How Worried Should Investors Be About Big Lots Inc (BIG)

Big Lots Inc (NYSE:BIG) does about 1.69M shares in volume on a normal day but saw 2659694 shares change hands in Monday trading. The company now has a market cap of 41.26M USD. Its current market price is $1.39, marking a decrease of -4.14% compared to the previous close of $1.45. The 52 week high reached by this stock is $11.06 whilst the lowest price level in 52 weeks is $1.41.

Big Lots Inc (BIG) has a 20-day trading average at $1.9260 and the current price is -87.43% off the 52-week high compared with -1.42% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.8986 and its 200-day simple moving average is $4.4867. If we look at the stock’s price movements over the week, volatility stands at 14.47%, which decreases to 11.24% 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 23.19 to suggest the stock is oversold.

The consensus objective for the share price is $2.38, suggesting that the stock has a potential upside of 41.6% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 07, 2024 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $5 and $2.50. Loop Capital downgraded the stock to “Sell” from Hold on February 12, 2024 at a price target of $6-$1. Telsey Advisory Group reiterated its price target at $6-$7.

Big Lots Inc (BIG) stock is down -19.65% over the week and -60.51% over the past month. Its price is -82.16% year-to-date and -84.66% over the past year.

The stock last released its quarterly earnings report for quarter ended 4/30/2024, with the company’s earnings per share (EPS) of -3.24 above consensus estimates by 0.88. The company’s next earnings report forecasts estimating quarterly EPS at -3.46 and -11.57 for whole year. Expected sales for next quarter are $973.35M, which analysts say will come at $4.36B for the current fiscal year and next year at $4.33B. In addition, estimates put the company’s current quarterly revenue at an average of $1.05B.

To reach the target analysts have set, the stock logically needs to grow 41.6 percent from here.

The company has a return on investment of -21.65% and return on equity of -151.97%. The beta has a value of 2.26. Price to book ratio is 0.50 and price to sales ratio is 0.01.