Ouster Inc (NYSE:OUST) price closed lower on Friday, April 12, dropping -9.06% below its previous close.
A look at the daily price movement shows that the last close reads $8.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.40 and 52-week low of $3.21. The stock added 51.87% on its value in the past month.
Ouster Inc, which has a market valuation of $314.38 million. Analysts tracking OUST have forecast the quarterly EPS to shrink by -0.79 per share this quarter, while the same analysts predict the annual EPS to hit -$2.96 for the year 2024 and up to -$2.4 for 2025. In this case, analysts estimate an annual EPS growth of 70.70% for the year and 18.90% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $25.44 million, with the likely lows of $25.2 million and highs of $25.5 million. The average estimate suggests sales growth for the quarter will likely rise by 47.60% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $116.71 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 40.10% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give OUST a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that OUST’s price is at present 7.83% off the SMA20 and 27.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.55, with weekly volatility standing at 11.73%. The indicator jumps to 11.82% when calculated based on the past 30 days. Ouster Inc (NYSE:OUST)’s beta value is holding at 2.52, while the average true range (ATR) indicator is currently reading 0.83. An analysis of the Ouster Inc (NYSE:OUST) stock in terms of its daily trading volume indicates that the 3-month average is 1.20 million.
Current records show that the company has 43.26M in outstanding shares. The insiders’ percentage holdings are 47.16% of outstanding shares while the percentage share held by institutions stands at 28.88%. But the 0.78% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
