Moreover, the 36-month beta value for BIG is 2.21. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 4 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for BIG is 28.12M and currently, short sellers hold a 23.50% of that float. On September 04, 2024, BIG’s average trading volume was 2.28M shares.
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BIG) stock’s latest price update
Big Lots Inc (NYSE: BIG)’s stock price has gone rise by 0.94 in comparison to its previous close of 0.53, however, the company has experienced a -45.82% decrease in its stock price over the last five trading days. foxbusiness.com reported 2024-08-30 that Discount retailer Big Lots is considering filing for bankruptcy as it faces declining sales, according to a report citing people familiar with the situation.
BIG’s Market Performance
Big Lots Inc (BIG) has experienced a -45.82% fall in stock performance for the past week, with a -40.64% drop in the past month, and a -83.83% drop in the past quarter. The volatility ratio for the week is 19.42%, and the volatility levels for the past 30 days are at 11.95% for BIG. The simple moving average for the past 20 days is -43.97% for BIG’s stock, with a -85.90% simple moving average for the past 200 days.
Analysts’ Opinion of BIG
Many brokerage firms have already submitted their reports for BIG stocks, with Loop Capital repeating the rating for BIG by listing it as a “Hold.” The predicted price for BIG in the upcoming period, according to Loop Capital is $1 based on the research report published on July 11, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see BIG reach a price target of $2.50, previously predicting the price at $5. The rating they have provided for BIG stocks is “Market Perform” according to the report published on June 07th, 2024.
Loop Capital gave a rating of “Sell” to BIG, setting the target price at $1 in the report published on February 12th of the current year.
BIG Trading at -53.61% from the 50-Day Moving Average
After a stumble in the market that brought BIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.64% of loss for the given period.
Volatility was left at 11.95%, however, over the last 30 days, the volatility rate increased by 19.42%, as shares sank -39.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -70.33% lower at present.
During the last 5 trading sessions, BIG fell by -45.63%, which changed the moving average for the period of 200-days by -87.48% in comparison to the 20-day moving average, which settled at $0.9373. In addition, Big Lots Inc saw -93.13% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BIG starting from McCormick Christopher J, who purchase 12,000 shares at the price of $6.29 back on Dec 01 ’23. After this action, McCormick Christopher J now owns 50,733 shares of Big Lots Inc, valued at $75,480 using the latest closing price.
Stock Fundamentals for BIG
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.35 for the gross margin
The net margin for Big Lots Inc stands at -0.1. The total capital return value is set at -0.1. Equity return is now at value -151.97, with -14.07 for asset returns.
Based on Big Lots Inc (BIG), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28. The debt to equity ratio resting at 9.95. The interest coverage ratio of the stock is -4.97.
Currently, EBITDA for the company is -234.94 million with net debt to EBITDA at -7.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.51. The receivables turnover for the company is 4607634000.0for trailing twelve months and the total asset turnover is 1.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.39.
Conclusion
To wrap up, the performance of Big Lots Inc (BIG) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
