While Ouster Inc has overperformed by 3.96%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OUST rose by 121.54%, with highs and lows ranging from $16.88 to $4.65, whereas the simple moving average jumped by 61.49% in the last 200 days.
On December 12, 2024, Northland Capital started tracking Ouster Inc (NASDAQ: OUST) recommending Outperform. A report published by Cantor Fitzgerald on November 11, 2024, Upgraded its rating to ‘Overweight’ for OUST. Cantor Fitzgerald also Downgraded OUST shares as ‘Neutral’, setting a target price of $13 on the company’s shares in a report dated May 22, 2024. Chardan Capital Markets July 14, 2023d its ‘Neutral’ rating to ‘Buy’ for OUST, as published in its report on July 14, 2023. Citigroup’s report from December 07, 2022 suggests a price prediction of $1.70 for OUST shares, giving the stock a ‘Neutral’ rating. Robert W. Baird also rated the stock as ‘Neutral’.
Analysis of Ouster Inc (OUST)
Further, the quarter-over-quarter increase in sales is 26.41%, showing a positive trend in the upcoming months.
Ouster Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -61.40% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.83, 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.
The average volume for any stock is also a very valuable indicator of volatility, and OUST has an average volume of 1.43M. On a monthly basis, the volatility of the stock is set at 12.56%, whereas on a weekly basis, it is put at 12.70%, with a gain of 21.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.00, showing decline from the present price of $15.22, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 8.56%. 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 40.80% 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 40.80% at present.
