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Saturday, June 3, 2023

The Question Is Whether To Buy Or Not To Buy Overstock.com Inc. (NASDAQ: OSTK)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Overstock.com Inc. (OSTK) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $20.36. The Overstock.com Inc. has recorded 16,119 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Overstock Announces First Quarter 2023 Financial Results.

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Stocks Info

Overstock.com Inc. is listed on the NASDAQ as a member of the Consumer Cyclical sector and is a part of the Internet Retail industry. At the end of the last regular session, the stock closed at $20.36 and fluctuated between $21.04 as its day high and $20.12 as its day low. The current market capitalization of Overstock.com Inc. is $909.68M. A total of 1.48 million shares were traded on the day, compared to an average of 1.57M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, OSTK has seen 23 BUY and 17 SELL insider trades, representing the acquisition of 89,005 and the disposition of 35,273 shares. Over the last 12 months, there were 45 BUYs and 33 SELLs from insiders. Insiders purchased 164,649 shares during that period but sold 65,628.

In the most recent transaction, Nickle Eric Glen sold 2,000 shares of OSTK for 17.19 per share on Mar 13. After the transaction, the CHIEF LEGAL OFFICER now owns 15,434 company shares. In a previous transaction on Feb 21, Corbus Barclay F sold 2,334 shares at 21.15 per share. OSTK shares that Director owns now total 50,273.

Among the insiders who sold shares, Corbus Barclay F disposed of 700 shares on Feb 06 at a per-share price of $23.24. This resulted in the Director holding 49,273 shares of OSTK after the transaction. In another insider transaction, Messing Barbara sold 450 shares at $23.24 per share on Feb 06. Company shares held by the Director now total 4,912.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. OSTK’s most recent ex-dividend date was 11/27/2020 when it declared a $0.16 quarterly dividend that was paid in cash on 12/16/2020.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for OSTK in the last 3 months, the mean price target is $32.92 with high estimates of $92.00 and low estimates of $19.00. In terms of 52-week highs and lows, OSTK has a high of $39.24 and a low of $17.05.

As of this writing, OSTK has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.03 per share and a lower estimate of -$0.1. The company reported an EPS of -$0.04 in the last quarter, which was -300.00% lower than expectations of $0.02.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. OSTK’s latest balance sheet shows that the firm has $503.34M in Cash & Short Term Investments as of fiscal 2021. There were $51.35M in debt and $272.33M in liabilities at the time. Its Book Value Per Share was $14.22, while its Total Shareholder’s Equity was $744.39M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OSTK is Hold with a score of 3.40. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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