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Tuesday, September 26, 2023

What Are The Chances Of Overstock.com Inc. (NASDAQ: OSTK) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Overstock.com Inc. (OSTK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.08, or 0.38%, to $21.05. The Overstock.com Inc. has recorded 38,475 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that The New Bed Bath & Beyond Announces Upcoming Conference Schedule.

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Stocks Info

As a NASDAQ listed company, OSTK falls under the Consumer Cyclical sector while operating within the Internet Retail industry segment. The current market capitalization of Overstock.com Inc. is $933.37M. A total of 1.43 million shares were traded on the day, compared to an average of 2.94M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OSTK has seen 5 BUY and 3 SELL insider trades, representing the acquisition of 6,534 and the disposition of 3,458 shares. Over the last 12 months, there were 46 BUYs and 34 SELLs from insiders. Insiders purchased 173,867 shares during that period but sold 70,368.

In the most recent transaction, Nettles William Benjamin JR bought 2,052 shares of OSTK for 24.68 per share on Aug 22. After the transaction, the Director now owns 10,385 company shares. In a previous transaction on Aug 07, Messing Barbara sold 592 shares at 33.43 per share. OSTK shares that Director owns now total 5,635.

Among the insiders who sold shares, Weight Joel disposed of 2,500 shares on Aug 02 at a per-share price of $36.25. This resulted in the CHIEF TECHNOLOGY OFFICER holding 12,373 shares of OSTK after the transaction. In another insider transaction, Nickle Eric Glen sold 2,000 shares at $17.19 per share on Mar 13. Company shares held by the CHIEF LEGAL OFFICER now total 15,434.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OSTK in the last 3 months, the mean price target is $38.17 with high estimates of $85.00 and low estimates of $19.00. In terms of 52-week highs and lows, OSTK has a high of $39.27 and a low of $17.05.

As of this writing, OSTK has an earnings estimate of -$0.68 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.21 per share and a lower estimate of -$0.99. The company reported an EPS of -$0.1 in the last quarter, which was 33.30% higher than expectations of -$0.15.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $12.68, while its Total Shareholder’s Equity was $744.39M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.40.

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