Ouster, Inc. (NASDAQ:OUST) stock traded higher in Wednesday’s premarket session after the company expanded its strategic agreement with AIM Intelligent Machines.
Ouster, AIM Expand Partnership
Ouster signed a strategic agreement with AIM Intelligent Machines to supply digital lidar sensors for AI-powered autonomous heavy earthmoving equipment used in mining, construction and defense.
The agreement expands the companies’ multi-year partnership and secures a high-volume supply of Ouster’s lidar sensors as AIM scales deployments. AIM also plans to integrate Ouster’s new Rev8 native color digital lidar to improve 3D perception, object classification and edge computing in complex industrial environments.
AIM said its autonomy kit can retrofit existing heavy machinery in less than 24 hours without voiding OEM warranties. The platform operates without cellular networks, cloud infrastructure or GPS and supports manual operator override.
Technical Picture Remains Bullish
Ouster stock rose more than 2% in Wednesday’s premarket session ahead of the opening bell. Nasdaq futures climbed 0.55%, while S&P 500 futures gained 0.09%.
Ouster remains in a strong long-term uptrend. The stock has gained about 125% over the past year and continues to trade well above its key moving averages.
At $43.75, Ouster is 7.3% above its 20-day simple moving average of $40.74 and 63.8% above its 200-day simple moving average of $26.68. The 20-day moving average also remains above the 50-day moving average, while the 50-day crossed above the 200-day in May, forming a bullish golden cross.
Momentum has cooled slightly. The MACD remains below its signal line, suggesting buying pressure has eased after the recent rally. However, the broader trend remains positive.
The stock is approaching its June 52-week high, making that area an important resistance level. A breakout above $49.50 could open the door to fresh highs. On the downside, traders may watch the $35.50 area, where previous buying interest emerged.
Price Action
OUST Stock Price Activity: Ouster shares were up 2.39% at $43.75 during premarket trading on Wednesday, according to Benzinga Pro data.
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