Overstock.com, Inc. (NASDAQ:OSTK) is making a bold transformation into a blockchain company, but its plans hit a snag last year. Efforts to sell the retail business have recently heated up, CEO Patrick Byrne told CNN Business.
A sale of the retail business, which is rapidly returning to profitability, would leave the e-commerce pioneer as a blockchain-focused company — and with a new name.
“Two very attractive acquirers that I would have put high up on my list have shown up,” the Overstock (OSTBP) CEO said on Thursday from the sidelines of the Fortune Brainstorm Finance conference in Montauk, New York. “People have seen that our earnings have turned.”
Shortly after CNN Business published this article, shares in Overstock jumped 13%.
Overstock predicted in May that the company will make $15 million in 2019 in adjusted earnings before interest, depreciation, taxes and amortization, or EBITDA. Byrne said he now believes that figure will be $20 million.
Technical Stock Analysis
Overstock.com, Inc. (NASDAQ:OSTK), a Services sector firm, traded 12.39 Million shares in last trading session and stock surged 15.47% with closing price of $11.57 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and Overstock.com, Inc. (NASDAQ:OSTK)’s gross margin stands at 19.10%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a Overstock.com, Inc. (NASDAQ:OSTK)’s profitability or to compare the efficiency of different investments, hence, OSTK return on investment (ROI) is -161.50%.
52-Week Range
52-Week Range are valuable stats for watching Overstock.com, Inc. (NASDAQ:OSTK)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. Overstock.com, Inc. (NASDAQ:OSTK)’s stock value has moved between $8.97 – 48.21 in last one year.
Analyst’s Views
Analysts mean target price for Overstock.com, Inc. (NASDAQ:OSTK) is $48.00 while analysts mean recommendation is 1.50.
Stock Performance
Its weekly performance is 22.05% while year to date (YTD) performance is -14.80%.
EPS Growth
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. Overstock.com, Inc. (NASDAQ:OSTK)’s EPS growth this year is -109.20%. For best decision making investors should look at Overstock.com, Inc. (NASDAQ:OSTK)’s EPS growth for next year stands at 75.20%.
