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Ouster Inc (OUST) Stock Could Soon Reward Patient Investors

Ouster Inc (NYSE: OUST) is 28.55% higher on its value in year-to-date trading and has touched a low of $3.21 and a high of $8.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OUST stock was last observed hovering at around $7.94 in the last trading session, with the day’s gains setting it 1.92%.

Currently trading at $9.86, the stock is 84.21% and 80.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.36 million and changing 24.18% at the moment leaves the stock 79.83% off its SMA200. OUST registered 23.61% gain for a year compared to 6-month gain of 93.33%. The firm has a 50-day simple moving average (SMA 50) of $3.37 and a 200-day simple moving average (SMA200) of -$0.82.

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The stock witnessed a 81.58% loss in the last 1 month and extending the period to 3 months gives it a 23.25%, and is 99.60% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 19.17% over the week and 9.33% over the month.

Ouster Inc (OUST) has around 202 employees, a market worth around $401.20M and $83.28M in sales. Profit margin for the company is -449.22%. Distance from 52-week low is 207.17% and 14.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-154.29%).

Ouster Inc quarterly earnings per share for the current quarter are estimated at -$0.77 with sales reaching $25.17M over the same period.The EPS is expected to grow by 47.24% this year, but quarterly earnings will post 38.40% year-over-year. Quarterly sales are estimated to grow 46.10% in year-over-year returns.

Ouster Inc (OUST) Top Institutional Holders

136 institutions hold shares in Ouster Inc (OUST), with institutional investors hold 36.06% of the company’s shares. The shares outstanding are 43.26M, and float is at 21.93M with Short Float at 20.08%. Institutions hold 30.74% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 1.9 million shares valued at $9.36 million. The investor’s holdings represent 4.80% of the OUST Shares outstanding. As of Jun 29, 2023, the second largest holder is Tao Capital Management, LP with 1.13 million shares valued at $5.56 million to account for 2.85% of the shares outstanding. The other top investors are Penn Capital Management Co., Inc. which holds 0.71 million shares representing 1.81% and valued at over $3.53 million, while Blackrock Inc. holds 1.76% of the shares totaling 0.7 million with a market value of $3.44 million.

Ouster Inc (OUST) Insider Activity

The most recent transaction is an insider sale by SPENCER DARIEN,the company’sChief Operating Officer. SEC filings show that SPENCER DARIEN sold 286 shares of the company’s common stock on Mar 18 ’24 at a price of $4.84 per share for a total of $1384.0. Following the sale, the insider now owns 0.25 million shares.

Ouster Inc disclosed in a document filed with the SEC on Mar 12 ’24 that SPENCER DARIEN (Chief Operating Officer) sold a total of 4,655 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $5.13 per share for $23874.0. Following the transaction, the insider now directly holds 0.25 million shares of the OUST stock.

Still, SEC filings show that on Mar 12 ’24, Chung Megan (General Counsel and Secretary) disposed off 3,200 shares at an average price of $5.13 for $16412.0. The insider now directly holds 93,812 shares of Ouster Inc (OUST).

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