A Few Bright Spots In Ouster Inc (NASDAQ: OUST)

Ouster Inc (NASDAQ:OUST) currently has a daily average trading volume of 1.31M but it saw 1159647 shares traded in last market. With a market cap of 668.89M USD, the company’s current market price of $12.81 came rising about 4.91 while comparing to the previous closing price of $12.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.88 and as low as $4.65. In the recent trading on the day, stock has struck highest price mark of $11.9364 while lowest mark touched by it was $13.12.

Taking a look at 20-day trading activity of Ouster Inc (OUST) gives us an average price of $10.08, while its current price level is -24.11% below from 52-week high level whereas it is 175.48% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.94 while that of 200 days or SMA-200 reads an average of $9.13. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.27% during that period while stretching the period over a month that decreases to 10.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.27 which implies that the stock is in overbought territory.

Cantor Fitzgerald upgraded its recommendation for the stock as a “Overweight” from “Neutral” on November 11, 2024 while assigning a price target range of $12-$10. Cantor Fitzgerald issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $8 and $13.

Over the week, OUST’s stock price is moving 15.45% up while it is 33.26% when we observe its performance for the past one month. Year-to-date it is 65.58% up and over the past year, the stock is showing an upside performance of 75.66%.

Currently, Ouster Inc’s total number of outstanding shares is 49.54M. Company’s return on investment (ROI) stands at -60.23% and return on equity (ROE) at -61.40%. Stock’s beta reads 2.44. Stock has a price to book (P/B) ratio of 3.70 while price to sale or P/S ratio amounts to 6.34. Its return on asset (ROA) is -38.92% on average.