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Wednesday, December 6, 2023

Ouster Inc (OUST) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Ouster Inc (OUST) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.21%, to $4.72. The Ouster Inc has recorded 1,088 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Ouster Exceeds Q3 2023 Revenue Guidance; Achieves Over $120 Million in Annualized Cost Savings; Sets Financial Framework to Help Reach Profitability.

Stocks Info

Ouster Inc is listed on the NYSE in the Technology sector while operating in the Electronic Components industry. At the end of the last regular session, the stock closed at $4.73 and fluctuated between $4.9500 as its day high and $4.5600 as its day low. The current market capitalization of Ouster Inc is $186.84M. A total of 0.81 million shares were traded on the day, compared to an average of 637.45K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OUST has seen 5 BUY and 7 SELL insider trades, representing the acquisition of 88,600 and the disposition of 32,734 shares. Over the last 12 months, there were 39 BUYs and 24 SELLs from insiders. Insiders purchased 8,169,673 shares during that period but sold 591,387.

In the most recent transaction, SPENCER DARIEN sold 243 shares of OUST for 4.65 per share on Sep 18. After the transaction, the Chief Operating Officer now owns 261,781 company shares. In a previous transaction on Sep 15, BOULET VIRGINIA bought 10,000 shares at 4.68 per share. OUST shares that Director owns now total 153,089.

Among the insiders who sold shares, SPENCER DARIEN disposed of 3,802 shares on Sep 12 at a per-share price of $4.81. This resulted in the Chief Operating Officer holding 262,024 shares of OUST after the transaction. In another insider transaction, Chung Megan sold 2,614 shares at $4.81 per share on Sep 12. Company shares held by the General Counsel and Secretary now total 99,575.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OUST in the last 3 months, the mean price target is $8.93 with high estimates of $12.00 and low estimates of $5.00. In terms of 52-week highs and lows, OUST has a high of $19.20 and a low of $3.21.

As of this writing, OUST has an earnings estimate of -$0.98 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.83 per share and a lower estimate of -$1.22. The company reported an EPS of -$3.19 in the last quarter, which was -115.50% lower than expectations of -$1.48.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. OUST’s latest balance sheet shows that the firm has $182.64M in Cash & Short Term Investments as of fiscal 2021. There were $19.27M in debt and $22.10M in liabilities at the time. Its Book Value Per Share was $5.52, while its Total Shareholder’s Equity was $260.70M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.33.

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