For its third fiscal quarter (ending September 30), OVERSTOCK COM INC (NYSE: BYON) has reported a -4% decline in E.P.S. from $-1.39 a year ago to $-1.33 in the current quarter. For the latest four quarters through September 30, E.P.S. were $-7.43 versus $-3.59 for the same period a year ago — an increase of 107%.
Recent Price Action
OVERSTOCK COM INC (NYSE: BYON) stock closed at $6.69 on 10/24/24 after a major decline of -29.7%. Moreover, trading volume in this decline was exceptionally high at 646% of normal. The stock has declined -35.0% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OSTK is expected to continue to be Value Creation neutral.
OVERSTOCK COM INC has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. OVERSTOCK COM INC has a slightly negative Appreciation Score of 32 and a very low Power Rating of 11, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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