The stock of Ouster Inc. (NYSE:OUST) increased by $0.14 on Tuesday to $7.33, up 1.99 percent. The last five days have seen an average of 1,863,166 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$1.32. The average number of shares traded over the last 20 days was 990,667, while the average volume over the last 50 days totaled 957,181.
OUST stock appreciated 15.12% since last month. On 08/09/23, the company’s shares reached a one-month low of $5.03. The stock touched a high of $19.99 on 02/03/23, after rallying from a low of $3.21 in 52 weeks. The price of OUST stock has declined by -15.03% or -$1.32 this year, reaching a new high 16 times. Still, the stock price is down -63.32% from the 52-week high.
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Insider Transactions
OUST stock investors should be aware that Ouster Inc. (OUST) stock had its last reported insider trading activity 60 days ago on Jun 16. On Jun 16, Chief Operating Officer SPENCER DARIEN sold 241 shares at $5.82 each. This transaction resulted in the insider making $1,403. On Jun 12, Dickerman Nathan sold 3,880 shares at a price of US$5.66. After the transaction, the insider now owns 113,087 shares. Chief Operating Officer SPENCER DARIEN had earlier sold 3,696 shares on Jun 12 for $5.66 a share. The transaction was completed for $20,925.
Valuation Metrics
Beta for the stock is 2.08. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.42, the price-to-book (PB) ratio of 0.67.
Financial Health
For the three months ended June 29, Ouster Inc.’s quick ratio was 4.00, while its current ratio was 4.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.12, and the total debt to equity ratio is 0.12. As far as profitability goes, gross margin for the trailing twelve months is 18.20% percent. Based on annual data, it had gross profit of $10.93 million and revenue of $41.03 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OUST’s return on assets (ROA) during the last 12 months has been -43.40%. There was a -69.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -59.60%.
Earnings Surprise
According to Ouster Inc.’s quarterly financial report for the quarter that ended June 29, it had $39.85 million in total debt versus $140.91 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $17.23 million, while revenues rose by 50.32% to $10.94 million. It was predicted that Ouster Inc.’s quarterly earnings would be -$3.19, but it ended up being -$1.45. EBITDA was -$71.17 million for the quarter. At the end of Ouster Inc.’s most recent quarter ended June 29, its liabilities totaled 141.26 million, while its total debt was $69.91 million. Equity owned by shareholders amounts to $38.81 million.
Technical Picture
Here’s a quick look at Ouster Inc.’s (OUST) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 74.11%, suggesting the stock is Overbought, with a 151.41% historical volatility rate.
The stochastic %K and %D were 92.22% and 63.16% respectively, while the average true range (ATR) was 0.59. Based on the 14-day stochastic reading of 87.41%, the RSI (14) reading is 67.64%. On the 9-day MACD Oscillator, the stock is at 1.12, and the 14-day reading is at 1.14.
Analyst Ratings
In its most recent analyst report, Chardan Capital Markets raised its rating on Ouster Inc. (NYSE: OUST) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Ouster Inc. (OUST) an Overweight rating. OUST is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is OUST’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.00 and $17.50, with a median target price of $10.00. In analyzing these forecasts, the average price target given by analysts for Ouster Inc. (OUST) is $9.66.
