The stock of Ouster Inc (NYSE: OUST) has increased by 6.33 when compared to last closing price of 6.63.Despite this, the company has seen a loss of -6.62% in its stock price over the last five trading days. zacks.com reported 2024-10-30 that In the closing of the recent trading day, Ouster, Inc. (OUST) stood at $6.97, denoting a -1.83% change from the preceding trading day.
Is It Worth Investing in Ouster Inc (NYSE: OUST) Right Now?
Additionally, the 36-month beta value for OUST is 2.35. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OUST is 44.17M and currently, short sellers hold a 14.60% ratio of that float. The average trading volume of OUST on November 01, 2024 was 1.10M shares.
OUST’s Market Performance
OUST stock saw an increase of -6.62% in the past week, with a monthly gain of 14.45% and a quarterly increase of -36.54%. The volatility ratio for the week is 6.01%, and the volatility levels for the last 30 days are 6.60% for Ouster Inc (OUST). The simple moving average for the past 20 days is -3.23% for OUST’s stock, with a -16.18% simple moving average for the past 200 days.
Analysts’ Opinion of OUST
Many brokerage firms have already submitted their reports for OUST stocks, with Cantor Fitzgerald repeating the rating for OUST by listing it as a “Neutral.” The predicted price for OUST in the upcoming period, according to Cantor Fitzgerald is $13 based on the research report published on May 22, 2024 of the current year 2024.
Chardan Capital Markets gave a rating of “Buy” to OUST, setting the target price at $10 in the report published on July 14th of the previous year.
OUST Trading at 3.95% from the 50-Day Moving Average
After a stumble in the market that brought OUST to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.23% of loss for the given period.
Volatility was left at 6.60%, however, over the last 30 days, the volatility rate increased by 6.01%, as shares surge +10.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.45% lower at present.
During the last 5 trading sessions, OUST fell by -6.75%, which changed the moving average for the period of 200-days by +16.36% in comparison to the 20-day moving average, which settled at $7.28. In addition, Ouster Inc saw -8.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OUST starting from SPENCER DARIEN, who sale 263 shares at the price of $6.36 back on Sep 17 ’24. After this action, SPENCER DARIEN now owns 305,612 shares of Ouster Inc, valued at $1,673 using the latest closing price.
WEINSWIG MARK, the Chief Financial Officer of Ouster Inc, sale 2,540 shares at $6.16 during a trade that took place back on Sep 12 ’24, which means that WEINSWIG MARK is holding 227,047 shares at $15,655 based on the most recent closing price.
Stock Fundamentals for OUST
Current profitability levels for the company are sitting at:
- -1.17 for the present operating margin
- 0.23 for the gross margin
The net margin for Ouster Inc stands at -1.22. The total capital return value is set at -0.49. Equity return is now at value -62.86, with -36.71 for asset returns.
Based on Ouster Inc (OUST), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -1.54. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is -51.52.
Currently, EBITDA for the company is -161.74 million with net debt to EBITDA at -0.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.61. The receivables turnover for the company is 2.5for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.40.
Conclusion
In conclusion, Ouster Inc (OUST) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
