Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
In the latest session, Ouster Inc (NYSE: OUST) closed at $9.07 down -2.47% from its previous closing price of $9.30. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 0.75 million shares were traded. OUST stock price reached its highest trading level at $9.24 during the session, while it also had its lowest trading level at $8.94.
Ratios:
For a deeper understanding of Ouster Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.94 and its Current Ratio is at 3.22. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.35.
On July 14, 2023, Chardan Capital Markets Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $10.
Citigroup Downgraded its Buy to Neutral on December 07, 2022, whereas the target price for the stock was revised from $10 to $1.70.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Apr 02 ’24 when WEINSWIG MARK sold 19,990 shares for $9.35 per share. The transaction valued at 186,948 led to the insider holds 236,800 shares of the business.
Chung Megan sold 5,776 shares of OUST for $45,976 on Apr 01 ’24. The General Counsel and Secretary now owns 163,966 shares after completing the transaction at $7.96 per share. On Mar 18 ’24, another insider, SPENCER DARIEN, who serves as the Chief Operating Officer of the company, sold 286 shares for $4.84 each. As a result, the insider received 1,384 and left with 252,873 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 368889600 and an Enterprise Value of 248638368. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.43 while its Price-to-Book (P/B) ratio in mrq is 2.18. Its current Enterprise Value per Revenue stands at 2.986 whereas that against EBITDA is -1.792.
Stock Price History:
The Beta on a monthly basis for OUST is 2.44, which has changed by 1.4186666 over the last 52 weeks, in comparison to a change of 0.23099434 over the same period for the S&P500. Over the past 52 weeks, OUST has reached a high of $11.40, while it has fallen to a 52-week low of $3.27. The 50-Day Moving Average of the stock is 36.44%, while the 200-Day Moving Average is calculated to be 56.70%.
Shares Statistics:
For the past three months, OUST has traded an average of 1.22M shares per day and 879530 over the past ten days. A total of 43.26M shares are outstanding, with a floating share count of 21.48M. Insiders hold about 47.18% of the company’s shares, while institutions hold 29.14% stake in the company. Shares short for OUST as of 1713139200 were 3804554 with a Short Ratio of 3.12, compared to 1710460800 on 4402686. Therefore, it implies a Short% of Shares Outstanding of 3804554 and a Short% of Float of 9.659999599999999.
Earnings Estimates
The dynamic stock of Ouster Inc (OUST) is currently attracting attention from 4.0 analysts actively involved in rating its market status.On average, analysts expect EPS of -$0.72 for the current quarter, with a high estimate of -$0.52 and a low estimate of -$0.93, while EPS last year was -$6.03. The consensus estimate for the next quarter is -$0.73, with high estimates of -$0.55 and low estimates of -$0.92.
Analysts are recommending an EPS of between -$2.17 and -$3.54 for the fiscal current year, implying an average EPS of -$2.96. EPS for the following year is -$2.4, with 3.0 analysts recommending between -$1.45 and -$3.3.
Revenue Estimates
A total of 6 analysts believe the company’s revenue will be $25.45M this quarter.It ranges from a high estimate of $25.5M to a low estimate of $25.2M. As of the current estimate, Ouster Inc’s year-ago sales were $17.23MFor the next quarter, 6 analysts are estimating revenue of $26.67M. There is a high estimate of $27.3M for the next quarter, whereas the lowest estimate is $26M.
A total of 6 analysts have provided revenue estimates for OUST’s current fiscal year. The highest revenue estimate was $117.74M, while the lowest revenue estimate was $113.63M, resulting in an average revenue estimate of $116.19M. In the same quarter a year ago, actual revenue was $83.28MBased on 6 analysts’ estimates, the company’s revenue will be $176.02M in the next fiscal year. The high estimate is $210M and the low estimate is $151.71M.
