OUST Stock Summary and Trading Ideas (Ouster | NYSE:OUST)

Ouster Inc is a provider of lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries. Ouster's products include high-resolution scanning and solid-state digital lidar sensors, Velodyne Lidar sensors, and software solutions. The company operates in the Americas, Asia and Pacific, Europe, Middle East, and Africa regions. It derives maximum revenue from Americas.

Ouster trades on the NYSE stock market under the symbol OUST.

As of December 16, 2024, OUST stock price climbed to $9.23 with 289,353 million shares trading.

OUST has a beta of 2.34, meaning it tends to be more sensitive to market movements. OUST has a correlation of 0.08 to the broad based SPY ETF.

OUST has a market cap of $459.38 million. This is considered a Small Cap stock.

Last quarter Ouster reported $28 million in Revenue and -$.54 earnings per share. This beat revenue expectation by $55,000 and exceeded earnings estimates by $.03.

In the last 3 years, OUST traded as high as $64.30 and as low as $3.21.

The top ETF exchange traded funds that OUST belongs to (by Net Assets): IWM, VTI, KOMP, VGT, VXF.

OUST has outperformed the market in the last year with a return of +38.4%, while the SPY ETF gained +30.4%. In the last 3 month period, OUST beat the market returning +38.6%, while SPY returned +8.2%. However, in the most recent 2 weeks OUST has underperformed the stock market by returning -6.6%, while SPY returned +0.7%.

OUST support price is $8.58 and resistance is $9.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OUST shares will trade within this expected range on the day.