As of Thursday close, Overstock.com Inc.’s (NASDAQ:OSTK) stock was down -$0.24, moving down -1.34 percent to $17.71. The average number of shares traded per day over the past five days has been 1,854,920 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.26 fall in that time frame. In the last twenty days, the average volume was 2,625,615, while in the previous 50 days, it was 2,407,636.
Since last month, OSTK stock retreated -25.96%. Shares of the company fell to $17.37 on 09/21/23, the lowest level in the past month. A 52-week high of $39.27 was reached on 08/02/23 after having rallying from a 52-week low of $17.05. Since the beginning of this year, OSTK’s stock price has dropped by -8.52% or -$1.65, and marked a new high 19 times. However, the stock has declined by -54.91% since its 52-week high.
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OSTK stock investors should be aware that Overstock.com Inc. (OSTK) stock had its last reported insider trading activity 31 days ago on Aug 22. Nettles William Benjamin JR, the Director of the company, purchased of 2,052 shares for $24.68 on Aug 22. It resulted in a $50,644 investment by the insider. Messing Barbara sold 592 shares at an average price of $33.43 on Aug 07. The insider now owns 5,635 shares following the transaction. On Aug 02, CHIEF TECHNOLOGY OFFICER Weight Joel sold 2,500 shares at $36.25 apiece. The transaction was valued at $90,625.
Valuation Metrics
The stock’s beta is 3.66. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 1.40.
Financial Health
In the three months ended June 29, Overstock.com Inc.’s quick ratio stood at 1.90, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.06, and the total debt-to-equity ratio was 0.06. On the profitability front, the trailing twelve-month gross margin is 22.80% percent. In the year ended June 29, EBITDA margin amounted to 2.54%, whereas operating margins totaled -0.60%. Based on annual data, OSTK earned $443.34 million in gross profit and brought in $1.93 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.70%. Return on equity (ROE) for the past 12 months was -21.70%.
In Overstock.com Inc.’s quarter-end financial report for June 29, it reported total debt of $34.22 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OSTK’s revenue fell -25.08% to $381.14 million during the quarter, while net income inched up to $422.21 million. While analysts expected Overstock.com Inc. to report -$0.09 quarterly earnings, the actual figure was -$0.02 per share, beating the consensus estimate by 77.80%. During the quarter, the company generated $0.27 million in EBITDA. The liabilities of Overstock.com Inc. were 237.39 million at the end of its most recent quarter ended June 29, and its total debt was $41.67 million. The value of shareholders’ equity is $45.2 million.
Technical Picture
This quick technical analysis looks at Overstock.com Inc.’s (OSTK) price momentum. With a historical volatility rate of 46.80%, the RSI 9-day stood at 21.35% on 21 September.
With respect to its five-day moving average, the current Overstock.com Inc. price is down by -15.55% percent or -$3.26. At present, OSTK shares trade -26.88% below its 20-day simple moving average and -13.02% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.46% below its SMA50 and -33.40% below its SMA200.
Stochastic coefficient K was 2.26% and Stochastic coefficient D was 2.91%, while ATR was 1.36. Given the Stochastic reading of 3.30% for the 14-day period, the RSI (14) reading has been calculated as 26.09%. As of today, the MACD Oscillator reading stands at -1.61, while the 14-day reading stands at -2.94.
Analyst Ratings
BTIG Research launched its rating on Overstock.com Inc. (NASDAQ: OSTK) to a Neutral in a note to investors on Sep-22-23. Overstock.com Inc. (OSTK) has been rated Hold by analysts. According to 0 brokerage firms, OSTK is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Overstock.com Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $29.50, the current consensus forecast for the stock is $19.00 – $85.00. Based on these forecasts, analysts predict Overstock.com Inc. (OSTK) will achieve an average price target of $38.17.
