Here is the forecast for Overstock.com (OSTK)
What’s up with Overstock.com?
Overstock.com (OSTK) opened at $14.49, which means the stock is up 15.00% from yesterday’s closing price of 14.10. Today, the company has a high of $16.40 and a low of $13.59. The company has a market cap of $655.29 million with a 52-week high of $29.75 and a 52-week low of $2.53.
What about the future for Overstock.com?
The high forecast for Overstock.com is 33.00 while the low is 20.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Overstock.com has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information OSTK seems to be a safe buy.
Overstock.com, Inc. operates online shopping commercial site. It also sells these products through http://www.overstock.com, http://www.o.com, and http://www.o.biz. It operates through the following business segments: Retail, tZERO, and MVI. The Retail Segment engages in e-commerce sales through its website. The tZERO Segment focuses on securities transaction through its broker-dealers. The MVI segment consists of the Medici business. The company was founded by Patrick Michael Byrne on May 5, 1997 and is headquartered in Salt Lake City, UT.