Overstock.com stock: buy or sell
Updated on:
Apr 22nd, 2021
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Overstock.com stock brief
- Overstock.com closed on Wednesday at $68.34 after exploding a 2.84% and broke a streak of 5 sessions in red.
- The stock is configuring an uptrend pattern since last January, when it bottomed at $46.75. Up to date, shares made a 46.18% profit since the beginning of this rally
- Wedbush posted a bullish rating for Overstock.com on Tuesday, with a forecast of $95.00
- Overstock.com, Inc. operates as an online retailer in the United States. It operates through Retail, tZERO, and Medici Ventures segments.
Should I buy Overstock.com stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $OSTK stock a buy?
Currently, Overstock.com stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $OSTK in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Overstock.com stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. As when we have to buy shares, determining when is appropiate time to sell is not a random decision, and we must adhere our own trading style. When selling, as well as buying, detailed strategies are very easy to use and are only valid for selling stocks you already own, not for shorting Overstock.com stock
A golden rule is that you should not mantain a trade that leads to losses greater than those expected at the time of purchase. The moment to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Overstock.com stock?
Currently, Overstock.com stock doesn't match any of our preferred sell setups, so if you hold Overstock.com shares and your operation is in profit probably is not time to sell now
Overstock.com ratings
In the last 30 days, 2 brokerage ratings were published for Overstock.com. General sentiment is bullish, with 2 out of 2 publishing optimistic forecasts
| Brokerage firm | Rating |
|---|---|
| Apr 14th, 2021 | |
| Wedbush | Buy |
| Apr 20th, 2021 | |
| Wedbush | Buy |
Overstock.com stock analysis
Overstock.com stock started an uptrend last January, and grew an amazing 46.18%. The price action shows higher peaks and higher lows, and along the way gave some entry points for those who wanted to invest. Latest pullback was in late March, when price bounced at $60.01. Now, the price moves in a consolidation between its last top ($84.31) and its last bottom ($60.01)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Relative strength index
The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 46.81. Overstock.com shares dropped a 34.58% since that level was lost
Overstock.com stock price history
Overstock.com went public priced at an adjusted price1 of $13.69 on May 2002. Since then, OSTK stock surged by 399.20%, with an average of 22.18% per year. An investment of $1,000USD at that time would be valued $4,991.96 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Overstock.com stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations post their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial information by the company, and usually. Again, these forecasts are not direct recommendations for individual traders and must not be trusted blindly.
There are 2 price forecasts issued for Overstock.com that average $95.00. Overstock.com closed at $68.34 on Wednesday, that is a 28.06% than the target price.
| Brokerage firm | Price target |
|---|---|
| Apr 14th, 2021 | |
| Wedbush | $100.00 → $95.00 |
| Apr 20th, 2021 | |
| Wedbush | $100.00 → $95.00 |
Earnings and financials
Overstock.com, Inc. ($OSTK) came out with quarterly earnings of $0.26 per share last February, highly uplifting the Market consensus estimate of $0.04 per share. On the contrary, the company said turnover for this quarter was $684.0 million consistent with analysts' forecasts.
This compares to Earnings of $-0.73 per share a year ago, so posted EPS is an increase of 135.62%. Revenue exploded a 84.43% on an annualized basis in the , from $3.7B to $6.8B last quarter.Overstock.com ($OSTK) will host the quarterly earnings call on Thursday next week. Forecasted for this quarter is $0.05, compared to $0.26 that was reported for Q4.
Overstock.com performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Overstock.com ($OSTK) | -5.30% | 12.30% | -6.40% |
Please read:
The thoughts contained in this post are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the specific positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning motives onlyOverstock.com summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $66.66 |
| Close | $68.34 |
| Day range | $65.16 - $69 |
| Previous close | $66.45 |
| Session gain | 2.84% |
| Average true range | $7.20 |
| 50d mov avg | $75.65 |
| 100d mov avg | $70.23 |
| 200d mov avg | $71.92 |
| Earnings date | April 29th, 2021 |