As of Wednesday close, Big Lots Inc.’s (NYSE:BIG) stock was down -$1.01, moving down -12.69 percent to $6.95. The average number of shares traded per day over the past five days has been 4,349,360 shares. 2 times new highs have been achieved over the past 5 days, with a $0.53 gain in that time frame. In the last twenty days, the average volume was 2,052,280, while in the previous 50 days, it was 1,861,578.
Since last month, BIG stock retreated -29.66%. Shares of the company fell to $6.01 on 08/24/23, the lowest level in the past month. A 52-week high of $24.35 was reached on 02/02/23 after having rallying from a 52-week low of $4.78. Since the beginning of this year, BIG’s stock price has dropped by -52.72% or -$7.75, and marked a new high 10 times. However, the stock has declined by -71.46% since its 52-week high.
BIG stock investors should be aware that Big Lots Inc. (BIG) stock had its last reported insider trading activity 91 days ago on Jun 01. Robins Ronald A Jr, the Executive Vice President of the company, purchased of 10,000 shares for $5.00 on Jun 01. It resulted in a $50,050 investment by the insider. Schlonsky Michael Allen added 10,000 shares at an average price of $4.88 on Jun 01. The insider now owns 194,207 shares following the transaction. On Jun 01, Director DiGrande Sebastian bought 3,000 shares at $4.97 apiece. The transaction was valued at $14,900.
Valuation Metrics
The stock’s beta is 2.24. Besides these, the trailing price-to-sales (P/S) ratio of 0.04, the price-to-book (PB) ratio of 0.37.
The latest dividend of $0.30 per share was paid out, remained unchanged from last year’s $0.30.
Financial Health
In the three months ended July 30, Big Lots Inc.’s quick ratio stood at 0.20, while its current ratio was 1.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending July 30 was 0.91, and the total debt-to-equity ratio was 0.91. On the profitability front, the trailing twelve-month gross margin is 34.50% percent. In the year ended July 30, EBITDA margin amounted to 4.34%, whereas operating margins totaled -9.80%. Based on annual data, BIG earned $1.91 billion in gross profit and brought in $5.47 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 -17.90%. Return on equity (ROE) for the past 12 months was -54.30%.
In Big Lots Inc.’s quarter-end financial report for July 30, it reported total debt of $501.6 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BIG’s revenue fell -22.35% to $1.54 billion during the quarter, while net income inched up to $1.12 billion. While analysts expected Big Lots Inc. to report -$4.12 quarterly earnings, the actual figure was -$3.24 per share, beating the consensus estimate by 21.40%. During the quarter, the company generated -$223.98 million in EBITDA. The liabilities of Big Lots Inc. were 3.11 billion at the end of its most recent quarter ended July 30, and its total debt was $2.24 billion. The value of shareholders’ equity is $29.18 million.
Technical Picture
This quick technical analysis looks at Big Lots Inc.’s (BIG) price momentum. With a historical volatility rate of 154.60%, the RSI 9-day stood at 43.07% on 30 August.
With respect to its five-day moving average, the current Big Lots Inc. price is up by +8.26% percent or $0.53. At present, BIG shares trade -25.91% below its 20-day simple moving average and -35.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.47% below its SMA50 and -63.50% below its SMA200.
Stochastic coefficient K was 33.12% and Stochastic coefficient D was 20.38%, while ATR was 0.76. Given the Stochastic reading of 31.75% for the 14-day period, the RSI (14) reading has been calculated as 41.59%. As of today, the MACD Oscillator reading stands at 0.34, while the 14-day reading stands at -0.19.
Analyst Ratings
Big Lots Inc. downgraded its rating on Big Lots Inc. (NYSE: BIG) to an Underweight in a note to investors on April 21, 2023. The analysts firm previously had a Neutral rating on the stock.Big Lots Inc. (BIG) has been rated Underweight by analysts. According to 4 brokerage firms, BIG is a sell, and 4 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Big Lots Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $5.00 – $13.00. Based on these forecasts, analysts predict Big Lots Inc. (BIG) will achieve an average price target of $7.16.
