With 4.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.99 million shares. The 52-week range on OUST shows that it touched its highest point at $20.90 and its lowest point at $5.84 during that stretch. It currently has a 1-year price target of $15.11. Beta for the stock currently stands at 2.48.
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 up-trending over the past week, with a rise of 31.12%, but this was up by 77.14% over a month. Three-month performance surged to 133.96% while six-month performance rose 106.75%. The stock gained 84.69% in the past year, while it has gained 62.93% so far this year. A look at the trailing 12-month EPS for OUST yields -1.96 with Next year EPS estimates of -0.65. For the next quarter, that number is -0.25. This implies an EPS growth rate of 24.39% for this year and 29.04% for next year. EPS is expected to grow by 40.13% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.80%.
Float and Shares Shorts:
At present, 53.79 million OUST shares are outstanding with a float of 48.30 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 -$1.19705 being high and -$1.33003 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 -$0.13 and the low estimate is -$0.27. The average estimate for the next quarter is thus -$0.18.
