In a filing, Ouster Inc revealed its Chief Financial Officer WEINSWIG MARK unloaded Company’s shares for reported $0.19 million on Apr 02 ’24. In the deal valued at $9.35 per share,19,990 shares were sold. As a result of this transaction, WEINSWIG MARK now holds 236,800 shares worth roughly $2.06 million.
Then, Chung Megan sold 5,776 shares, generating $45,976 in total proceeds. Upon selling the shares at $7.96, the General Counsel and Secretary now owns 163,966 shares.
Before that, SPENCER DARIEN sold 286 shares. Ouster Inc shares valued at $1,384 were divested by the Chief Operating Officer at a price of $4.84 per share. As a result of the transaction, SPENCER DARIEN now holds 252,873 shares, worth roughly $2.2 million.
Chardan Capital Markets downgraded its Ouster Inc [OUST] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “a Buy”. Citigroup also remained covering OUST and has decreased its forecast on December 07, 2022 with a “Neutral” recommendation from previously “Buy” rating. Robert W. Baird revised its rating on November 08, 2022. It rated OUST as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of OUST
On Tuesday, Ouster Inc [NYSE:OUST] saw its stock fall -8.04% to $8.69. Over the last five days, the stock has lost -12.84%. Ouster Inc shares have risen nearly 13.30% since the year began. Nevertheless, the stocks have risen 29.66% over the past one year. While a 52-week high of $11.40 was reached on 04/04/24, a 52-week low of $3.21 was recorded on 03/14/24. SMA at 50 days reached $5.97, while 200 days put it at $5.62. A total of 2.16 million shares were traded, compared to the trading of 3.7 million shares in the previous session.
Levels Of Support And Resistance For OUST Stock
The 24-hour chart illustrates a support level at 8.14, which if violated will result in even more drops to 7.58. On the upside, there is a resistance level at 9.62. A further resistance level may holdings at 10.54. The Relative Strength Index (RSI) on the 14-day chart is 65.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.00%. Stochastics %K at 67.63% indicates the stock is a holding.
How much short interest is there in Ouster Inc?
A steep rise in short interest was recorded in Ouster Inc stocks on Mar 28, 2024, growing by 1.09 million shares to a total of 5.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 4.18 million shares. There was a rise of 20.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.2.
The most recent change occurred on October 25, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $2 price target.
