OneStream Inc. (NASDAQ:OS) shares, rose in value, with the stock price down by -2.33% to the previous day’s close as strong demand from buyers drove the stock to $28.45.
Actively observing the price movement in the last trading, the stock closed the session at $29.13, falling within a range of $27.855 and $29.55. Referring to stock’s 52-week performance, its high was $35.17, and the low was $24.50. On the whole, OS has fluctuated by -1.49% over the past month.
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With the market capitalization of OneStream Inc. currently standing at about $6.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 478.58M, with a low estimate of 123.6M and a high estimate of 125M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 124.18M.
The stock’s technical analysis shows that the price of OS currently trading nearly -10.42% and -4.93% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.82, while the 7-day volatility ratio is showing 4.89% which for the 30-day chart, stands at 5.02%. Furthermore, OneStream Inc. (OS)’s average true range (ATR) is 1.50.
Data on historical trading for OneStream Inc. (NASDAQ:OS) indicates that the trading volumes over the past 10 days have averaged 0.82 and over the past 3 months, they’ve averaged 810.05K. According to company’s latest data on outstanding shares, there are 24.50 million shares outstanding.
Nearly 89.65% of OneStream Inc.’s shares belong to company insiders and institutional investors own 3.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.09 million shares as on 2024-09-30, resulting in a short ratio of 3.24. According to the data, the short interest in OneStream Inc. (OS) stood at 780.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 0.83 million. The stock has risen by 5.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OS stock heading into the next quarter.
