Overstock stock forecast recent Overstock stock forecast updates

Recent Overstock stock forecast updates point to a 5-day moving average crossing above the 20-day, often seen as a bullish short-term signal. Market watchers expect upcoming earnings to drive price swings, especially if gross margins improve beyond the current 21%. “We are in the early stages of capitalizing on our recent acquisition,” Johnson said. “Since launching the new Bed Bath & Beyond in the U.S. on August 1, we have been successful in acquiring new customers and reactivating past customers. Total active customers grew sequentially after over two years. … As I’ve said from the onset, growing the customer file is our primary measure of success. Orders have returned to positive year-over-year growth for the first time in over two years. This acquisition has positioned us for growth over the long term.” The company expects to have reduced fixed expense base by an annualized $65 million heading into 2025. Overstock stock forecast reflects tech-sector headwinds but notes resilience given the company’s diversified revenue streams. The beta remains above 2.0, making it more volatile than the S&P 500, favoring short-term traders with defined stop-loss strategies.