Overstock.com Inc. (NASDAQ:OSTK) went down by -4.04% from its latest closing price compared to the recent 1-year high of $112.30. The company’s stock price has collected -0.70% of loss in the last five trading sessions. MarketWatch.com reported on 10/06/21 that As bitcoin surges to highest price since May, here are how crypto-related funds and companies trade
Is It Worth Investing in Overstock.com Inc. (NASDAQ :OSTK) Right Now?
Overstock.com Inc. (NASDAQ:OSTK) scored a price-to-earnings ratio above its average ratio, recording 24.57 x from its present earnings ratio. Plus, the 36-month beta value for OSTK is at 4.27. Opinions of the stock are interesting as 6 analysts out of 6 who provided ratings for Overstock.com Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $121.17, which is $43.59 above the current price. OSTK currently public float of 42.63M and currently shorts hold a 13.61% ratio of that float. Today, the average trading volume of OSTK was 1.30M shares.
OSTK’s Market Performance
OSTK stocks went down by -0.70% for the week, with a monthly jump of 6.37% and a quarterly performance of -14.50%, while its annual performance rate touched -12.19%. The volatility ratio for the week stands at 3.93% while the volatility levels for the past 30 days are set at 4.53% for Overstock.com Inc.. The simple moving average for the period of the last 20 days is -3.48% for OSTK stocks with a simple moving average of -3.30% for the last 200 days.
Analysts’ Opinion of OSTK
Many brokerage firms have already submitted their reports for OSTK stocks, with BofA Securities repeating the rating for OSTK by listing it as a “Buy.” The predicted price for OSTK in the upcoming period, according to BofA Securities is $89 based on the research report published on September 07th of the current year 2021.
Needham, on the other hand, stated in their research note that they expect to see OSTK reach a price target of $150. The rating they have provided for OSTK stocks is “Buy” according to the report published on July 08th, 2021.
Credit Suisse gave a rating of “Outperform” to OSTK, setting the target price at $105 in the report published on May 19th of the current year.
OSTK Trading at 1.42% from the 50-Day Moving Average
After a stumble in the market that brought OSTK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.27% of loss for the given period.
Volatility was left at 4.53%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares surge +5.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.45% upper at present.
During the last 5 trading sessions, OSTK fell by -0.70%, which changed the moving average for the period of 200-days by +43.80% in comparison to the 20-day moving average, which settled at $76.65. In addition, Overstock.com Inc. saw 53.87% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at OSTK starting from Weight Joel, who sale 37 shares at the price of $78.27 back on Oct 11. After this action, Weight Joel now owns 714 shares of Overstock.com Inc., valued at $2,896 using the latest closing price.
Weight Joel, the Chief Technology Officer of Overstock.com Inc., sale 62 shares at $70.15 during a trade that took place back on Sep 10, which means that Weight Joel is holding 751 shares at $4,349 based on the most recent closing price.
Stock Fundamentals for OSTK
Current profitability levels for the company are sitting at:
- +2.05 for the present operating margin
- +21.55 for the gross margin
The net margin for Overstock.com Inc. stands at +2.05. The total capital return value is set at 14.64, while invested capital returns managed to touch 18.27. Equity return is now at value 71.40, with 34.50 for asset returns.
Based on Overstock.com Inc. (OSTK), the company’s capital structure generated 19.04 points at debt to equity in total, while total debt to capital is 16.00. Total debt to assets is 8.57, with long-term debt to equity ratio resting at 16.49. Finally, the long-term debt to capital ratio is 13.86.
When we switch over and look at the enterprise to sales, we see a ratio of 0.63, with the company’s debt to enterprise value settled at 0.04. The receivables turnover for the company is 87.98 and the total asset turnover is 4.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.