Why overstock stock is up

Why overstock stock is up DEFAULT

Why Overstock.com Shares Rallied Nearly 17% Today

What happened

Shares of online retailer Overstock.com(NASDAQ:OSTK) rose nearly 17% at one point in morning trading on Feb. 3. Although the stock had pulled back a little by 1 p.m. EST, it was still up about 13%. As has been the case lately, the move higher wasn't related to Overstock.com's retail business, but its Medici Ventures operation. 

So what

Medici Ventures is a subsidiary that has material investments in blockchain businesses. The big news last week was that Overstock.com plans to create a partnership with Pelion Venture Partners, leaving Pelion to run the business. The completion of that deal, however, is likely months away. But that hasn't stopped Medici Ventures from continuing to expand its presence in the blockchain space.   

Rising green stock chart

Image source: Getty Images.

Specifically, the online retailer announced that Medici Ventures' tZero group has agreed to integrate technology with Vertalo, a digital transfer agent. Without getting too deep into the weeds, it appears that the deal increases the reach of both companies. And since anything blockchain gets investors excited these days, it isn't surprising that Overstock.com's shares were bid higher on the news.   

Now what

Overstock.com's main business is selling things on the internet, a fact that it made pretty clear when it agreed to have Pelion manage the Medici business. That said, Medici is still part of Overstock.com, so you can't really separate the two. That makes Overstock.com something of a blockchain play. However, with shares up nearly 1,000% over the past year, a lot of good news is already priced in here. Investors should probably tread with caution.  

Sours: https://www.fool.com/investing/2021/02/03/why-overstockcom-shares-rallied-nearly-17-today/

Why Overstock.com Tanked 11.5% at the Open Today

The online retailer got hit as it reported increased revenues and earnings. Here's the trend you really need to watch.

What happened

Shares of online retailerOverstock.com(NASDAQ:OSTK) dropped a quick 11.5% on Feb. 24. The big news was earnings, which were actually higher year over year. But the real story may be higher up on the income statement.

So what

At first blush, Overstock.com knocked it out of the park in the final quarter of 2020. Revenues were up 84% year over year. Earnings rose to $0.26 per share, a vast improvement over the loss of $0.73 per share in the final stanza of 2019. The company beat analyst expectations on both the top and bottom lines as well, though those figures include data from only three analysts. Still, it is hard to complain too much about the company's results.  

A family on a roller coaster with their arms in the air.

Image source: Getty Images.

That is, until you look at the revenue trend. In the second quarter, after the coronavirus had started to spread more widely and online shopping increased accordingly, Overstock.com had a year-over-year revenue increase of 109%. In the third quarter the figure was 111%. So the fourth quarter's 84% increase is actually a material sequential quarterly decline in the revenue growth rate. It is quite possible that the boost from the coronavirus is nearing an end. In fact, the company's comments about its 2021 goals started with the word sustainable, which is an interesting, perhaps less-than-confidence-inspiring, choice given the drop in the revenue growth rate between the third and fourth quarters of 2020.   

Now what

Overstock.com's shares rose 580% in 2020, but were higher by more than 1,500% at one point during the year, an astounding figure. Including today's decline, the stock is up around 65% so far in 2021, but was higher by as much as 120% at one point. There is a great deal of good news priced into the stock, which suggests investors are expecting perfection. That's going to be hard to live up to if the shift toward online shopping abates as the world learns to deal with the coronavirus. And the wild ups and downs in the share price suggest investor support here is...mercurial at best. Caution is probably in order here for more aggressive long-term investors. Conservative types, meanwhile, would probably be better off watching this roller-coaster ride from the sidelines.   

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.


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Overstock.com Inc

About Overstock.com Inc

Overstock.com Inc. is an online retailer and technology company. The Company is an e-commerce retailer offering customers a range of brands for the home at low prices, including furniture, home decor, area rugs, bedding and bath, home improvement, outdoor, and kitchen and dining items, among others. It sells products and services through its Internet websites. The Company's Medici business initiatives include its subsidiary, Medici Ventures, Inc. (Medici Ventures), which conducts business through its subsidiary tZERO Group, Inc. (tZERO), a financial technology company. Its Medici business initiatives is focused on creating a set of products and solutions that leverage blockchain technology to rise security and control in areas including identity management, property rights and management, central banking and currencies, capital markets, supply chains and commerce, and voting systems.

Industry

Retail (Catalog & Mail Order)

Executive Leadership

Allison H. Abraham

Independent Chairwoman of the Board

David J. Nielsen

President

Jonathan E. Johnson

Chief Executive Officer, Director, President of Medici Ventures

Adrianne B. Lee

Chief Financial Officer

Ronald Hilton

Chief Sourcing and Operations Officer

Key Stats

1.67 mean rating - 6 analysts

Revenue (MM, USD)
EPS (USD)

Price To Earnings (TTM)

26.95

Price To Sales (TTM)

1.21

Price To Book (MRQ)

5.15

Price To Cash Flow (TTM)

21.17

Total Debt To Equity (MRQ)

6.36

LT Debt To Equity (MRQ)

5.87

Return on Investment (TTM)

29.83

Return on Equity (TTM)

16.00
Sours: https://www.reuters.com/companies/OSTK.O
Overstock Stock (OSTK): Is it Worth Investing in Now? - Blockchain Stocks 2021

Score

70

Current Price

80.94 USD

Overstock.com Inc Stock Predictions

Overstock.com Inc (OSTK) is a Buy

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Overstock.com Inc Stock Forecast

  • Over the next 52 weeks, Overstock.com Inc has on average historically risen by 56.8% based on the past 19 years of stock performance.
  • Overstock.com Inc has risen higher in 9 of those 19 years over the subsequent 52 week period, corresponding to a historical accuracy of 47.37%
  • Is Overstock.com Inc Stock Undervalued?
    The current Overstock.com Inc [OSTK] share price is $80.94. The Score for OSTK is 70, which is 40% above its historic median score of 50, and infers lower risk than normal.
  • OSTK is currently trading in the 60-70% percentile range relative to its historical Stock Score levels.

Will Overstock.com Inc Stock Go Up Next Year?

Over the next 52 weeks, Overstock.com Inc has on average historically risen by 56.8% based on the past 19 years of stock performance.

Is Overstock.com Inc Stock Overpriced?

Is Overstock.com Inc stock overvalued?

Overstock.com Inc stock is rated a Buy

  • Overstock.com Inc has risen higher in 9 of those 19 years over the subsequent 52 week period, corresponding to a historical accuracy of 47.37%
  • Based on the share price being above its 5, 20 & 50 day exponential moving averages, the current trend is considered strongly bullish and OSTK is experiencing buying pressure, which is a positive indicator for future bullish movement.

Stock Info

  • Exchange: NASDAQ
  • Country Name: United States
  • Industry: Internet Retail
  • Sector: Consumer Cyclical
  • Type: STOCK
  • Website:overstock.com

52 Week Data

  • 52 Week High: 112.29520
  • 52 Week Low: 46.75000

Prediction Charts

  • Market Cap: 3.5B
  • Price: USD 80.94
  • Share Volume: 669.1K
  • Beta: 2.49

Technical Analysis

  • 50 Day Mov. Avg.: 74.36
  • 100-Day Mov. Avg.: 79.37
  • 200 Day Mov. Avg.: 77.40
  • 52 Week Change: 13.36%

Stock Predictions

  • Is Overstock.com Inc stock public?
    Yes, Overstock.com Inc is a publicly traded company.
  • What is the Overstock.com Inc stock quote today?
    The Overstock.com Inc stock price is 80.94 USD today.
  • How to buy Overstock.com Inc stock online?

14 Day Historical Data

DateOpeningClosingMinimumMaximum
DateOpenCloseMinMax
Oct-574.0774.5776.7574.03
Oct-67474.3375.2773.23
Oct-775.3376.4177.3874.96
Oct-876.7178.2878.4976.09
Oct-1178.2775.8778.9475.75
Oct-1276.776.9277.9975.42
Oct-1376.7973.8177.172.99
Oct-1473.7176.476.471.53
Oct-1577.7977.6780.2676.95
Oct-1877.2680.1880.8776.85
Oct-1980.9380.8582.2679.26
Oct-208182.7682.8679.9
Oct-2183.0680.9683.5480.65
Oct-2280.380.9481.2278.17
Sours: https://financhill.com/stock-forecast/ostk-stock-prediction

Overstock up is why stock

Overstock.com Inc (NASDAQ:OSTK)

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Sours: https://money.cnn.com/quote/forecast/forecast.html?symb=OSTK
Overstock Stock Analysis

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