Big Lots Inc (NYSE: BIG) Loses -87.34% From High. Why That Could Change?

Currently, there are 29.22M common shares owned by the public and among those 28.12M shares have been available to trade.

The company’s stock has a 5-day price change of 16.67% and -56.52% over the past three months. BIG shares are trading -82.03% year to date (YTD), with the 12-month market performance down to -83.93% lower. It has a 12-month low price of $1.00 and touched a high of $11.06 over the same period. BIG has an average intraday trading volume of 1.98 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.77%, -47.34%, and -68.12% respectively.

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Institutional ownership of Big Lots Inc (NYSE: BIG) shares accounts for 76.04% of the company’s 29.22M shares outstanding.

It has a market capitalization of $41.55M and a beta (3y monthly) value of 2.22. The earnings-per-share (ttm) stands at -$16.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 21.37% over the week and 13.83% over the month.

Earnings per share for the fiscal year are expected to decrease by -0.40%, and 26.98% over the next financial year.

Looking at the support for the BIG, a number of firms have released research notes about the stock. Loop Capital stated their Hold rating for the stock in a research note on July 11, 2024, with the firm’s price target at $1. Telsey Advisory Group coverage for the Big Lots Inc (BIG) stock in a research note released on June 07, 2024 offered a Market Perform rating with a price target of $2.50. Loop Capital was of a view on February 12, 2024 that the stock is Sell, while Telsey Advisory Group gave the stock Market Perform rating on December 12, 2023, issuing a price target of $6- $7. Telsey Advisory Group on their part issued Market Perform rating on November 28, 2023.

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