Overstock.com Inc. [NASDAQ: OSTK] closed the trading session at $72.93 on 02/24/21. The day’s price range saw the stock hit a low of $71.05, while the highest price level was $85.10. The company report on February 24, 2021 that Overstock Announces Fourth Quarter and Full Year 2020 Financial Results.
Fourth quarter net revenue growth of 84% year over year to $684 million.
Full year 2020 net revenue growth of 75% year over year to $2.5 billion, and a record $3.2 billion in Retail gross sales.
The stocks have a year to date performance of 52.03 percent and weekly performance of -28.86 percent. The stock has been moved at -37.26 percent over the last six months. The stock has performed 8.20 percent around the most recent 30 days and changed 17.91 percent over the most recent 3-months.
If compared to the average trading volume of 3.34M shares, OSTK reached to a volume of 7940372 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Overstock.com Inc. [OSTK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OSTK shares is $102.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OSTK stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wedbush have made an estimate for Overstock.com Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 16, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on September 16, 2020, representing the official price target for Overstock.com Inc. stock. Previously, the target price had yet another raise to $96, while Needham analysts kept a Buy rating on OSTK stock.
The Average True Range (ATR) for Overstock.com Inc. is set at 9.62, with the Price to Sales ratio for OSTK stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 8.48, with the Price to Cash per share for the same quarter was set at 12.92. Price to Free Cash Flow for OSTK in the course of the last twelve months was 17.87 with Quick ratio for the last quarter at 1.70.
OSTK stock trade performance evaluation
Overstock.com Inc. [OSTK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -28.86. With this latest performance, OSTK shares gained by 8.20% in over the last four-week period, additionally sinking by -37.26% over the last 6 months – not to mention a rise of 830.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OSTK stock in for the last two-week period is set at 39.73, with the RSI for the last a single of trading hit 30.40, and the three-weeks RSI is set at 44.79 for Overstock.com Inc. [OSTK]. The present Moving Average for the last 50 days of trading for this stock 72.73, while it was recorded at 90.88 for the last single week of trading, and 62.76 for the last 200 days.
Overstock.com Inc. [OSTK]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Overstock.com Inc. [OSTK] shares currently have an operating margin of -8.57 and a Gross Margin at +18.10. Overstock.com Inc.’s Net Margin is presently recorded at -8.23.
Return on Total Capital for OSTK is now -59.56, given the latest momentum, and Return on Invested Capital for the company is -88.54. Return on Equity for this stock declined to -97.38, with Return on Assets sitting at -27.35. When it comes to the capital structure of this company, Overstock.com Inc. [OSTK] has a Total Debt to Total Equity ratio set at 24.47. Additionally, OSTK Total Debt to Total Capital is recorded at 19.66, with Total Debt to Total Assets ending up at 6.74. Long-Term Debt to Equity for the company is recorded at 18.73, with the Long-Term Debt to Total Capital now at 15.05.
Reflecting on the efficiency of the workforce at the company, Overstock.com Inc. [OSTK] managed to generate an average of -$74,505 per employee. Receivables Turnover for the company is 45.77 with a Total Asset Turnover recorded at a value of 3.32.Overstock.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Earnings per share (EPS) analysis for Overstock.com Inc. [OSTK] stock
With the latest financial reports released by the company, Overstock.com Inc. posted -0.41/share EPS, while the average EPS was predicted by analysts to be reported at -0.63/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 34.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OSTK.
Overstock.com Inc. [OSTK]: Insider Ownership positions
There are presently around $2,009 million, or 67.30% of OSTK stock, in the hands of institutional investors. The top three institutional holders of OSTK stocks are: MORGAN STANLEY with ownership of 4,313,180, which is approximately -14.06% of the company’s market cap and around 0.80% of the total institutional ownership; BLACKROCK INC., holding 3,548,786 shares of the stock with an approximate value of $258.81 million in OSTK stocks shares; and ALLIANZ ASSET MANAGEMENT GMBH, currently with $233.64 million in OSTK stock with ownership of nearly 22.004% of the company’s market capitalization.
Positions in Overstock.com Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 134 institutional holders increased their position in Overstock.com Inc. [NASDAQ:OSTK] by around 4,498,635 shares. Additionally, 87 investors decreased positions by around 5,111,993 shares, while 17 investors held positions by with 17,942,400 shares. The mentioned changes placed institutional holdings at 27,553,028 shares, according to the latest SEC report filing. OSTK stock had 53 new institutional investments in for a total of 849,448 shares, while 29 institutional investors sold positions of 600,898 shares during the same period.