (NASDAQ:OUST)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.75% of Ouster Inc shares, and 47.37% of them are in the hands of institutional investors. The stock currently has a share float of 49.73%. Ouster Inc stock is held by 198.0 institutions, with D. E. SHAW & CO., INC. being the largest institutional investor. By 2024-06-30, it held 3.1416% of the shares, which is about 1.41 million shares worth $13.82 million.
TAO CAPITAL MANAGEMENT LP, with 2.5154% or 1.13 million shares worth $11.06 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 1.29 shares worth $15.24 million, making up 2.58% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.24 shares worth around $14.71 million, which represents about 2.49% of the total shares outstanding.
