As of Friday close, Ouster Inc.’s (NYSE:OUST) stock was down -$0.22, moving down -3.54 percent to $5.99. The average number of shares traded per day over the past five days has been 1,124,000 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.62 fall in that time frame. In the last twenty days, the average volume was 1,027,715, while in the previous 50 days, it was 971,818.
Since last month, OUST stock retreated -0.83%. Shares of the company fell to $5.03 on 08/09/23, the lowest level in the past month. A 52-week high of $19.20 was reached on 02/03/23 after having rallying from a 52-week low of $3.21. Since the beginning of this year, OUST’s stock price has dropped by -30.59% or -$2.64, and marked a new high 16 times. However, the stock has declined by -68.80% since its 52-week high.
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OUST stock investors should be aware that Ouster Inc. (OUST) stock had its last reported insider trading activity 2 days ago on Aug 17. Dickerman Nathan, the President of Field Operations of the company, disposed of 9,018 shares for $6.23 on Aug 17. It resulted in a $56,217 divestment by the insider. Kantheti Krishna sold 14,039 shares at an average price of $6.54 on Aug 16. The insider now owns 2,443,226 shares following the transaction. On Aug 15, 10% Owner Kantheti Krishna sold 100,000 shares at $6.79 apiece. The transaction was valued at $679,000.
Valuation Metrics
The stock’s beta is 2.07. Besides these, the trailing price-to-sales (P/S) ratio of 3.61, the price-to-book (PB) ratio of 0.55.
Financial Health
In the three months ended June 29, Ouster Inc.’s quick ratio stood at 4.00, while its current ratio was 4.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.12, and the total debt-to-equity ratio was 0.12. On the profitability front, the trailing twelve-month gross margin is 18.20% percent. Based on annual data, OUST earned $10.93 million in gross profit and brought in $41.03 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -69.00%. Return on equity (ROE) for the past 12 months was -59.60%.
In Ouster Inc.’s quarter-end financial report for June 29, it reported total debt of $40.14 million against cash and short-term investments of $133.18 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OUST’s revenue rose 46.17% to $17.23 million during the quarter, while net income inched up to $19.19 million. While analysts expected Ouster Inc. to report -$1.48 quarterly earnings, the actual figure was -$3.19 per share, beating the consensus estimate by -115.50%. During the quarter, the company generated -$53.66 million in EBITDA. The liabilities of Ouster Inc. were 136.79 million at the end of its most recent quarter ended June 29, and its total debt was $69.91 million. The value of shareholders’ equity is $39.5 million.
Technical Picture
This quick technical analysis looks at Ouster Inc.’s (OUST) price momentum. With a historical volatility rate of 162.35%, the RSI 9-day stood at 49.65% on 18 August.
With respect to its five-day moving average, the current Ouster Inc. price is down by -9.38% percent or -$0.62. At present, OUST shares trade +3.28% above its 20-day simple moving average and -17.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.28% below its SMA50 and -52.08% below its SMA200.
Stochastic coefficient K was 44.06% and Stochastic coefficient D was 55.85%, while ATR was 0.55. Given the Stochastic reading of 36.78% for the 14-day period, the RSI (14) reading has been calculated as 50.77%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.25.
Analyst Ratings
Chardan Capital Markets upgraded its rating on Ouster Inc. (NYSE: OUST) to a Buy in a note to investors on July 14, 2023. The analysts firm previously had a Neutral rating on the stock.Ouster Inc. (OUST) has been rated Overweight by analysts. According to 0 brokerage firms, OUST is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ouster Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $5.00 – $17.50. Based on these forecasts, analysts predict Ouster Inc. (OUST) will achieve an average price target of $9.86.
