OUSTER INC (NASDAQ:OUST) – A High-Growth Stock Meeting Minervini's Trend Template

OUSTER INC (NASDAQ:OUST) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which specializes in high-resolution digital lidar sensors, demonstrates strong technical and fundamental characteristics that may appeal to growth-focused investors.

Why OUST Fits the Minervini Trend Template

Minervini’s Trend Template focuses on stocks exhibiting strong uptrends with favorable moving average alignments and relative strength. OUST meets these criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($10.68), 150-day ($10.14), and 200-day ($9.30) moving averages, confirming a bullish trend.
• Upward-Sloping Moving Averages: The 50-day MA is above both the 150-day and 200-day MAs, while the 150-day MA is above the 200-day MA—a key Minervini requirement.
• Strong Relative Strength: With a ChartMill Relative Strength score of 96.84, OUST outperforms nearly 97% of all stocks.
• Price Near 52-Week High: Currently at $18.99, the stock is within 9% of its 52-week high ($20.90), indicating sustained momentum.

High-Growth Fundamentals

Beyond technical strength, OUST shows accelerating growth metrics:

• Revenue Growth: Quarterly sales growth stands at 25.8%, with year-over-year revenue growth at 28%.
• Improving Earnings: While still unprofitable, EPS growth has improved significantly (64.7% YoY), and forward EPS revisions are up 53% over the past three months.
• Sector Leadership: OUST ranks in the top 10% of its industry (Electronic Equipment, Instruments & Components), reinforcing its market leadership.

Technical Outlook

According to ChartMill’s technical report, OUST scores a perfect 10/10 on technical health, supported by:

• Strong long- and short-term uptrends.
• High trading volume, confirming institutional interest.
• A recent breakout from consolidation, though volatility suggests waiting for a better entry point.

For a deeper analysis, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and technical strength.

Disclaimer

This is not investment advice. Always conduct your own research and assess risk before making investment decisions.