With 1.5 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.5 million shares. The 52-week range on OUST shows that it touched its highest point at $16.88 and its lowest point at $4.65 during that stretch. It currently has a 1-year price target of $13.00. Beta for the stock currently stands at 2.36.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OUST was down-trending over the past week, with a drop of -12.09%, but this was down by -17.64% over a month. Three-month performance surged to 1.03% while six-month performance rose 13.14%. The stock gained 58.39% in the past year, while it has lost -27.41% so far this year. A look at the trailing 12-month EPS for OUST yields -2.57 with Next year EPS estimates of -1.06. For the next quarter, that number is -0.34. This implies an EPS growth rate of 66.99% for this year and 20.32% for next year.
Float and Shares Shorts:
At present, 49.54 million OUST shares are outstanding with a float of 45.46 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OUST since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.22499 being high and -$1.29631 being low. For OUST, this leads to a yearly average estimate of -$1.26914. Based on analyst estimates, the high estimate for the next quarter is -$0.22 and the low estimate is -$0.32. The average estimate for the next quarter is thus -$0.26.
