Market Recap: Big Lots Inc (BIG)’s Negative Momentum, Closing at 1.02

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The closing price of Big Lots Inc (NYSE: BIG) was $1.02 for the day, down -7.27% from the previous closing price of $1.10. In other words, the price has decreased by -$7.27 from its previous closing price. On the day, 1.03 million shares were traded. BIG stock price reached its highest trading level at $1.1 during the session, while it also had its lowest trading level at $1.0.

Ratios:

Our analysis of BIG’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 29.18 whereas as Long-Term Debt/Eq ratio is at 26.27.

On June 07, 2024, Telsey Advisory Group reiterated its Market Perform rating and also upped its target price recommendation from $5 to $2.50.

Loop Capital Downgraded its Hold to Sell on February 12, 2024, whereas the target price for the stock was revised from $6 to $1.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 01 ’23 when McCormick Christopher J bought 12,000 shares for $6.29 per share. The transaction valued at 75,480 led to the insider holds 50,733 shares of the business.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BIG now has a Market Capitalization of 32650200 and an Enterprise Value of 2362518528. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.01 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 0.513 whereas that against EBITDA is -11.788.

Stock Price History:

Over the past 52 weeks, BIG has reached a high of $8.41, while it has fallen to a 52-week low of $0.86. The 50-Day Moving Average of the stock is -29.39%, while the 200-Day Moving Average is calculated to be -74.36%.

Shares Statistics:

BIG traded an average of 2.06M shares per day over the past three months and 1088930 shares per day over the past ten days. A total of 29.22M shares are outstanding, with a floating share count of 28.12M. Insiders hold about 5.27% of the company’s shares, while institutions hold 53.96% stake in the company. Shares short for BIG as of 1722384000 were 7100484 with a Short Ratio of 3.45, compared to 1719532800 on 7643181. Therefore, it implies a Short% of Shares Outstanding of 7100484 and a Short% of Float of 24.65.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 5.82.

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