On Thursday, March 23, after the market has closed, Ouster (NYSE: OUST) plans to announce its financial results for the preceding quarter. Simply follow the link below to join the company on a conference call open to anyone interested in participating.
On Thursday, OUST shares were priced at $0.89 and began trading for the first time.
During the previous year, the price of Ouster ranged from a low of $0.76 to a high of $5.00 at various points.
The company has experienced a moving average of $1.17 over the previous 200 days; the moving average for the most recent 50 days is $1.25.
The company’s market value is currently estimated to be $165.01 million, its price-to-earnings ratio is currently estimated to be -1.24, and its beta is currently estimated to be 2.56.
The current ratio is 6.70, the quick ratio is 5.89, and the debt-to-equity ratio is 0.09.
These are the ratios that are being reported here.
On top of this, Citigroup lowered its stock rating for Ouster from “buy” to “neutral” and set a price objective of $1.70 per share for the company’s shares. On December 7, a Wednesday, a report was made available to the general public.
The stock has been given a buy recommendation by four of the five research analysts and a hold rating by three.
According to Bloomberg.com, the company is currently rated as having a consensus “Moderate Buy” recommendation, and the consensus price objective is currently set at $3.59.
In addition, the consensus price target is currently set at $3.59.
On Monday, February 27, Director Ted L.
Tewksbury III was successful in selling 326,248 shares of company stock.
This is just one of the many items that are relevant to this topic.
The typical price that purchasers paid for each share was $1.11, resulting in a total revenue of $362,135.28 when all of the shares were sold. Following the completion of the transaction, the director now has 982,998 shares of the company’s stock, which have a combined value of $1,091,127.78.
The Securities and Exchange Commission was given legal documentation about the transaction, which can be viewed by following the link in the previous sentence.
The documentation was provided to the SEC.
The percentage of the company’s stock owned by company insiders at the moment is 10.70%.
Institutional investors and hedge funds have recently altered how they hold company positions in response to recent market events.
In the fourth quarter, AllianceBernstein L.P.
Increased the amount of Ouster stock owned by 29.5%, bringing the total to 100%. Following the acquisition of an additional 12,700 shares over time, Alliancebernstein L.P. now holds a total of 55,700 shares of the company’s stock, and the value of those shares, according to the current market, is $48,000.
During the fourth quarter, CI Private Wealth LLC contributed approximately $95,000 to Ouster as a new investment to acquire a new stake in the company.
During the fourth quarter, MetLife Investment Management LLC increased its investment in Ouster by approximately 74,000 dollars by making additional purchases.
During the final three months of 2018, Morgan Stanley increased the percentage of Ouster stock owned by 33.1%. Following the acquisition of an additional 302,862 shares during the most recent quarter, Morgan Stanley now directly owns 1,216,579 shares of the company’s stock, which have a combined value of $1,050,000.
This brings the total number of shares owned by Morgan Stanley to 1,216,579, And finally, the number of shares held in Ouster by Man Group plc increased by 31.6% during the fourth quarter of the fiscal year. Since the beginning of this quarter, Man Group plc has acquired an additional 87,502 shares of the company’s stock, valued at $314,000.
At this time, institutional investors hold 28.79% of the company’s total shares.