Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
After finishing at $9.85 in the prior trading day, Ouster Inc (NASDAQ: OUST) closed at $8.87, down -9.95%. In other words, the price has decreased by -$9.95 from its previous closing price. On the day, 1.5 million shares were traded.
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 2.83 and its Current Ratio is at 3.12. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.09.
On November 11, 2024, Cantor Fitzgerald Upgraded its rating to Overweight which previously was Neutral and also lowered its target price recommendation from $12 to $10.
Cantor Fitzgerald Downgraded its Overweight to Neutral on May 22, 2024, whereas the target price for the stock was revised from $8 to $13.
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 Dec 16 ’24 when SPENCER DARIEN sold 248 shares for $9.08 per share. The transaction valued at 2,252 led to the insider holds 291,470 shares of the business.
Chung Megan sold 13,671 shares of OUST for $132,480 on Dec 12 ’24. The General Counsel and Secretary now owns 149,647 shares after completing the transaction at $9.69 per share. On Dec 12 ’24, another insider, WEINSWIG MARK, who serves as the Chief Financial Officer of the company, sold 19,712 shares for $9.69 each. As a result, the insider received 191,021 and left with 173,960 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 4.19 while its Price-to-Book (P/B) ratio in mrq is 2.56.
Stock Price History:
Over the past 52 weeks, OUST has reached a high of $16.88, while it has fallen to a 52-week low of $4.65. The 50-Day Moving Average of the stock is -18.38%, while the 200-Day Moving Average is calculated to be -9.55%.
Shares Statistics:
A total of 49.54M shares are outstanding, with a floating share count of 45.46M. Insiders hold about 8.66% of the company’s shares, while institutions hold 44.32% stake in the company.
