The Vanguard Group, Inc. has recently announced that it has increased stake in Ouster Inc. (NYSE:OUST) by 21.85%. After grabbing 1.85 million shares, the institutional investor is now in possession of 0.33 million shares of the Technology Company. The new investment brought the stake of investor firm to 4.79% having worth around $6.55 million. Moreover, SSgA Funds Management, Inc. increased its share by 66336.0 to have a control over 1.14 million shares. And Penn Capital Management Co LLC raised its holdings to 24796.0 shares by acquiring 0.36 million shares or 0.92% of the stake.
Ouster Inc. (OUST) concluded trading on 05/24/23 at a closing price of $5.90, with 1.09 million shares of worth about $6.44 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -52.42% during that period and on Wednesday the price saw a loss of about -8.24%. Currently the company’s common shares owned by public are about 38.81M shares, out of which, 33.93M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the OUST stock and their offered price forecasts bring an average price target of $9.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.50 and could fall to a lowest price of $5.00. The stock’s current price level is 58.48% above of average price target set by the analysts, while a rise to estimated low would result in loss of -18.0% for the stock. However, touching the estimated high of $17.50 would mean a gain of 66.29% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 72 times over the past 12 months. They bought 9,771,711 shares in 50 of the transactions. In 22 selling transactions, insiders dumped 890,089 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and SPDR S&P Kensho New Economies Com are the top 3 mutual funds which are holding stakes in Ouster Inc. Vanguard Total Stock Market ETF is currently holding 0.92 million shares of worth totaling $3.24 million. The company recently came buying 0.0 shares which brought its stake up to 2.37% of the company’s outstanding shares. iShares Russell 2000 ETF sold 8960.0 shares, after which its hold over company’s outstanding shares shrunk to 1.59%, leaving 0.62 million shares with the mutual fund that have a worth of about $2.18 million. SPDR S&P Kensho New Economies Com, after buying 0.51 million shares, have now control over 1.31% of the stake in the company. It holds 3900.0 shares of worth $1.8 million.
Ouster Inc. (NYSE: OUST) started trading at $6.35, below -$0.08 from concluding price of the previous day. However, the stock later moved at a day high price of 6.38, or with a loss of -8.24%. Stock saw a price change of 3.69% in past 5 days and over the past one month there was a price change of 82.10%. Year-to-date (YTD), OUST shares are showing a performance of -31.63% which decreased to -74.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.21 but also hit the highest price of $23.00 during that period. The average intraday trading volume for Ouster Inc. shares is 820.34K. The stock is currently trading 28.96% above its 20-day simple moving average (SMA20), while that difference is up 2.21% for SMA50 and it goes to -44.30% lower than SMA200.
The Vanguard Group, Inc. acquired 1.85 million shares of Ouster Inc. having value of about $6.55 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.33 million shares in the company valued at close to $1957336.8, or have control over 21.85% stake in the company. Ouster Inc. (NYSE: OUST) currently have 38.81M outstanding shares and institutions hold larger chunk of about 29.90% of that. Holding of mutual funds in the company is about 2.67% while other institutional holders and individual stake holders have control over 8.93% and 13.33% of the stake respectively.
The stock has a current market capitalization of $228.47M. It has posted earnings per share of -$9.20 in the same period. It has Quick Ratio of 4.00 while making debt-to-equity ratio of 0.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OUST, volatility over the week remained 17.02% while standing at 13.08% over the month.
Analysts are in expectations that Ouster Inc. (OUST) stock would likely to be making an EPS of -$1.3 in the current quarter, while forecast for next quarter EPS is -$1.2 and it is -$4.8 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.3 which is -$1.3 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.6 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -11.00% while it is estimated to increase by 27.90% in next year.
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