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Sunday, April 2, 2023

What Are The Chances Of Ouster Inc. (NYSE: OUST) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Ouster Inc. (OUST) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 1.87%, to $1.09. The Ouster Inc. has recorded 11,265 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Ouster Announces Date for Fourth Quarter 2022 Earnings Call.

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Stocks Info

As a NYSE listed company, OUST falls under the Technology sector while operating within the Electronic Components industry segment. At the end of the last regular session, the stock closed at $1.07 and fluctuated between $1.1000 as its day high and $1.0500 as its day low. The current market capitalization of Ouster Inc. is $424.88M. A total of 2.29 million shares were traded on the day, compared to an average of 1.63M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OUST has seen 5 BUY and 7 SELL insider trades, representing the acquisition of 63,257 and the disposition of 179,212 shares. Over the last 12 months, there were 40 BUYs and 19 SELLs from insiders. Insiders purchased 2,655,162 shares during that period but sold 491,206.

In the most recent transaction, Tewksbury Ted L III sold 326,248 shares of OUST for 1.11 per share on Feb 27. After the transaction, the Director now owns 982,998 company shares. In a previous transaction on Dec 16, Brunelle Anna sold 3,067 shares at 1.10 per share. OUST shares that Chief Financial Officer owns now total 2,320,623.

Among the insiders who sold shares, SPENCER DARIEN disposed of 2,467 shares on Dec 16 at a per-share price of $1.10. This resulted in the EVP of Global Operations holding 1,595,787 shares of OUST after the transaction. In another insider transaction, Dickerman Nathan sold 45,070 shares at $1.23 per share on Dec 14. Company shares held by the President of Field Operations now total 845,317.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OUST in the last 3 months, the mean price target is $3.10 with high estimates of $5.00 and low estimates of $1.50. In terms of 52-week highs and lows, OUST has a high of $5.00 and a low of $0.76.

As of this writing, OUST has an earnings estimate of -$0.18 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.12 per share and a lower estimate of -$0.24. The company reported an EPS of -$0.16 in the last quarter, which was 5.90% higher than expectations of -$0.17.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OUST is Overweight with a score of 4.14. A total of 5 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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