Ouster Inc (NASDAQ:OUST) price on Wednesday, May 21, fall -3.79% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.89.
A look at the stock’s price movement, the close in the last trading session was $10.28. Turning to its 52-week performance, $16.88 and $5.84 were the 52-week high and 52-week low respectively. Overall, OUST moved 42.92% over the past month.
Ouster Inc’s market cap currently stands at around $532.03 million, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 33.77M for the company’s revenue for the quarter, with a low and high estimate of 33.5M and 34M respectively. The average forecast suggests up to a 25.11% 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 144.15M, representing a 29.75% 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 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 6.52% and 14.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 55.52, while 7-day volatility ratio is 5.58% and 7.50% in the 30-day chart. Further, Ouster Inc (OUST) has a beta value of 2.38, and an average true range (ATR) of 0.74. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $16 and high of $16. Looking at the price targets, the low is -61.78% off current price level while to achieve the yearly target high, price needs to move -61.78%. Nonetheless, investors will most likely welcome a -61.78% jump to $16 which is the analysts’ median price.
If we refocus on Ouster Inc (NASDAQ:OUST), historical trading data shows that trading volumes averaged 1.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 53.79 million shares.
The 9.60% of Ouster Inc’s shares are in the hands of company insiders while institutional holders own 41.95% of the company’s shares. Current price change has pushed the stock -19.07% 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.
