Overstock.com Inc. (NASDAQ:OSTK) saw a downside of -4.43% to close Tuesday at $23.92 after subtracting -$1.11 on the day. The 5-day average trading volume is 2,243,860 shares of the company’s common stock. It has gained $29.64 in the past week and touched a new high 1 time within the past 5 days. An average of 2,485,230 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,876,516.
OSTK’s 1-month performance is -22.64% or -$8.12 on its low of $23.84 reached on 08/22/23. The company’s shares have touched a 52-week low of $17.05 and high of $39.27, with the stock’s rally to the 52-week high happening on 08/02/23. YTD, OSTK has achieved 23.55% or $4.56 and has reached a new high 19 times. However, the current price is down -39.09% from the 52-week high price.
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Insider Transactions
OSTK stock investors last saw insider trading activity on Aug 07.Messing Barbara (Director) most recently sold 592 shares at $33.43 per share on Aug 07. This transaction cost the insider $19,791. CHIEF TECHNOLOGY OFFICER, Weight Joel, sold 2,500 shares at a price of $36.25 on Aug 02. Then, on Mar 13, CHIEF LEGAL OFFICER Nickle Eric Glen sold 2,000 shares at a price of $17.19 per share. This transaction amounted to $34,380.
Valuation Metrics
OSTK stock has a beta of 3.64. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.65 while the price-to-book (PB) in the most recent quarter is 1.89.
Overstock.com Inc.’s quick ratio for the period ended June 29 was 1.90, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.06, while the total debt to equity was 0.06.. In terms of profitability, the gross margin trailing 12 months is 22.80%. The trailing 12-month EBITDA margin is 2.54% while for the period ending June 29, Overstock.com Inc.’s operating margin was -0.60%. The firm’s gross profit as reported stood at $443.34 million against revenue of $1.93 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 109.73% to -$73.49 million, while revenue of -$10.31 million was 85.97% off the previous quarter. Analysts expected OSTK to announce -$0.09 per share in earnings in its latest quarter, but it posted -$0.02, representing a 77.80% surprise. EBITDA for the quarter stood at more than $0.27 million. OSTK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 237.39 million, with total debt at $41.67 million. Shareholders hold equity totaling $45.2 million.
Let’s look briefly at Overstock.com Inc. (OSTK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 18.56% to suggest the stock is trending oversold, with historical volatility in this time period at 53.93%.
The stock’s 5-day moving average is $25.69, reflecting a -20.13% or -$6.03 change from its current price. OSTK is currently trading -22.26% above its 20-day SMA, +17.60% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +15.33% and SMA200 by+10.64%.
Stochastic %K and %D was 3.09% and 2.92% and the average true range (ATR) pointed at 1.83. The RSI (14) points at 28.73%, while the 14-day stochastic is at 0.50% with the period’s ATR at 1.89. The stock’s 9-day MACD Oscillator is pointing at -3.00 and -4.85 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Overstock.com Inc. (NASDAQ: OSTK), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock.
