While Ouster Inc has overperformed by 3.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OUST rose by 20.08%, with highs and lows ranging from $16.88 to $3.67, whereas the simple moving average fell by -26.87% in the last 200 days.
On May 22, 2024, Cantor Fitzgerald Downgraded Ouster Inc (NYSE: OUST) to Neutral. A report published by Chardan Capital Markets on April 03, 2024, Downgraded its rating to ‘Neutral’ for OUST. Chardan Capital Markets also Upgraded OUST shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated July 14, 2023. Citigroup December 07, 2022d the rating to Neutral on December 07, 2022, and set its price target from $10 to $1.70. Robert W. Baird November 08, 2022d its ‘Outperform’ rating to ‘Neutral’ for OUST, as published in its report on November 08, 2022. Rosenblatt’s report from October 25, 2022 suggests a price prediction of $2 for OUST shares, giving the stock a ‘Buy’ rating. Barclays also rated the stock as ‘Equal Weight’.
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Analysis of Ouster Inc (OUST)
Further, the quarter-over-quarter increase in sales is 39.15%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ouster Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -62.86% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 3.14, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and OUST is recording an average volume of 1.23M. On a monthly basis, the volatility of the stock is set at 6.88%, whereas on a weekly basis, it is put at 6.45%, with a loss of -13.96% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.70, showing growth from the present price of $6.10, which can serve as yet another indication of whether OUST is worth investing in or should be passed over.
How Do You Analyze Ouster Inc Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 42.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 36.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OUST shares are owned by institutional investors to the tune of 36.67% at present.
