OVERSTOCK.COM, INC.

OSTK
Real-time Estimate Quote. Real-time Estimate  - 04/20 09:57:18 am
66.66USD -2.13%

Overstock.com, Inc. : There is still some upside potential

04/08/2021 | 03:01am
Nicolas Aleksy
Contributor / Partner

Strategy published on : 04/08/2021 | 03:01

long trade
Live

Entry price : 63.09$
Target : 107.73$
Stop-loss : 51.3$
Potential : 70.76%

Shares in Overstock.com, Inc. show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 107.73.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at USD 46.87 USD in weekly data.

● Graphically speaking, the timing seems perfect for purchasing the stock close to the USD 47.97 support.

● The stock, which is currently worth 2021 to 0.91 times its sales, is clearly overvalued in comparison with peers.

● Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.

● For the past twelve months, EPS forecast has been revised upwards.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 46.87 USD


Weaknesses

● The company does not generate enough profits, which is an alarming weak point.

● The company's earnings releases usually do not meet expectations.

● The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 44.28 times its estimated earnings per share for the ongoing year.

● The company is not the most generous with respect to shareholders' compensation.

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