Ouster Inc. (NYSE:OUST) finished Thursday with an addition of $1.13 to close at $6.23, an upside of 22.09 percent. An average of 1,173,523 shares of common stock have been traded in the last five days. There was a gain of $0.94 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 802,591 shares traded, while the 50-day average volume stands at 896,538.
OUST stock has decreased by -0.05% in the last month. The company shares reached their 1-month lowest point of $5.03 on 08/09/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $3.21 and a high of $20.00 in 52 weeks. It has reached a new high 16 times so far this year and lost -27.85% or -$2.15 in price. In spite of this, the price is down -68.87% from the 52-week high.
Insider Transactions
OUST stock investors should be aware that Ouster Inc. (OUST) stock had its last reported insider trading activity 56 days ago on Jun 16. In this transaction, the insider spent $1,403. President of Field Operations, Dickerman Nathan, disposed of 3,880 shares at a price of $5.66 on Jun 12. The insider now owns more than $21,966 worth of shares. Prior to that, Chief Operating Officer SPENCER DARIEN went on to Sale 3,696 shares at $5.66 each on Jun 12. An amount of $20,925 was transacted.
Valuation Metrics
Ouster Inc. (OUST) stock’s beta is 2.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.10, the price-to-book (PB) ratio at 0.57.
Financial Health
The quick ratio of Ouster Inc. for the three months ended June 29 was 4.00, and the current ratio was 4.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.12 and a total debt to equity ratio of 0.12 for the quarter ending June 29. Ouster Inc.’s EBITDA margin for the year ending June 29 is -324.74%. Its gross profit as reported stood at $10.93 million compared to revenue of $41.03 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 -88.80%.
Earnings Surprise
For the three-month period that ended June 29, Ouster Inc. had $140.91 million in cash and short-term investments compared to $39.85 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 -$177.28 million in the quarter, while revenues of -$42.18 million were grew 81.72%. The analyst consensus anticipated Ouster Inc.’s latest quarter earnings to come in at -$1.45 per share, but it turned out to be -$3.19, a -120.00% surprise. For the quarter, EBITDA amounted to -$71.17 million. Shareholders own equity worth $38.81 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 10 August was 65.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 146.92%.
As of today, OUST’s price is $5.45 +16.96% or $0.94 from its 5-day moving average. OUST is currently trading +6.57% higher than its 20-day SMA and -23.55% lower than its 100-day SMA. However, the stock’s current price level is -4.85% below the SMA50 and -30.60% below the SMA200.
The stochastic %K and %D were 30.04% and 15.48%, respectively, and the average true range (ATR) was 0.56. With the 14-day stochastic at 82.36% and the average true range at 0.54, the RSI (14) stands at 60.49%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.11.
Analyst Ratings
Chardan Capital Markets upgraded Ouster Inc. (NYSE: OUST) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Ouster Inc. (OUST) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OUST, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is OUST’s price target for the next 12 months?
Analysts predict a range of price targets between $5.00 and $17.50, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Ouster Inc. (OUST) stock is $9.37.
