After finishing at $5.39 in the prior trading day, Ouster Inc (NYSE: OUST) closed at $5.15, down -4.45%. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 532317 shares were traded. OUST stock price reached its highest trading level at $5.30 during the session, while it also had its lowest trading level at $5.05.
Ratios:
Our goal is to gain a better understanding of OUST by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.68 and its Current Ratio is at 4.11. In the meantime, Its Debt-to-Equity ratio is 0.35 whereas as Long-Term Debt/Eq ratio is at 0.31.
On December 07, 2022, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $10 to $1.70.
Robert W. Baird Downgraded its Outperform to Neutral on November 08, 2022, whereas the target price for the stock was revised from $5 to $1.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 29 when WEINSWIG MARK sold 597 shares for $5.43 per share. The transaction valued at 3,242 led to the insider holds 176,782 shares of the business.
SPENCER DARIEN sold 241 shares of OUST for $1,651 on Dec 18. The Chief Operating Officer now owns 257,814 shares after completing the transaction at $6.85 per share. On Dec 12, another insider, SPENCER DARIEN, who serves as the Chief Operating Officer of the company, sold 3,726 shares for $5.98 each. As a result, the insider received 22,290 and left with 258,055 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OUST now has a Market Capitalization of 209.57M and an Enterprise Value of 76.94M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.00 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 1.10 whereas that against EBITDA is -0.22.
Stock Price History:
Over the past 52 weeks, OUST has reached a high of $11.50, while it has fallen to a 52-week low of $3.21. The 50-Day Moving Average of the stock is 6.08, while the 200-Day Moving Average is calculated to be 5.56.
Shares Statistics:
The stock has traded on average 811.86K shares per day over the past 3-months and 545.29k shares per day over the last 10 days, according to various share statistics. A total of 40.69M shares are outstanding, with a floating share count of 21.92M. Insiders hold about 46.14% of the company’s shares, while institutions hold 28.87% stake in the company. Shares short for OUST as of Feb 15, 2024 were 4.77M with a Short Ratio of 5.88, compared to 4.24M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 11.73% and a Short% of Float of 12.11%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.83 for the current quarter, with a high estimate of -$0.7 and a low estimate of -$0.96, while EPS last year was -$2.3. The consensus estimate for the next quarter is -$0.77, with high estimates of -$0.6 and low estimates of -$0.92.
Analysts are recommending an EPS of between -$10.04 and -$10.82 for the fiscal current year, implying an average EPS of -$10.35. EPS for the following year is -$2.27, with 4 analysts recommending between -$0.28 and -$3.6.
Revenue Estimates
6 analysts predict $24.06M in revenue for the current quarter. It ranges from a high estimate of $24.84M to a low estimate of $21.74M. As of the current estimate, Ouster Inc’s year-ago sales were $10.94M, an estimated increase of 120.00% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $25.01M, an increase of 45.20% less than the figure of $120.00% in the same quarter last year. There is a high estimate of $26.84M for the next quarter, whereas the lowest estimate is $23M.
A total of 6 analysts have provided revenue estimates for OUST’s current fiscal year. The highest revenue estimate was $83.67M, while the lowest revenue estimate was $80.58M, resulting in an average revenue estimate of $82.87M. In the same quarter a year ago, actual revenue was $41.03M, up 102.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $115.23M in the next fiscal year. The high estimate is $120.4M and the low estimate is $106.23M. The average revenue growth estimate for next year is up 39.00% from the average revenue estimate for this year.
