Overstock.com OSTK shares are trading lower on Monday, selling off from recent strength. The slowdown in the number of U.S. coronavirus cases and treatment optimism are also a potential negative catalyst for e-commerce names. New Traders Swear By Benzinga Options
Why has Overstock dropped?
Overstock Stock Falls on Earnings Miss and Customer Departures. Shares of Overstock.com dropped more than 8% in premarket on Thursday after the online shopping site missed Wall Street expectations for the first quarter.
Will Overstock stock go back up?
Overstock.com Inc (NASDAQ:OSTK) The 5 analysts offering 12-month price forecasts for Overstock.com Inc have a median target of 66.00, with a high estimate of 145.00 and a low estimate of 35.00. The median estimate represents a +110.53% increase from the last price of 31.35.
Is Overstock a good stock to buy now?
Overstock's analyst rating consensus is a 'Moderate Buy. This is based on the ratings of 6 Wall Streets Analysts. When is Overstock's upcoming earnings report date? Overstock's upcoming earnings report date is Aug 03, 2022 which is in 79 days.
Is Overstock overvalued?
What it all boils down to is a company that is fully valued at a share price of $102. OSTK share price is technically overvalued when trading above that level.
Should I buy OSTK stock?
The financial health and growth prospects of OSTK, demonstrate its potential to perform inline with the market. It currently has a Growth Score of D. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Is Overstock undervalued?
The historical average of roughly 15 shows a good value for OSTK stock as investors are paying lower share prices relative to the company's earnings. OSTK's low trailing PE ratio shows that the firm has been trading below its fair market value recently.
What was overstocks short interest?
Overstock.com currently has a short interest ratio of 3.0.
What happened
Shares of Overstock.com (NASDAQ: OSTK) fell as much as 12.8% lower on Monday. As of 3 p.m. EDT, the stock had stabilized at a slightly milder 12.5% decline. Several lesser-known cryptocurrencies saw their values dipping roughly 10% lower today, undermining the online retailer's blockchain-based business ambitions.
So what
At first blush, you could argue that Overstock's shares should be rising today. This morning, the company announced a shipping partnership with postage-printing specialist Stamps.com (NASDAQ: STMP), adding an innovative boost to Overstock's e-commerce operations.
Now what
Digital coin names like Dash, NEO, TRON, and OITA have been trading roughly 10% lower all day. The crypto markets have been choppy and weak all year long, often dragging Overstock down alongside flagging digital coin values.
The e-commerce veteran posted some good news of its own, but share prices plunged anyway because of weakness in the cryptocurrency market
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
What happened
Shares of Overstock.com ( NASDAQ:OSTK) fell as much as 12.8% lower on Monday. As of 3 p.m. EDT, the stock had stabilized at a slightly milder 12.5% decline. Several lesser-known cryptocurrencies saw their values dipping roughly 10% lower today, undermining the online retailer's blockchain-based business ambitions.
So what
At first blush, you could argue that Overstock's shares should be rising today. This morning, the company announced a shipping partnership with postage-printing specialist Stamps.com ( NASDAQ:STMP), adding an innovative boost to Overstock's e-commerce operations.
Now what
Digital coin names like Dash, NEO, TRON, and OITA have been trading roughly 10% lower all day. The crypto markets have been choppy and weak all year long, often dragging Overstock down alongside flagging digital coin values.
What happened
Shares of e-commerce and blockchain company Overstock.com ( NASDAQ:OSTK) were hit hard on Monday, falling about 15% as of 12:50 p.m. EDT.
So what
"Overstock's Chief Financial Officer Greg Iverson has resigned, effective September 17, 2019," said Overstock in a Sept. 23 press release. The company gave no explanation for Iverson's departure.
Who is the CEO of Overstock?
Overstock named Jonathan Johnson as its new CEO about a year ago. Overstock's former CEO, Patrick Byrne, stepped down following a controversial comment. Currently, Piper Sandler has the highest target price on Overstock stock among the Wall Street firms covering the company.
Is Overstock a blockchain company?
Besides Overstock's flagship e-commerce business, the company also has its foot in the blockchain business. Overstock said that its blockchain businesses are working on solutions to the problems arising amid the COVID-19 pandemic.
Is Overstock a company?
Overstock is an e-commerce company. According to Piper Sandler, the COVID-19 pandemic has generated a business boom for Overstock and has improved its revenue and profitability outlook. Overstock’s focus on online home furnishing sales is particularly exciting.