With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.19 million shares. The 52-week range on OUST shows that it touched its highest point at $16.88 and its lowest point at $5.84 during that stretch. It currently has a 1-year price target of $12.90. Beta for the stock currently stands at 2.26.
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 14.12%, but this was up by 30.86% over a month. Three-month performance dropped to -21.72% while six-month performance rose 22.70%. The stock lost -11.91% in the past year, while it has lost -29.21% so far this year. A look at the trailing 12-month EPS for OUST yields -2.09 with Next year EPS estimates of -0.84. For the next quarter, that number is -0.29. This implies an EPS growth rate of 13.58% for this year and 19.85% for next year. EPS is expected to decline by -1.58% 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, 52.56 million OUST shares are outstanding with a float of 48.58 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 -$1.19374 being high and -$1.3142 being low. For OUST, this leads to a yearly average estimate of -$1.26914.
