Big 5 Sporting Goods Corp (NASDAQ:BGFV) does about 242.47K shares in volume on a normal day but saw 2316588 shares change hands in the recent trading day. The company now has a market cap of 52.89M USD. Its current market price is $2.33, marking an increase of 26.63% compared to the previous close of $1.84. The 52 week high reached by this stock is $6.73 whilst the lowest price level in 52 weeks is $1.45.
Big 5 Sporting Goods Corp (BGFV) has a 20-day trading average at $1.7400 and the current price is -65.38% off the 52-week high compared with 61.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.8300 and its 200-day simple moving average is $2.5700. If we look at the stock’s price movements over the week, volatility stands at 13.27%, which decreases to 7.58% 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 72.72 to suggest the stock is overbought.
The consensus objective for the share price is $4.50, suggesting that the stock has a potential upside of 48.22% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 02, 2023 when Lake Street downgraded the stock to “Hold” and issued a price target of $9.50. Deutsche Bank downgraded its price target at $20-$10.
The current price level is 34.29%, 27.32%, and -9.21% away from its SMA20, SMA50, and SMA200 respectively, with the BGFV price moving below the 50-day SMA on current market day. Big 5 Sporting Goods Corp (BGFV) stock is up 32.39% over the week and 35.47% over the past month. Its price is -63.25% year-to-date and -65.12% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to grow 48.22 percent from here.
Outstanding shares total 22.70M with insiders holding 5.76% of the shares and institutional holders owning 22.58% of the company’s common stock. The company has a return on investment of -14.00% and return on equity of -25.29%. The beta has a value of 2.32. Price to book ratio is 0.27 and price to sales ratio is 0.07.
