Is Ouster Inc (OUST) a Stock to Watch After Gaining 3.87% This Week?

Ouster Inc (OUST) stock is higher by 3.87% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Ouster Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on OUST!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With OUST Stock Today?

Ouster Inc (OUST) stock is trading at $5.63 as of 1:07 PM on Friday, Dec 1, an increase of $0.51, or 9.96% from the previous closing price of $5.12. The stock has traded between $5.05 and $5.64 so far today. Volume today is 608,967 compared to average volume of 646,104. To see InvestorsObserver's Sentiment Score for Ouster Inc click here.

More About Ouster Inc

High-resolution lidar sensors for long, mid, and short range applications We transformed lidar from an analog device with thousands of components to an elegant digital device powered by one chip-scale laser array and one CMOS sensor. The result is a full range of high-resolution lidar sensors that deliver superior imaging at a dramatically lower price. Click Here to get the full Stock Report for Ouster Inc stock.