Ouster Inc (NASDAQ:OUST) shares, rose in value, with the stock price up by 10.25% to the previous day’s close as strong demand from buyers drove the stock to $11.94.
Actively observing the price movement in the last trading, the stock closed the session at $10.83. Referring to stock’s 52-week performance, its high was $16.88, and the low was $5.84. On the whole, OUST has fluctuated by 54.26% over the past month.
With the market capitalization of Ouster Inc currently standing at about $642.31 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OUST’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of OUST currently trading nearly 20.60% and 34.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.40, while the 7-day volatility ratio is showing 4.53% which for the 30-day chart, stands at 6.29%. Furthermore, Ouster Inc (OUST)’s beta value is 2.40, and its average true range (ATR) is 0.76.
A comparison of Ouster Inc (OUST) with its peers suggests the former has fared considerably weaker in the market. OUST showed an intraday change of 10.25% in last session, and over the past year, it grew by 6.04%%.
Data on historical trading for Ouster Inc (NASDAQ:OUST) indicates that the trading volumes over the past 3 months, they’ve averaged 1.34 million. According to company’s latest data on outstanding shares, there are 53.79 million shares outstanding.
Nearly 10.21% of Ouster Inc’s shares belong to company insiders and institutional investors own 41.95% of the company’s shares. The stock has fallen by -2.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OUST stock heading into the next quarter.
