Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
In the latest session, Ouster Inc (NYSE: OUST) closed at $7.16 up 2.43% from its previous closing price of $6.99. In other words, the price has increased by $2.43 from its previous closing price. On the day, 0.88 million shares were traded. OUST stock price reached its highest trading level at $7.22 during the session, while it also had its lowest trading level at $6.88.
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 291207232 and an Enterprise Value of 170956032. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.50 while its Price-to-Book (P/B) ratio in mrq is 1.72. Its current Enterprise Value per Revenue stands at 2.053 whereas that against EBITDA is -1.232.
Stock Price History:
Over the past 52 weeks, OUST has reached a high of $11.40, while it has fallen to a 52-week low of $3.21. The 50-Day Moving Average of the stock is 13.34%, while the 200-Day Moving Average is calculated to be 25.39%.
Shares Statistics:
For the past three months, OUST has traded an average of 1.19M shares per day and 1142760 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 29.11% stake in the company. Shares short for OUST as of 1711584000 were 5265031 with a Short Ratio of 4.43, compared to 1709164800 on 4179081. Therefore, it implies a Short% of Shares Outstanding of 5265031 and a Short% of Float of 13.370000000000001.
Earnings Estimates
The current market rating for Ouster Inc (OUST) reflects the collective analysis of Ouster, Inc. analysts closely monitoring its performance.The consensus estimate for the next quarter is $14.83, with high estimates of $1.05 and low estimates of $7.99.
