What Technical Indicators Show About Bed Bath & Beyond Inc. (BBBY)?

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Bed Bath & Beyond Inc. (NASDAQ:BBBY) finished Thursday with a subtraction of -$0.18 to close at $7.09, a downside of -2.48 percent. An average of 10,984,340 shares of common stock have been traded in the last five days. There was a fall of -$1.70 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 36,302,242 shares traded, while the 50-day average volume stands at 53,272,180.

BBBY stock has decreased by -19.25% in the last month. The company shares reached their 1-month lowest point of $6.76 on 09/22/22. With the stock rallying to its 52-week high on 03/07/22, shares of the company touched a low of $4.38 and a high of $30.06 in 52 weeks. It has reached a new high 5 times so far this year and lost -51.37% or -$7.49 in price. In spite of this, the price is down -76.41% from the 52-week high.


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Insider Transactions

37 days have passed since Bed Bath & Beyond Inc. (BBBY) last reported insider trading activity. Arnal Gustavo, who is EVP, CFO, most recently acquired $12,500 shares at $29.95 per share on Aug 17. In this transaction, the insider spent $374,375. EVP, CFO, Arnal Gustavo, disposed of 42,513 shares at a price of $24.22 on Aug 16. The insider now owns more than $1,029,824 worth of shares. Prior to that, 10% Owner Cohen Ryan went on to Sale 5,000,000 shares at $21.17 each on Aug 16. An amount of $105,845,055 was transacted.

Valuation Metrics

Bed Bath & Beyond Inc. (BBBY) stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.08.

Financial Health

The quick ratio of Bed Bath & Beyond Inc. for the three months ended May 30 was 0.10, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $2.48 billion compared to revenue of $7.87 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Bed Bath & Beyond Inc.’s return on assets was -15.90%.

Earnings Surprise

For the three-month period that ended May 30, Bed Bath & Beyond Inc. had $1.38 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$357.67 million in the quarter, while revenues of -$159.11 million were grew 85.78%. The analyst consensus anticipated Bed Bath & Beyond Inc.’s latest quarter earnings to come in at -$1.39 per share, but it turned out to be -$2.83, a -103.60% surprise. For the quarter, EBITDA amounted to -$241.36 million. Shareholders own equity worth $79.96 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Bed Bath & Beyond Inc. (BBBY) price momentum. RSI 9-day as of the close on 22 September was 36.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 70.34%.

As of today, BBBY’s price is $7.60 -19.34% or -$1.70 from its 5-day moving average. BBBY is currently trading -31.56% lower than its 20-day SMA and -47.91% lower than its 100-day SMA. However, the stock’s current price level is +39.57% above the SMA50 and -61.84% below the SMA200.

The stochastic %K and %D were 17.89% and 17.99%, respectively, and the average true range (ATR) was 1.21. With the 14-day stochastic at 12.60% and the average true range at 1.56, the RSI (14) stands at 41.90%. The stock has reached -0.80 on the 9-day MACD Oscillator while the 14-day reading was at -0.81.

Analyst Ratings

Raymond James downgraded Bed Bath & Beyond Inc. (NASDAQ: BBBY) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Mkt perform. The consensus rating for Bed Bath & Beyond Inc. (BBBY) among analysts is Underweight. According to current brokerage recommendations, 10 brokerage firms advise that investors sell BBBY, while 5 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is BBBY’s price target for the next 12 months?

Analysts predict a range of price targets between $2.00 and $9.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Bed Bath & Beyond Inc. (BBBY) stock is $3.91.

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