Big Lots Inc. (NYSE:BIG) saw a downside of -2.81% to close Tuesday at $6.56 after subtracting -$0.19 on the day. The 5-day average trading volume is 1,527,640 shares of the company’s common stock. It has gained $8.70 in the past week and touched a new high 1 time within the past 5 days. An average of 1,274,120 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,974,002.
BIG’s 1-month performance is -30.80% or -$2.34 on its low of $6.17 reached on 08/22/23. The company’s shares have touched a 52-week low of $4.78 and high of $24.59, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, BIG has lost -55.37% or -$8.14 and has reached a new high 10 times. However, the current price is down -73.32% from the 52-week high price.
Valuation Metrics
BIG stock has a beta of 2.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.04 while the price-to-book (PB) in the most recent quarter is 0.35.
Big Lots Inc.’s quick ratio for the period ended April 29 was 0.20, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending April 29 was 0.91, while the total debt to equity was 0.91.. In terms of profitability, the gross margin trailing 12 months is 34.50%. The trailing 12-month EBITDA margin is 4.34% while for the period ending April 29, Big Lots Inc.’s operating margin was -9.80%. The firm’s gross profit as reported stood at $1.91 billion against revenue of $5.47 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 94.62% to -$206.07 million, while revenue of -$12.46 million was 93.95% off the previous quarter. Analysts expected BIG to announce -$1.82 per share in earnings in its latest quarter, but it posted -$3.4, representing a -86.80% surprise. EBITDA for the quarter stood at more than -$223.98 million. BIG stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 3.11 billion, with total debt at $2.24 billion. Shareholders hold equity totaling $29.18 million.
Let’s look briefly at Big Lots Inc. (BIG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 14.98% to suggest the stock is trending oversold, with historical volatility in this time period at 32.96%.
The stock’s 5-day moving average is $7.23, reflecting a -22.64% or -$1.92 change from its current price. BIG is currently trading -30.58% above its 20-day SMA, -36.37% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.35% and SMA200 by-64.66%.
Stochastic %K and %D was 4.80% and 2.87% and the average true range (ATR) pointed at 0.65. The RSI (14) points at 25.78%, while the 14-day stochastic is at 9.68% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at -0.94 and -1.54 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Big Lots Inc. (NYSE: BIG), Piper Sandler downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for BIG stock have a consensus rating for the stock as Underweight. Currently, 4 brokerage advisors rate BIG as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is BIG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $4.00 and a high of $13.00, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Big Lots Inc. (BIG) stock is $6.48.
