Big Lots Inc (NYSE: BIG) – Not A Clear Buying Opportunity?

Big Lots Inc (BIG) concluded trading on Thursday at a closing price of $0.46, with 5.43 million shares of worth about $2.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -90.95% during that period and on September 05, 2024 the price saw a loss of about -10.90%. Currently the company’s common shares owned by public are about 29.22M shares, out of which, 28.12M shares are available for trading.

Stock saw a price change of -51.04% in past 5 days and over the past one month there was a price change of -48.88%. Year-to-date (YTD), BIG shares are showing a performance of -94.16% which decreased to -92.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.51 but also hit the highest price of $8.41 during that period. The average intraday trading volume for Big Lots Inc shares is 2.28 million. The stock is currently trading -51.36% below its 20-day simple moving average (SMA20), while that difference is down -59.61% for SMA50 and it goes to -87.94% lower than SMA200.

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Big Lots Inc (NYSE: BIG) currently have 29.22M outstanding shares and institutions hold larger chunk of about 53.76% of that.

The stock has a current market capitalization of $13.51M and its 3Y-monthly beta is at 2.22. It has posted earnings per share of -$16.44 in the same period. It has Quick Ratio of 0.16 while making debt-to-equity ratio of 29.18. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BIG, volatility over the week remained 23.23% while standing at 13.11% over the month.

Stock’s fiscal year EPS is expected to drop by -0.37% while it is estimated to increase by 30.71% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on July 11, 2024 offering a Hold rating for the stock and assigned a target price of $1 to it. Coverage by Telsey Advisory Group stated Big Lots Inc (BIG) stock as a Market perform in their note to investors on June 07, 2024, suggesting a price target of $2.50 for the stock. On February 12, 2024, Loop Capital Downgrade their recommendations, while on December 12, 2023, Telsey Advisory Group Reiterated their ratings for the stock with a price target of $7. Stock get a Market perform rating from Telsey Advisory Group on November 28, 2023.

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