After finishing at $7.94 in the prior trading day, Ouster Inc (NYSE: OUST) closed at $9.86, up 24.18%. In other words, the price has increased by $+1.92 from its previous closing price. On the day, 7356461 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 2.94 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 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 Mar 18 ’24 when SPENCER DARIEN sold 286 shares for $4.84 per share. The transaction valued at 1,384 led to the insider holds 252,873 shares of the business.
SPENCER DARIEN sold 4,655 shares of OUST for $23,874 on Mar 12 ’24. The Chief Operating Officer now owns 253,159 shares after completing the transaction at $5.13 per share. On Mar 12 ’24, another insider, Chung Megan, who serves as the General Counsel and Secretary of the company, sold 3,200 shares for $5.13 each. As a result, the insider received 16,412 and left with 93,812 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 401.02M and an Enterprise Value of 280.77M. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.82 while its Price-to-Book (P/B) ratio in mrq is 2.37. Its current Enterprise Value per Revenue stands at 3.37 whereas that against EBITDA is -0.82.
Stock Price History:
Over the past 52 weeks, OUST has reached a high of $8.60, while it has fallen to a 52-week low of $3.21. The 50-Day Moving Average of the stock is 5.45, while the 200-Day Moving Average is calculated to be 5.48.
Shares Statistics:
The stock has traded on average 932.63K shares per day over the past 3-months and 2M shares per day over the last 10 days, according to various share statistics. A total of 43.26M shares are outstanding, with a floating share count of 21.93M. Insiders hold about 46.11% of the company’s shares, while institutions hold 28.87% stake in the company. Shares short for OUST as of Mar 15, 2024 were 4.4M with a Short Ratio of 4.72, compared to 4.77M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.82% and a Short% of Float of 11.17%.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of -$0.77 for the current quarter, with a high estimate of -$0.6 and a low estimate of -$0.93, while EPS last year was -$6.03. The consensus estimate for the next quarter is -$0.78, with high estimates of -$0.58 and low estimates of -$0.92.
Analysts are recommending an EPS of between -$0.28 and -$3.54 for the fiscal current year, implying an average EPS of -$2.26. EPS for the following year is -$1.8, with 4 analysts recommending between -$0.19 and -$3.16.
Revenue Estimates
5 analysts predict $25.17M in revenue for the current quarter. It ranges from a high estimate of $26.84M to a low estimate of $23M. As of the current estimate, Ouster Inc’s year-ago sales were $17.23M, an estimated increase of 46.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $26.44M, an increase of 36.30% less than the figure of $46.10% in the same quarter last year. There is a high estimate of $27.5M for the next quarter, whereas the lowest estimate is $25M.
A total of 6 analysts have provided revenue estimates for OUST’s current fiscal year. The highest revenue estimate was $120.4M, while the lowest revenue estimate was $106.23M, resulting in an average revenue estimate of $115.25M. In the same quarter a year ago, actual revenue was $83.28M, up 38.40% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $177.6M in the next fiscal year. The high estimate is $210M and the low estimate is $150.14M. The average revenue growth estimate for next year is up 54.10% from the average revenue estimate for this year.
