Stocks of Ouster Inc. (NYSE:OUST) traded higher last session on Wall Street, up 29.61% to $6.61.
According to the data, Ouster Inc. (NYSE:OUST) has 7 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.50 and a low of $5.00, we find $10.00. Given the previous closing price of $5.10, this indicates a potential upside of 96.08 percent. OUST stock price is now 14.75% away from the 50-day moving average and -24.56% away from the 200-day moving average. The market capitalization of the company currently stands at $197.97M.
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A total of 2 analysts have issued a hold rating and 5 have given it a buy rating. Brokers who have rated the stock have averaged $9.66 as their price target over the next twelve months.
With the price target maintained at $10, Chardan Capital Markets recently Upgraded its rating from Neutral to Buy for Ouster Inc. (NYSE: OUST).
In other news, SPENCER DARIEN, Chief Operating Officer sold 241 shares of the company’s stock on Jun 16. The stock was sold for $1,403 at an average price of $5.82. Upon completion of the transaction, the Chief Operating Officer now directly owns 265,826 shares in the company, valued at $1.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, President of Field Operations Dickerman Nathan sold 3,880 shares of the business’s stock. A total of $21,966 was realized by selling the stock at an average price of $5.66. This leaves the insider owning 113,087 shares of the company worth $0.75 million. Insiders disposed of 706,169 shares of company stock worth roughly $4.67 million over the past 1 year. A total of 4.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OUST stock. A new stake in Ouster Inc. shares was purchased by DNB ASSET MANAGEMENT AS during the first quarter worth $607,000. JUMP FINANCIAL, LLC invested $517,000 in shares of OUST during the first quarter. In the first quarter, FREESTONE CAPITAL HOLDINGS, LLC acquired a new stake in Ouster Inc. valued at approximately $155,000. MIRABELLA FINANCIAL SERVICES LLP acquired a new stake in OUST for approximately $125,000. DOWLING & YAHNKE LLC purchased a new stake in OUST valued at around $72,000 in the second quarter. In total, there are 183 active investors with 29.90% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $5.46 for Ouster Inc. (NYSE: OUST). During the past 12 months, Ouster Inc. has had a low of $3.21 and a high of $20.00. As of last week, the company has a debt-to-equity ratio of 0.12, a current ratio of 4.40, and a quick ratio of 4.00. The fifty day moving average price for OUST is $5.76 and a two-hundred day moving average price translates $8.75 for the stock.
The latest earnings results from Ouster Inc. (NYSE: OUST) was released for Jun, 2023. According to the Electronic Components Company, earnings per share came in at -$3.19, missing analysts’ expectations of -$1.45 by -1.74. This compares to -$1.90 EPS in the same period last year. The company reported revenue of $17.23 million for the quarter, compared to $8.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 101.33 percent. For the current quarter, analysts expect OUST to generate $22.16M in revenue.
Ouster Inc.(OUST) Company Profile
Ouster, Inc. designs and manufactures high-resolution digital lidar sensors and enabling software that offers 3D vision to machinery, vehicles, robots, and fixed infrastructure assets. Its product portfolio includes OS, a scanning sensor; and DF, a solid-state flash sensor. The company is based in San Francisco, California.
