Ouster Inc (NYSE:OUST) shares, rose in value, with the stock price up by 0.30% to the previous day’s close as strong demand from buyers drove the stock to $10.00.
Actively observing the price movement in the last trading, the stock closed the session at $9.97. The value of beta (5-year monthly) was 2.47. Referring to stock’s 52-week performance, its high was $10.06, and the low was $3.21. On the whole, OUST has fluctuated by 85.53% over the past month.
With the market capitalization of Ouster Inc currently standing at about $406.70 million, investors are eagerly awaiting this quarter’s results, scheduled for May 09, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.87, which is expected to increase to -$0.87 for fiscal year -$3.35 and then to about -$2.87 by fiscal year 2025. Data indicates that the EPS growth is expected to be 66.80% in 2025, while the next year’s EPS growth is forecast to be 14.30%.
Analysts have estimated the company’s revenue for the quarter at $25.5 million, with a low estimate of $25.5 million and a high estimate of $25.5 million. According to the average forecast, sales growth in current quarter could jump up 48.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $116.45 million, representing an increase of 39.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. 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 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of OUST currently trading nearly 72.52% and 78.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 85.70, while the 7-day volatility ratio is showing 22.34% which for the 30-day chart, stands at 9.87%. Furthermore, Ouster Inc (OUST)’s beta value is 2.48, and its average true range (ATR) is 0.71.
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 0.30% in last session, and over the past year, it grew by 19.52%%.
Data on historical trading for Ouster Inc (NYSE:OUST) indicates that the trading volumes over the past 10 days have averaged 3.18 million and over the past 3 months, they’ve averaged 1.08 million. According to company’s latest data on outstanding shares, there are 43.26 million shares outstanding.
Nearly 46.11% of Ouster Inc’s shares belong to company insiders and institutional investors own 28.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.4 million shares as on Mar 15, 2024, resulting in a short ratio of 7.29. According to the data, the short interest in Ouster Inc (OUST) stood at 10.18% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.77 million. The stock has risen by 30.38% 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.
