Overstock.com Inc. (NASDAQ:OSTK)’s traded shares stood at 3.72 million during the last session, with the company’s beta value hitting 3.37. At the close of trading, the stock’s price was $19.41, to imply an increase of 8.50% or $1.52 in intraday trading. The OSTK share’s 52-week high remains $53.34, putting it -174.81% down since that peak but still an impressive 12.16% since price per share fell to its 52-week low of $17.05. The company has a valuation of $875.97M, with an average of 1.43 million shares in intraday trading volume over the past 10 days and average of 1.51 million shares over the past 3 months.
Overstock.com Inc. (NASDAQ:OSTK) trade information
After registering a 8.50% upside in the last session, Overstock.com Inc. (OSTK) has traded red over the past five days. The stock hit a weekly high of 19.50 this Friday, 03/17/23, jumping 8.50% in its intraday price action. The 5-day price performance for the stock is 7.48%, and -16.08% over 30 days. With these gigs, the year-to-date price performance is 0.26%. Short interest in Overstock.com Inc. (NASDAQ:OSTK) saw shorts transact 5.65 million shares and set a 3.79 days time to cover.
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Overstock.com Inc. (OSTK) estimates and forecasts
Looking at statistics comparing Overstock.com Inc. share performance against respective industry, we note that the company has underperformed competitors. Overstock.com Inc. (OSTK) shares are -28.53% down over the last 6 months, with its year-to-date growth rate lower than industry average at -111.54% against 14.90%. Revenue is forecast to shrink -88.90% this quarter before falling -73.90% for the next one. The rating firms project that company’s revenue will shrink -28.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is $448.92 million. Meanwhile, for the quarter ending Mar 2023, a total of 8 analyst(s) estimate revenue growth to $466.41 million.Earnings reports from the last fiscal year show that sales brought in $612.66 million and $536.04 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -26.70% before dropping -13.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 23.90% for the past 5-year period. While 2023 is set for a -123.30% return in earnings, projections for the next 5 years are at 41.30% annually.
OSTK Dividends
Overstock.com Inc. has its next earnings report out between April 26 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Overstock.com Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Overstock.com Inc. (NASDAQ:OSTK)’s Major holders
Overstock.com Inc. insiders hold 1.05% of total outstanding shares, with institutional holders owning 64.28% of the shares at 64.96% float percentage. In total, 64.28% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 4.48 million shares (or 9.80% of shares), all amounting to roughly $109.1 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 4.19 million shares, or about 9.17% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $102.12 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Overstock.com Inc. (OSTK) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.41 million shares. This is just over 3.08% of the total shares, with a market valuation of $34.3 million. Data from the same date shows that the other fund manager holds a little less at 1.16 million, or 2.54% of the shares, all valued at about 28.25 million.
