BID stock: buy or sell?
October 2nd, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
BID stock analysis
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%).
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 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 $51.00How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|2013||$854 M||-||$130 M15.2%||-|
|2014||$938 M||9.88%||$118 M12.6%||-9.35%|
|2015||$961 M||2.50%||$44 M4.5%||-62.88%|
|2016||$805 M||-16.24%||$74 M9.2%||69.49%|
|2017||$1,057 M||31.29%||$119 M11.2%||60.29%|
|2018||$1,036 M||-2.05%||$109 M10.5%||-8.55%|
Quarterly financial resultsSotheby'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%.
|2017-Q1||$188 M||-||$-11 M-6.0%||-|
|2017-Q2||$315 M||67.91%||$76 M24.0%||-768.31%|
|2017-Q3||$171 M||-45.57%||$-23 M-13.7%||-131.01%|
|2017-Q4||$270 M||57.66%||$77 M28.4%||-426.71%|
|2018-Q1||$196 M||-27.54%||$-7 M-3.3%||-108.50%|
|2018-Q2||$346 M||76.53%||$57 M16.6%||-978.29%|
|2018-Q3||$119 M||-65.52%||$-28 M-23.4%||-148.60%|
|2018-Q4||$375 M||214.82%||$86 M22.8%||-407.90%|
Sotheby's ownershipWhen 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:
|Market cap||$0.0 M|
|Total shares||0.0 M|
|Float shares||0.0 M|
|- Institutional holdings (%)||0.0%|
|- Insider holdings (%)||0.0%|
|Shares in short selling||0.0%|
|Wednesday, October 2nd, 2019|
|Day range||$56.98 - $57.00|
|Average true range||$0.08|
|50d mov avg||$57.79|
|100d mov avg||$52.62|
|200d mov avg||$46.36|
Sotheby's performanceTo measure stock performance is always good to compare with competitors or related stocks. For Sotheby's, the benchmark is made against .