BID stock: buy or sell?

BID stock price: $56.99 -0.02% At close on October 2nd, 2019

Updated on:
October 2nd, 2019

2

Sotheby's shares remained steady -0.02% to $56.99 on October.

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, China, France, Switzerland, and internationally.

Should I buy BID stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Sotheby's stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean BID will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Sotheby's stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we collected 4 ratings published for BID stock in the last 30 days.

Is BID a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-8Evercore ISIn/aHold
2019-6-19Berenberg Bankn/aHold
2019-3-4Berenberg Bankn/aHold
2019-2-13Berenberg Bankn/aHold

BID stock analysis

Daily outlook

Sotheby's shares remained steady -0.02% to $56.99 on October.

Sotheby's shares remained stable -0.02% to $56.99 on October. Since SMA100d and SMA200d crossed up on July, BID price slid a -2.21%. Since last June when BID stock price broke up the SMA200d line, it gained $21.60 (61.03%).

BID stock chart (daily)

Weekly outlook

Sotheby's ended this week at $56.99 and remained steady a neutral -0.02%.

Price pattern shows an uptrend with two rising tops and bottoms, and now trading upwards to the $59.94 resistance. Since SMA20w and SMA40w crossed up late June, BID price slid a -3.28%. Since price and SMA40w lines crossed up by mid June, BID climbed $21.60 (61.03%).

BID stock chart (weekly)

BID stock price history

BID stock went public on May 13th, 1988 with a price of $5.241. Since then, BID stock grew a 987.60%, with a yearly average of 31.90%. If you had invested right after BID's IPO a $1,000 in BID stock in 1988, it would worth $9,876.00 today.

1: Adjusted price after possible price splits or reverse-splits.

BID stock historical price chart

BID stock reached 52-week highs on July at $59.94, and all-time highs 2018-06-11 with a price of 60.16.

BID stock price target is $51.00

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 3 price predictions for BID stock:
BID stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-8Evercore ISIReiteratesn/a$57.00-
2019-6-19Berenberg BankReiteratesn/a$57.00-
2019-3-4Berenberg BankReiteratesn/a$39.00-
(in average)$0.00$51.000.0%
The price prediction for Sotheby's stock is $51.00, moving in a range between $57.00 and $39.00. In average, analysts' outlook on BID price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Sotheby's reported its latest financial data, posting an excellent climb for the Earnings per Share (EPS). Experts expected $1.48 per share, but Sotheby's posted $1.74.
BID earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.22n/a
2017-Q2-n/a1.23n/a
2017-Q32017-11-03-0.68-0.45n/a
2017-Q42018-03-011.41.475.0%
2018-Q12018-05-03-0.210.09n/a
2018-Q22018-08-061.551.09-29.7%
2018-Q32018-11-01-0.57-0.41n/a
2018-Q42019-02-281.481.7417.6%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw a bad correction of -2.05% to $1,035.74 million USD. Slightly better, its income margin (compared to revenues) stayed stable to 10.49%, that is $108.63 million.

BID annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$854 M-$130 M15.2%-
2014$938 M9.88%$118 M12.6%-9.35%
2015$961 M2.50%$44 M4.5%-62.88%
2016$805 M-16.24%$74 M9.2%69.49%
2017$1,057 M31.29%$119 M11.2%60.29%
2018$1,036 M-2.05%$109 M10.5%-8.55%

Quarterly financial results

Sotheby's posted $375.15 million in sales for 2018-Q4, a 214.82% up compared to previous quarter. Reported quarter income marked $85.71 M with a profit margin of 22.85%. Profit margin climbed a 46.21% compared to previous quarter when profit margin was -23.36%. When comparing turnover to same quarter last year, Sotheby's sales marked an amazing increase and rocketed a 38.83%.
BID quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$188 M-$-11 M-6.0%-
2017-Q2$315 M67.91%$76 M24.0%-768.31%
2017-Q3$171 M-45.57%$-23 M-13.7%-131.01%
2017-Q4$270 M57.66%$77 M28.4%-426.71%
2018-Q1$196 M-27.54%$-7 M-3.3%-108.50%
2018-Q2$346 M76.53%$57 M16.6%-978.29%
2018-Q3$119 M-65.52%$-28 M-23.4%-148.60%
2018-Q4$375 M214.82%$86 M22.8%-407.90%

Sotheby's ownership

When you are planning to invest in a company, it's always worth to have a look its ownership structure.

Sotheby's shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a of all shares.

For a better context understanding, the following table shows ownership data compared to other related companies:

BID
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

BID summary

Wednesday, October 2nd, 2019
Open$56.98
Close$56.99
Day range$56.98 - $57.00
Previous close$57.00
Session gain-0.02%
Average true range$0.08
50d mov avg$57.79
100d mov avg$52.62
200d mov avg$46.36
Daily pattern
Weekly pattern lb02a

Sotheby's performance

To measure stock performance is always good to compare with competitors or related stocks. For Sotheby's, the benchmark is made against .
Stock3m6m12m
BID-2.58%45.23%26.98%

Sotheby's competitors

Unfortunately, we could not find any public company that could be defined as Sotheby's competitor. This doesn't mean Sotheby's does not have any competitor in the market, it's just we could not detected it.