The stock of Big Lots Inc. (NYSE:BIG) increased by $0.03 on Friday to finish at $6.13, up 0.49 percent. The last five days have seen an average of 1,382,580 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$8.57. The average number of shares traded over the last 20 days was 1,248,675, while the average volume over the last 50 days totaled 1,825,262.
BIG stock dropped -39.31% since last month. On 08/24/23, the company’s shares reached a one-month low of $6.01. The stock touched a high of $24.35 on 02/02/23, after rallying from a low of $4.78 in 52 weeks. The price of BIG stock has declined by -58.30% or -$8.57 this year, reaching a new high 10 times. Still, the stock price is down -74.83% from the 52-week high.
Insider Transactions
BIG stock investors should be aware that Big Lots Inc. (BIG) stock had its last reported insider trading activity 88 days ago on Jun 01. On Jun 01, Executive Vice President Robins Ronald A Jr acquired 10,000 shares at $5.00 each. This transaction resulted in the insider spending $50,050. On Jun 01, Schlonsky Michael Allen added 10,000 shares at a price of US$4.88. After the transaction, the insider now owns 194,207 shares. Director DiGrande Sebastian had earlier bought 3,000 shares on Jun 01 for $4.97 a share. The transaction was completed for $14,900.
Valuation Metrics
Beta for the stock is 2.30. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.03, the price-to-book (PB) ratio of 0.32.
Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year.
Financial Health
For the three months ended April 29, Big Lots Inc.’s quick ratio was 0.20, while its current ratio was 1.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending April 29 is 0.91, and the total debt to equity ratio is 0.91. As far as profitability goes, gross margin for the trailing twelve months is 34.50% percent. Big Lots Inc.’s EBITDA margin for the year ended April 29 was 4.34%, whereas its operating margin stood at -9.80% for the same period. Based on annual data, it had gross profit of $1.91 billion and revenue of $5.47 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BIG’s return on assets (ROA) during the last 12 months has been -10.70%. There was a -17.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -54.30%.
Earnings Surprise
According to Big Lots Inc.’s quarterly financial report for the quarter that ended April 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.12 billion, while revenues fell by -22.35% to $1.54 billion. It was predicted that Big Lots Inc.’s quarterly earnings would be -$3.4, but it ended up being -$1.82, beating the consensus by -86.80%. EBITDA was -$223.98 million for the quarter. At the end of Big Lots Inc.’s most recent quarter ended April 29, its liabilities totaled 3.11 billion, while its total debt was $2.24 billion. Equity owned by shareholders amounts to $29.18 million.
Technical Picture
Here’s a quick look at Big Lots Inc.’s (BIG) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 13.53%, suggesting the stock is oversold, with a 33.80% historical volatility rate.
The stochastic %K and %D were 3.81% and 5.40% respectively, while the average true range (ATR) was 0.56. Based on the 14-day stochastic reading of 3.16%, the RSI (14) reading is 23.60%. On the 9-day MACD Oscillator, the stock is at -0.81, and the 14-day reading is at -1.44.
Analyst Ratings
Big Lots Inc. (NYSE: BIG) was downgraded by Piper Sandler to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Big Lots Inc. (BIG) an Underweight rating. BIG is a stock that is recommended for selling by 4 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is BIG’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $13.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Big Lots Inc. (BIG) is $6.48.
