The stock of Ouster Inc (NYSE: OUST) has increased by 5.47 when compared to last closing price of 8.78.Despite this, the company has seen a loss of -5.22% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-18 that Ouster, Inc. is rapidly advancing in the Lidar sector by focusing on non-automotive industries, reporting record sales and significant production orders in robotics. The company is seeing substantial revenue growth, with Q4 sales projected to hit $29-$31 million, despite the stock market not recognizing this progress. Ouster only trades at 3x forward sales targets despite the major growth opportunities.
Is It Worth Investing in Ouster Inc (NYSE: OUST) Right Now?
Additionally, the 36-month beta value for OUST is 2.40. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for OUST is 45.37M and currently, short sellers hold a 13.23% ratio of that float. The average trading volume of OUST on November 19, 2024 was 1.09M shares.
OUST’s Market Performance
OUST stock saw an increase of -5.22% in the past week, with a monthly gain of 12.24% and a quarterly increase of 15.03%. The volatility ratio for the week is 8.54%, and the volatility levels for the last 30 days are 8.43% for Ouster Inc (OUST). The simple moving average for the past 20 days is 15.00% for OUST’s stock, with a 7.78% 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 “Overweight.” The predicted price for OUST in the upcoming period, according to Cantor Fitzgerald is $10 based on the research report published on November 11, 2024 of the current year 2024.
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see OUST reach a price target of $13, previously predicting the price at $8. The rating they have provided for OUST stocks is “Neutral” according to the report published on May 22nd, 2024.
OUST Trading at 28.56% 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 -45.14% of loss for the given period.
Volatility was left at 8.43%, however, over the last 30 days, the volatility rate increased by 8.54%, as shares surge +11.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +50.32% upper at present.
During the last 5 trading sessions, OUST fell by -3.99%, which changed the moving average for the period of 200-days by +99.15% in comparison to the 20-day moving average, which settled at $8.06. In addition, Ouster Inc saw 20.73% in overturn over a single year, with a tendency to cut further gains.
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:
- -1.02 for the present operating margin
- 0.29 for the gross margin
The net margin for Ouster Inc stands at -1.06. The total capital return value is set at -0.56. Equity return is now at value -61.40, with -38.92 for asset returns.
Currently, EBITDA for the company is -342.62 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.08. The receivables turnover for the company is 4.12for trailing twelve months and the total asset turnover is 0.41. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.12.
Conclusion
In conclusion, Ouster Inc (OUST) has seen better 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.
