Ouster (OUST) to Release Earnings on Thursday

Ouster (NYSE:OUST) is projected to post its quarterly earnings results after the market closes on Thursday, March 20th. Analysts expect Ouster to post earnings of ($0.57) per share and revenue of $30.00 million for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Ouster Trading Down 4.1 %

Shares of OUST stock opened at $8.16 on Wednesday. The firm has a market capitalization of $406.13 million, a PE ratio of -3.18 and a beta of 2.38. The firm has a fifty day simple moving average of $9.58 and a two-hundred day simple moving average of $8.90. Ouster has a 12 month low of $4.75 and a 12 month high of $16.88.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Northland Capmk upgraded shares of Ouster to a “strong-buy” rating in a research note on Thursday, December 12th. Northland Securities assumed coverage on shares of Ouster in a research note on Thursday, December 12th. They set an “outperform” rating and a $14.00 price target for the company. Finally, Westpark Capital assumed coverage on shares of Ouster in a research note on Monday. They set a “hold” rating for the company. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ouster presently has a consensus rating of “Moderate Buy” and an average target price of $13.17.

About Ouster

Ouster, Inc provides lidar sensors for the automotive, industrial, robotics, and smart infrastructure industries in Americas, the Asia-Pacific, Europe, the Middle East, and Africa. Its products include high-resolution scanning and solid-state digital lidar sensors, analog lidar sensors, and software solutions.