Taking a Fresh Look at Overstock.com, Inc. (OSTK)

Overstock.com, Inc. (OSTK) is an interesting player in the Services space, with a focus on Catalog & Mail Order Houses. The stock has been active on the tape, currently trading at $55.65, down from yesterday’s close by -5.03%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Overstock.com, Inc. (OSTK) currently trades with a market capitalization of $1.28 Billion. That value represents a market adjusting for revenues that have been falling by -3.98 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of -$41.22 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of -$0.03 on a per share basis this quarter. Perhaps, that suggests something about why 6.78% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how OSTK has been acting. Looking at the stock’s movement on the chart, Overstock.com, Inc. recorded a 52-week high of $89.80. It is now trading 34.15% off that level. The stock is trading $65.77 its 50-day moving average by 10.12%. The stock carved out a 52-week low down at $13.75.

In recent action, Overstock.com, Inc. (OSTK) has made a move of -29.51% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 12.51, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 32.51% with $16.27 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of OSTK.

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