Overstock.com Inc. [NASDAQ: OSTK] closed the trading session at $93.45 on 06/02/21. The day’s price range saw the stock hit a low of $85.48, while the highest price level was $93.85. The company report on May 28, 2021 that Overstock to Participate in Piper Sandler 41st Annual Consumer Marketplace Conference.
Overstock.com, Inc. (NASDAQ:OSTK), a leading e-commerce home furnishings retailer, announces its participation in the Piper Sandler 41st Annual Consumer Marketplace Conference. Jonathan Johnson, Chief Executive Officer, and Adrianne Lee, Chief Financial Officer, will participate in a fireside chat hosted by Piper Sandler on Friday, June 4 at 12:50 p.m. ET.
“Overstock has undertaken significant, positive change over the past year and a half,” said Johnson. “We look forward to every opportunity to tell our story to the investment community and thank Piper Sandler for helping us do that by inviting and hosting us at this event.”.
The stocks have a year to date performance of 94.81 percent and weekly performance of 19.00 percent. The stock has been moved at 38.46 percent over the last six months. The stock has performed 13.27 percent around the most recent 30 days and changed 45.15 percent over the most recent 3-months.
If compared to the average trading volume of 1.96M shares, OSTK reached to a volume of 2062613 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 $120.00 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 1.60. 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.
Credit Suisse have made an estimate for Overstock.com Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 19, 2021. While these analysts kept the previous recommendation, Wedbush raised their target price to Outperform. The new note on the price target was released on April 14, 2021, representing the official price target for Overstock.com Inc. stock. Previously, the target price had yet another raise to $91, while BofA Securities analysts kept a Buy rating on OSTK stock.
The Average True Range (ATR) for Overstock.com Inc. is set at 6.00, with the Price to Sales ratio for OSTK stock in the period of the last 12 months amounting to 1.47. The Price to Book ratio for the last quarter was 11.01.
OSTK stock trade performance evaluation
Overstock.com Inc. [OSTK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.00. With this latest performance, OSTK shares gained by 13.27% in over the last four-week period, additionally plugging by 38.46% over the last 6 months – not to mention a rise of 330.65% 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 66.06, with the RSI for the last a single of trading hit 70.60, and the three-weeks RSI is set at 62.63 for Overstock.com Inc. [OSTK]. The present Moving Average for the last 50 days of trading for this stock 73.46, while it was recorded at 87.84 for the last single week of trading, and 73.45 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 +2.05 and a Gross Margin at +21.55. Overstock.com Inc.’s Net Margin is presently recorded at +2.05.
Return on Total Capital for OSTK is now 14.64, given the latest momentum, and Return on Invested Capital for the company is 18.27. Return on Equity for this stock inclined to 21.38, with Return on Assets sitting at 8.37. When it comes to the capital structure of this company, Overstock.com Inc. [OSTK] has a Total Debt to Total Equity ratio set at 19.04. Additionally, OSTK Total Debt to Total Capital is recorded at 16.00, with Total Debt to Total Assets ending up at 8.57. Long-Term Debt to Equity for the company is recorded at 16.49, with the Long-Term Debt to Total Capital now at 13.86.
Reflecting on the efficiency of the workforce at the company, Overstock.com Inc. [OSTK] managed to generate an average of $29,850 per employee. Receivables Turnover for the company is 87.98 with a Total Asset Turnover recorded at a value of 4.09.Overstock.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
Earnings per share (EPS) analysis for Overstock.com Inc. [OSTK] stock
With the latest financial reports released by the company, Overstock.com Inc. posted 0.9/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1,225.00%. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Overstock.com Inc. go to 39.40%.
Overstock.com Inc. [OSTK]: Insider Ownership positions
There are presently around $2,846 million, or 72.20% of OSTK stock, in the hands of institutional investors. The top three institutional holders of OSTK stocks are: MORGAN STANLEY with ownership of 4,578,934, which is approximately 6.161% of the company’s market cap and around 0.90% of the total institutional ownership; INVESCO LTD., holding 3,997,334 shares of the stock with an approximate value of $373.55 million in OSTK stocks shares; and VANGUARD GROUP INC, currently with $366.9 million in OSTK stock with ownership of nearly 27.763% of the company’s market capitalization.
Positions in Overstock.com Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 148 institutional holders increased their position in Overstock.com Inc. [NASDAQ:OSTK] by around 8,782,540 shares. Additionally, 117 investors decreased positions by around 5,912,562 shares, while 19 investors held positions by with 15,756,494 shares. The mentioned changes placed institutional holdings at 30,451,596 shares, according to the latest SEC report filing. OSTK stock had 74 new institutional investments in for a total of 2,315,476 shares, while 44 institutional investors sold positions of 1,061,342 shares during the same period.