Big Lots Inc (NYSE:BIG) does about 1.50M shares in volume on a normal day but saw 1447969 shares change hands in Monday’s trading. The company now has a market cap of 127.69M USD. Its current market price is $4.37, marking an increase of 0.92% compared to the previous close of $4.33. The 52 week high reached by this stock is $12.27 whilst the lowest price level in 52 weeks is $3.47.
Big Lots Inc (BIG) has a 20-day trading average at $4.21 and the current price is -64.38% off the 52-week high compared with 25.94% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.85 and its 200-day simple moving average is $6.15. If we look at the stock’s price movements over the week, volatility stands at 7.94%, which increases to 9.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 50.33 to suggest the stock is neutral.
The consensus objective for the share price is $4.00, suggesting that the stock has a potential downside of -9.25% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 12, 2024 when Loop Capital downgraded the stock to “Sell” and issued a price target of between $6 and $1. Telsey Advisory Group reiterated its price target at $8.50-$5.50.
Big Lots Inc (BIG) stock is up 15.92% over the week and -19.37% over the past month. Its price is -43.90% year-to-date and -57.61% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/30/2024, with the company’s earnings per share (EPS) of -$0.28 below consensus estimates by -$0.05. BIG’s earnings per share are forecast to grow by 12.00% this year and 33.20% over next year. Expected sales for next quarter are $1.08 billion, which analysts say will come at $4.48 billion for the current fiscal year and next year at $4.49 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.04 billion.
To reach the target analysts have set, the stock logically needs to shrink -9.25 percent from here.
Outstanding shares total 28.96M with insiders holding 6.67% of the shares and institutional holders owning 80.37% of the company’s common stock. The company has a return on investment of -20.88% and return on equity of -91.93%. The beta has a value of 2.33. Price to book ratio is 0.41 and price to sales ratio is 0.03.
