Overstock.com Inc. (OSTK) Stocks Experience Steady decrease to Close at $19.87


Overstock.com Inc. (NASDAQ: OSTK) closed the day trading at $19.87 down -5.25% from the previous closing price of $20.97. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 1826530 shares were traded. OSTK stock price reached its highest trading level at $21.00 during the session, while it also had its lowest trading level at $19.78.

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For a better understanding of OSTK, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.90 and its Current Ratio is at 2.00. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.06.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on April 21, 2023, Downgraded its rating to Neutral and sets its target price to $19 from $29 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 22 when Nettles William Benjamin JR bought 2,052 shares for $24.68 per share. The transaction valued at 50,644 led to the insider holds 10,385 shares of the business.

Messing Barbara sold 592 shares of OSTK for $19,791 on Aug 07. The Director now owns 5,635 shares after completing the transaction at $33.43 per share. On Aug 02, another insider, Weight Joel, who serves as the CHIEF TECHNOLOGY OFFICER of the company, sold 2,500 shares for $36.25 each. As a result, the insider received 90,625 and left with 12,373 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OSTK now has a Market Capitalization of 898.19M and an Enterprise Value of 594.94M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.57 while its Price-to-Book (P/B) ratio in mrq is 1.57. Its current Enterprise Value per Revenue stands at 0.36 whereas that against EBITDA is 64.28.

Stock Price History:

Over the past 52 weeks, OSTK has reached a high of $39.27, while it has fallen to a 52-week low of $17.05. The 50-Day Moving Average of the stock is 28.69, while the 200-Day Moving Average is calculated to be 22.83.

Shares Statistics:

Over the past 3-months, OSTK traded about 2.92M shares per day on average, while over the past 10 days, OSTK traded about 3.6M shares per day. A total of 45.20M shares are outstanding, with a floating share count of 44.63M. Insiders hold about 0.50% of the company’s shares, while institutions hold 63.70% stake in the company. Shares short for OSTK as of Aug 30, 2023 were 5.68M with a Short Ratio of 5.68M, compared to 5.16M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 12.56% and a Short% of Float of 14.18%.

Earnings Estimates

Current recommendations for the stock of the company come from 7 analysts. On average, analysts expect EPS of -$0.68 for the current quarter, with a high estimate of -$0.21 and a low estimate of -$0.99, while EPS last year was $0.13. The consensus estimate for the next quarter is -$0.69, with high estimates of -$0.21 and low estimates of -$1.15.

Analysts are recommending an EPS of between -$0.54 and -$2.2 for the fiscal current year, implying an average EPS of -$1.34. EPS for the following year is -$1.16, with 8 analysts recommending between -$0.29 and -$2.73.

Revenue Estimates

8 analysts predict $397.28M in revenue for the current quarter. It ranges from a high estimate of $408.2M to a low estimate of $391.2M. As of the current estimate, Overstock.com Inc.’s year-ago sales were $472.87M, an estimated decrease of -16.00% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $390.45M, a decrease of -3.60% over than the figure of -$16.00% in the same quarter last year. There is a high estimate of $404.9M for the next quarter, whereas the lowest estimate is $364.41M.

A total of 9 analysts have provided revenue estimates for OSTK’s current fiscal year. The highest revenue estimate was $1.61B, while the lowest revenue estimate was $1.56B, resulting in an average revenue estimate of $1.59B. In the same quarter a year ago, actual revenue was $1.93B, down -17.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $1.73B in the next fiscal year. The high estimate is $1.91B and the low estimate is $1.48B. The average revenue growth estimate for next year is up 8.50% from the average revenue estimate for this year.


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