How Ouster Inc. (OUST) Works From A Technical Perspective

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Ouster Inc. (NYSE:OUST) finished Wednesday with a subtraction of -$0.12 to close at $0.99, a downside of -11.19 percent. An average of 2,193,500 shares of common stock have been traded in the last five days. There was a fall of -$0.2842 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,669,000 shares traded, while the 50-day average volume stands at 1,513,856.

OUST stock has decreased by -32.94% in the last month. The company shares reached their 1-month lowest point of $0.9857 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $1.10 and a high of $7.95 in 52 weeks. It has reached a new high 1 time so far this year and lost -81.04% or -$4.2142 in price. In spite of this, the price is down -87.60% from the 52-week high.


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Insider Transactions

6 days have passed since Ouster Inc. (OUST) last reported insider trading activity. Brunelle Anna, who is Chief Financial Officer, most recently acquired $3,108 shares at $1.23 per share on Sep 16. In this transaction, the insider spent $3,818. EVP of Global Operations, SPENCER DARIEN, disposed of 2,499 shares at a price of $1.23 on Sep 16. The insider now owns more than $3,070 worth of shares. Prior to that, President of Field Operations Dickerman Nathan went on to Sale 43,733 shares at $1.30 each on Sep 13. An amount of $56,980 was transacted.

Valuation Metrics

Ouster Inc. (OUST) has a trailing price-to-sales (P/S) ratio at 5.01, the price-to-book (PB) ratio at 0.75.

Financial Health

The quick ratio of Ouster Inc. for the three months ended June 29 was 7.60, and the current ratio was 8.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.08 and a total debt to equity ratio of 0.08 for the quarter ending June 29. Its gross profit as reported stood at $9.09 million compared to revenue of $33.58 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Ouster Inc.’s return on assets was -35.50%.

Earnings Surprise

For the three-month period that ended June 29, Ouster Inc. had $19.12 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$28.0 million in the quarter, while revenues of -$32.4 million were shrunk -14.32%. The analyst consensus anticipated Ouster Inc.’s latest quarter earnings to come in at -$0.17 per share, but it turned out to be -$0.16, a 5.90% surprise. For the quarter, EBITDA amounted to -$30.08 million. Shareholders own equity worth $181.72 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ouster Inc. (OUST) price momentum. RSI 9-day as of the close on 21 September was 18.62%, suggesting the stock is oversold, with historical volatility in this time frame at 84.58%.

As of today, OUST’s price is $1.1412 -22.38% or -$0.2842 from its 5-day moving average. OUST is currently trading -32.48% lower than its 20-day SMA and -71.01% lower than its 100-day SMA. However, the stock’s current price level is -40.61% below the SMA50 and -84.30% below the SMA200.

The stochastic %K and %D were 1.79% and 4.97%, respectively, and the average true range (ATR) was 0.1041. With the 14-day stochastic at 0.02% and the average true range at 0.1111, the RSI (14) stands at 25.57%. The stock has reached -0.1465 on the 9-day MACD Oscillator while the 14-day reading was at -0.2009.

Analyst Ratings

Barclays downgraded Ouster Inc. (NYSE: OUST) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight.

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