The trading price of Ouster Inc. (NYSE:OUST) closed lower on Tuesday, July 20, closing at $10.19, -0.49% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $9.67 and $10.44. In examining the 52-week price action we see that the stock hit a 52-week high of $17.73 and a 52-week low of $7.55. Over the past month, the stock has lost -15.99% in value.
Ouster Inc., whose market valuation is $1.69 billion at the time of this writing, is expected to release its quarterly earnings report May 06, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Ouster Inc. No upward and no downward comments were posted in the last 7 days.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned OUST a recommendation rating is 4. Out of them, 0 rate it a Hold, while 3 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Ouster Inc. (OUST) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that OUST’s price is currently -16.24% off the SMA20 and -11.27% off the SMA50. The RSI metric on the 14-day chart is currently showing 32.86, and weekly volatility stands at 7.72%. When measured over the past 30 days, the indicator reaches 6.55%. Ouster Inc. (NYSE:OUST)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.80. With analysts defining $14.00-$20.00 as the low and high price targets, we arrive at a consensus price target of $16.75 for the trailing 12-month period. The current price is about -37.39% off the estimated low and -96.27% off the forecast high, based on this estimate. Investors will be thrilled if OUST’s share price rises to $16.50, which is the median consensus price. At that level, OUST’s share price would be -61.92% below current price.
To see how Ouster Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: OUST stock’s performance was -0.49% in the latest trading. Ouster Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of Ouster Inc. (NYSE:OUST) indicates that the 3-month average is 1.25 million. However, this figure has increased over the past 10 days to an average of 0.88 million.
Currently, records show that 161.45 million of the company’s shares remain outstanding. The insiders hold 7.70% of outstanding shares, whereas institutions hold 21.10%. The stats also highlight that short interest as of Jun 14, 2021, stood at 7.03 million shares, resulting in a short ratio of 6.64 at that time. From this, we can conclude that short interest is 4.35% of the company’s total outstanding shares. It is noteworthy that short shares in June were up slightly from the previous month’s figure, which was 5.71 million. However, since the stock’s price has seen -24.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.