The stock of Overstock.com Inc. (NASDAQ:OSTK) decreased by -$2.48 on Wednesday to $27.47, down -8.28 percent. The last five days have seen an average of 1,312,706 shares of common stock traded. 19 times new highs were reached in the current year, with a gain of $8.16. The average number of shares traded over the last 20 days was 2,344,146, while the average volume over the last 50 days totaled 2,801,567.
OSTK stock dropped -14.77% since last month. On 08/16/23, the company’s shares reached a one-month low of $27.27. The stock touched a high of $39.27 on 08/02/23, after rallying from a low of $17.05 in 52 weeks. The price of OSTK stock has risen by 41.89% or $8.16 this year, reaching a new high 19 times. Still, the stock price is down -30.05% from the 52-week high.
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Insider Transactions
OSTK stock investors should be aware that Overstock.com Inc. (OSTK) stock had its last reported insider trading activity 9 days ago on Aug 07. On Aug 07, Director Messing Barbara sold 592 shares at $33.43 each. This transaction resulted in the insider making $19,791. On Aug 02, Weight Joel sold 2,500 shares at a price of US$36.25. After the transaction, the insider now owns 12,373 shares. CHIEF LEGAL OFFICER Nickle Eric Glen had earlier sold 2,000 shares on Mar 13 for $17.19 a share. The transaction was completed for $34,380.
Valuation Metrics
Beta for the stock is 3.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 2.17.
Financial Health
For the three months ended June 29, Overstock.com Inc.’s quick ratio was 1.90, while its current ratio was 2.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.06, and the total debt to equity ratio is 0.06. As far as profitability goes, gross margin for the trailing twelve months is 22.80% percent. Overstock.com Inc.’s EBITDA margin for the year ended June 29 was 2.54%, whereas its operating margin stood at -0.60% for the same period. Based on annual data, it had gross profit of $443.34 million and revenue of $1.93 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. OSTK’s return on assets (ROA) during the last 12 months has been -15.60%. There was a 3.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -21.70%.
Earnings Surprise
According to Overstock.com Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $422.21 million, while revenues fell by -25.08% to $381.14 million. It was predicted that Overstock.com Inc.’s quarterly earnings would be -$0.02, but it ended up being -$0.09, beating the consensus by 77.80%. EBITDA was $0.27 million for the quarter. At the end of Overstock.com Inc.’s most recent quarter ended June 29, its liabilities totaled 237.39 million, while its total debt was $41.67 million. Equity owned by shareholders amounts to $45.2 million.
Technical Picture
Here’s a quick look at Overstock.com Inc.’s (OSTK) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 26.63%, suggesting the stock is oversold, with a 47.91% historical volatility rate.
The stochastic %K and %D were 6.03% and 9.47% respectively, while the average true range (ATR) was 1.95. Based on the 14-day stochastic reading of 2.12%, the RSI (14) reading is 36.62%. On the 9-day MACD Oscillator, the stock is at -1.59, and the 14-day reading is at -3.45.
Analyst Ratings
Overstock.com Inc. (NASDAQ: OSTK) was downgraded by Piper Sandler to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Overstock.com Inc. (OSTK) an Hold rating. OSTK is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is OSTK’s price target for the next 12 months?
The current consensus forecast for the stock is between $19.00 and $87.00, with a median target price of $37.00. In analyzing these forecasts, the average price target given by analysts for Overstock.com Inc. (OSTK) is $42.67.
