Currently, there are 40.69M common shares owned by the public and among those 21.92M shares have been available to trade.
Insiders at the company have transacted a total of 43 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 4,427,084 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 442,774 shares.
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However, the script later moved the day high at 5.89, down -1.86%. The company’s stock has a 5-day price change of 7.41% and 10.90% over the past three months. OUST shares are trading -24.38% year to date (YTD), with the 12-month market performance down to -62.09% lower. It has a 12-month low price of $3.21 and touched a high of $15.30 over the same period. OUST has an average intraday trading volume of 879.38K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.66%, -7.14%, and 5.40% respectively.
Institutional ownership of Ouster Inc (NYSE: OUST) shares accounts for 28.87% of the company’s 40.69M shares outstanding.
It has a market capitalization of $236.00M and a beta (3y monthly) value of 2.51. The earnings-per-share (ttm) stands at -$12.40. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.66% over the week and 7.13% over the month.
Analysts forecast that Ouster Inc (OUST) will achieve an EPS of -$0.83 for the current quarter, -$0.77 for the next quarter and -$2.27 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.96 while analysts give the company a high EPS estimate of -$0.7. Comparatively, EPS for the current quarter was -$2.3 a year ago. Earnings per share for the fiscal year are expected to increase by 47.02%, and 33.33% over the next financial year.
Looking at the support for the OUST, a number of firms have released research notes about the stock. Chardan Capital Markets stated their Buy rating for the stock in a research note on July 14, 2023, with the firm’s price target at $10.
