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Bed Bath & Beyond Inc. (NASDAQ:BBBY) Currently -313.48% Below Its 52-Week High But The Downside Potential May Surprise You

In last trading session, Bed Bath & Beyond Inc. (NASDAQ:BBBY) saw 8.68 million shares changing hands with its beta currently measuring 1.59. Company’s recent per share price level of $7.27 trading at -$0.33 or -4.34% at ring of the bell on the day assigns it a market valuation of $637.07M. That closing price of BBBY’s stock is at a discount of -313.48% from its 52-week high price of $30.06 and is indicating a premium of 39.75% from its 52-week low price of $4.38. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 19.26 million shares which gives us an average trading volume of 45.15 million if we extend that period to 3-months.

Bed Bath & Beyond Inc. (NASDAQ:BBBY) trade information

Upright in the red during last session for losing -4.34%, in the last five days BBBY remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $7.27 price level, adding 22.08% to its value on the day. Bed Bath & Beyond Inc.’s shares saw a change of -50.14% in year-to-date performance and have moved -17.01% in past 5-day. Bed Bath & Beyond Inc. (NASDAQ:BBBY) showed a performance of -21.32% in past 30-days. Number of shares sold short was 28.56 million shares which calculate 2.12 days to cover the short interests.

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Bed Bath & Beyond Inc. (BBBY) estimates and forecasts

Statistics highlight that Bed Bath & Beyond Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -69.09% of value to its shares in past 6 months, showing an annual growth rate of -592.86% while that of industry is -4.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -4,600.00% in the current quarter and calculating -496.00% decrease in the next quarter. This year revenue growth is estimated to fall -21.40% from the last financial year’s standing.

12 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.45 billion for the same. And 12 analysts are in estimates of company making revenue of $1.47 billion in the next quarter that will end on Nov 2022.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -26.80% during past 5 years.

BBBY Dividends

Bed Bath & Beyond Inc. is more likely to be releasing its next quarterly report between April 12 and April 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Bed Bath & Beyond Inc. (NASDAQ:BBBY)’s Major holders

Insiders are in possession of 14.41% of company’s total shares while institution are holding 92.52 percent of that, with stock having share float percentage of 108.09%. Investors also watch the number of corporate investors in a company very closely, which is 92.52% institutions for Bed Bath & Beyond Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at BBBY for having 15.59 million shares of worth $351.31 million. And as of Mar 30, 2022, it was holding 19.50% of the company’s outstanding shares.

The second largest institutional holder is FMR, LLC, which was holding about 13.1 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 16.38% of outstanding shares, having a total worth of $295.07 million.

On the other hand, Fidelity Low-Priced Stock Fund and iShares Core S&P Smallcap ETF are the top two Mutual Funds which own company’s shares. As of Apr 29, 2022, the former fund manager was holding 9.97 million shares of worth $135.75 million or 12.47% of the total outstanding shares. The later fund manager was in possession of 5.55 million shares on Jun 29, 2022, making its stake of worth around $27.59 million in the company or a holder of 6.94% of company’s stock.

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