There’s a new sense of excitement surrounding Bed Bath & Beyond Inc. (BBBY)

Bed Bath & Beyond Inc. (NASDAQ: BBBY) closed the day trading at $3.11 down -7.99% from the previous closing price of $3.38. In other words, the price has decreased by -$0.2700 from its previous closing price. On the day, 10910653 shares were traded. BBBY stock price reached its highest trading level at $3.3800 during the session, while it also had its lowest trading level at $3.0400.

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Ratios:

For a better understanding of BBBY, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.20 and its Current Ratio is at 1.00.

Upgrades & Downgrades

Wedbush Downgraded its Neutral to Underperform on August 18, 2022, while the target price for the stock was maintained at $5.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 17 when Arnal Gustavo sold 12,500 shares for $29.95 per share. The transaction valued at 374,375 led to the insider holds 255,396 shares of the business.

Arnal Gustavo sold 42,513 shares of BBBY for $1,029,824 on Aug 16. The EVP, CFO now owns 267,896 shares after completing the transaction at $24.22 per share. On Aug 16, another insider, Cohen Ryan, who serves as the 10% Owner of the company, sold 5,000,000 shares for $21.17 each. As a result, the insider received 105,845,055 and left with 2,780,000 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04.

Stock Price History:

Over the past 52 weeks, BBBY has reached a high of $30.06, while it has fallen to a 52-week low of $3.33. The 50-Day Moving Average of the stock is 5.4836, while the 200-Day Moving Average is calculated to be 10.7457.

Shares Statistics:

Over the past 3-months, BBBY traded about 24.36M shares per day on average, while over the past 10 days, BBBY traded about 12.71M shares per day. A total of 88.15M shares are outstanding, with a floating share count of 86.07M. Insiders hold about 2.20% of the company’s shares, while institutions hold 54.50% stake in the company. Shares short for BBBY as of Oct 13, 2022 were 30M with a Short Ratio of 30.82M, compared to 29.85M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 37.38% and a Short% of Float of 105.06%.

Earnings Estimates

Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of -$1.84 for the current quarter, with a high estimate of -$0.86 and a low estimate of -$3.13, while EPS last year was -$0.25. The consensus estimate for the next quarter is -$1.11, with high estimates of -$0.33 and low estimates of -$1.95.

Analysts are recommending an EPS of between -$7.76 and -$10.84 for the fiscal current year, implying an average EPS of -$8.83. EPS for the following year is -$4.54, with 14 analysts recommending between -$1.42 and -$7.79.

Revenue Estimates

A total of 15 analysts have provided revenue estimates for BBBY’s current fiscal year. The highest revenue estimate was $6.23B, while the lowest revenue estimate was $5.85B, resulting in an average revenue estimate of $6.04B. In the same quarter a year ago, actual revenue was $7.87B, down -23.20% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $5.79B in the next fiscal year. The high estimate is $7.1B and the low estimate is $5.3B. The average revenue growth estimate for next year is down -4.10% from the average revenue estimate for this year.