Ouster Inc (NASDAQ:OUST) price on Thursday, December 26, rose 7.03% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.71.
A look at the stock’s price movement, the close in the last trading session was $12.81, moving within a range at $12.32 and $13.77. The beta value (5-Year monthly) was 2.346. Turning to its 52-week performance, $16.88 and $4.65 were the 52-week high and 52-week low respectively. Overall, OUST moved 38.77% over the past month.
Ouster Inc’s market cap currently stands at around $682.35 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 30M for the company’s revenue for the quarter, with a low and high estimate of 30M and 30M respectively. The average forecast suggests up to a 22.73% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 111M, representing a 33.29% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OUST is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 2 recommend OUST as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OUST’s current price about 33.18% and 51.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 75.16, while 7-day volatility ratio is 14.62% and 11.02% in the 30-day chart. Further, Ouster Inc (OUST) has a beta value of 2.47, and an average true range (ATR) of 1.13. Analysts have given the company’s stock an average 52-week price target of $11.5, forecast between a low of $10 and high of $17. Looking at the price targets, the low is 27.06% off current price level while to achieve the yearly target high, price needs to move -24.0%. Nonetheless, investors will most likely welcome a 16.12% jump to $11.5 which is the analysts’ median price.
If we refocus on Ouster Inc (NASDAQ:OUST), historical trading data shows that trading volumes averaged 2.23 over the past 10 days and 1.32 million over the past 3 months. The company’s latest data on shares outstanding shows there are 49.54 million shares.
The 8.56% of Ouster Inc’s shares are in the hands of company insiders while institutional holders own 40.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.7 million on 2024-11-29, giving us a short ratio of 3.69. The data shows that as of 2024-11-29 short interest in Ouster Inc (OUST) stood at 986.9999999999999 of shares outstanding, with shares short falling to 6.0 million registered in 2024-10-31. Current price change has pushed the stock 78.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OUST stock continues to rise going into the next quarter.
