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Ouster Inc (OUST) – Don’t Believe the Hype: Check The Facts

Ouster Inc (NYSE: OUST) is 24.51% higher on its value in year-to-date trading and has touched a low of $4.65 and a high of $16.88 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 $9.36 in the last trading session, with the day’s gains setting it 0.19%.

Currently trading at $9.55, the stock is 10.81% and 26.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.95 million and changing 2.03% at the moment leaves the stock 9.59% off its SMA200. OUST registered 84.01% gain for a year compared to 6-month loss of -21.46%. The firm has a 50-day simple moving average (SMA 50) of $7.5694 and a 200-day simple moving average (SMA200) of $8.71395.

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The stock witnessed a 34.51% gain in the last 1 month and extending the period to 3 months gives it a 33.38%, and is 7.55% 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 6.86% over the week and 8.52% over the month.

Ouster Inc (OUST) has around 202 employees, a market worth around $484.96M and $105.45M in sales. Profit margin for the company is -106.50%. Distance from 52-week low is 105.38% and -43.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-60.23%).

The EPS is expected to grow by 66.32% this year

176.0 institutions hold shares in Ouster Inc (OUST), with institutional investors hold 47.76% of the company’s shares. The shares outstanding are 49.77M, and float is at 45.37M with Short Float at 10.58%. Institutions hold 43.63% of the Float.

The top institutional shareholder in the company is ITAU UNIBANCO HOLDING S.A. with over 1515.0 shares valued at $14892.0. The investor’s holdings represent 0.0034 of the OUST Shares outstanding. As of 2024-06-30, the second largest holder is NBT BANK N A /NY with 50.0 shares valued at $492.0 to account for 0.0001 of the shares outstanding.

Ouster Inc (OUST) Insider Activity

The most recent transaction is an insider sale by WEINSWIG MARK, the company’s Chief Financial Officer. SEC filings show that WEINSWIG MARK sold 31,397 shares of the company’s common stock on Nov 20 ’24 at a price of $8.72 per share for a total of $0.27 million. Following the sale, the insider now owns 0.2 million shares.

Ouster Inc disclosed in a document filed with the SEC on Nov 21 ’24 that WEINSWIG MARK (Chief Financial Officer) sold a total of 4,460 shares of the company’s common stock. The trade occurred on Nov 21 ’24 and was made at $8.91 per share for $39750.0. Following the transaction, the insider now directly holds 0.19 million shares of the OUST stock.

Still, SEC filings show that on Nov 21 ’24, MARK WEINSWIG (Officer) Proposed Sale 4,460 shares at an average price of $8.91 for $39750.0. The insider now directly holds shares of Ouster Inc (OUST).

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