Analyzing Bed Bath & Beyond Inc. (BBBY) By Technical Indicators

As of Thursday close, Bed Bath & Beyond Inc.’s (NASDAQ:BBBY) stock was up $0.08, moving up 1.32 percent to $6.15. The average number of shares traded per day over the past five days has been 12,371,160 shares. 3 times new highs have been achieved over the past 5 days, with a $1.31 gain in that time frame. In the last twenty days, the average volume was 9,529,505, while in the previous 50 days, it was 10,011,384.

Since last month, BBBY stock rose 37.58%. Shares of the company fell to $4.44 on 07/06/22, the lowest level in the past month. A 52-week high of $30.14 was reached on 03/07/22 after having rallying from a 52-week low of $4.38. Since the beginning of this year, BBBY’s stock price has dropped by -57.82% or -$8.43, and marked a new high 5 times. However, the stock has declined by -79.59% since its 52-week high.

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Bed Bath & Beyond Inc. (BBBY) last reported insider trading activity 9 days ago on Jul 27. WEISS ANDREA, the Director of the company, purchased of 2,000 shares for $4.61 on Jul 27. It resulted in a $9,220 investment by the insider. EDELMAN HARRIET added 10,000 shares at an average price of $4.94 on Jul 01. The insider now owns 73,789 shares following the transaction. On Jul 01, Director Kirwan Jeff bought 10,000 shares at $4.90 apiece. The transaction was valued at $49,000.

Valuation Metrics

The latest dividend of $0.17 per share was paid out, remained unchanged from last year’s $0.17.

Financial Health

In the three months ended May 30, Bed Bath & Beyond Inc.’s quick ratio stood at 0.10, while its current ratio was 1.00, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 31.00% percent. In the year ended May 30, operating margins totaled -9.10%. Based on annual data, BBBY earned $2.48 billion in gross profit and brought in $7.87 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.90%. Return on equity (ROE) for the past 12 months was -240.40%.

In Bed Bath & Beyond Inc.’s quarter-end financial report for May 30, it reported total debt of $1.38 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BBBY’s revenue fell -33.51% to $2.05 billion during the quarter, while net income inched up to $1.46 billion. While analysts expected Bed Bath & Beyond Inc. to report -$1.39 quarterly earnings, the actual figure was -$2.83 per share, beating the consensus estimate by -103.60%. During the quarter, the company generated -$241.36 million in EBITDA. The liabilities of Bed Bath & Beyond Inc. were 5.17 billion at the end of its most recent quarter ended May 30, and its total debt was $3.28 billion. The value of shareholders’ equity is $79.96 million.

Technical Picture

This quick technical analysis looks at Bed Bath & Beyond Inc.’s (BBBY) price momentum. With a historical volatility rate of 88.34%, the RSI 9-day stood at 66.14% on 04 August.

With respect to its five-day moving average, the current Bed Bath & Beyond Inc. price is up by +27.07% percent or $1.31. At present, BBBY shares trade +13.05% above its 20-day simple moving average and -69.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -26.17% below its SMA50 and -58.22% below its SMA200.

Stochastic coefficient K was 73.53% and Stochastic coefficient D was 72.22%, while ATR was 0.55. Given the Stochastic reading of 80.90% for the 14-day period, the RSI (14) reading has been calculated as 56.01%. As of today, the MACD Oscillator reading stands at 0.67, while the 14-day reading stands at 0.67.

Analyst Ratings

Telsey Advisory Group reiterated its an Underperform rating on Bed Bath & Beyond Inc. (NASDAQ: BBBY) in a note to investors. The analysts firm has however raised their price target to $3, representing a possible -2.5% increase in the stock price. Bed Bath & Beyond Inc. (BBBY) has been rated Underweight by analysts. According to 8 brokerage firms, BBBY is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Bed Bath & Beyond Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $3.00, the current consensus forecast for the stock is $1.00 – $7.50. Based on these forecasts, analysts predict Bed Bath & Beyond Inc. (BBBY) will achieve an average price target of $3.49.


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