Big Lots Inc (NYSE:BIG) shares, rose in value, with the stock price down by -7.59% to the previous day’s close as strong demand from buyers drove the stock to $3.65.
Actively observing the price movement in the last trading, the stock closed the session at $3.95. The value of beta (5-year monthly) was 2.35. Referring to stock’s 52-week performance, its high was $12.27, and the low was $3.47. On the whole, BIG has fluctuated by -29.40% over the past month.
With the market capitalization of Big Lots Inc currently standing at about $106.65 million, investors are eagerly awaiting this quarter’s results, scheduled for May 24, 2024 – May 28, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$3.9, which is expected to increase to -$1.84 for fiscal year -$9.94 and then to about -$6.64 by fiscal year 2026. Data indicates that the EPS growth is expected to be 12.00% in 2026, while the next year’s EPS growth is forecast to be 33.20%.
Analysts have estimated the company’s revenue for the quarter at $1.04 billion, with a low estimate of $1.03 billion and a high estimate of $1.06 billion. According to the average forecast, sales growth in current quarter could jump down -12.30%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $4.48 billion, representing a decrease of -5.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BIG’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BIG currently trading nearly -10.82% and -23.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.46, while the 7-day volatility ratio is showing 6.77% which for the 30-day chart, stands at 9.55%. Furthermore, Big Lots Inc (BIG)’s beta value is 2.35, and its average true range (ATR) is 0.38.
A comparison of Big Lots Inc (BIG) with its peers suggests the former has fared considerably weaker in the market. BIG showed an intraday change of -7.59% in last session, and over the past year, it shrunk by -67.47%%.
Data on historical trading for Big Lots Inc (NYSE:BIG) indicates that the trading volumes over the past 10 days have averaged 1.2 million and over the past 3 months, they’ve averaged 1.49 million. According to company’s latest data on outstanding shares, there are 28.96 million shares outstanding.
Nearly 9.27% of Big Lots Inc’s shares belong to company insiders and institutional investors own 76.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.86 million shares as on Mar 15, 2024, resulting in a short ratio of 3.73. According to the data, the short interest in Big Lots Inc (BIG) stood at 23.49% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 6.9 million. The stock has fallen by -53.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BIG stock heading into the next quarter.
