Big Lots Inc (NYSE:BIG) Drops -12.88 Percent, But More Could Be Coming.

In recent trading session, Big Lots Inc (NYSE:BIG) saw 1.38 million shares changing hands at last check today with its beta currently measuring 2.22. Company’s recent per share price level of $0.45 trading at -$0.06 or -12.88% at last check today assigns it a market valuation of $13.21M. That most recent trading price of BIG’s stock is at a discount of -1768.89% from its 52-week high price of $8.41 and is indicating a discount of -13.33% from its 52-week low price of $0.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.49 million shares which gives us an average trading volume of 2.28 million if we extend that period to 3-months.

For Big Lots Inc (BIG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.40. Splitting up the data highlights that, out of 2 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -3.46 in the current quarter.

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Big Lots Inc (NYSE:BIG) trade information

Upright in the red during last session for losing -12.88%, in the last five days BIG remained trading in the red while hitting it’s week-highest on Thursday, 08/29/24 when the stock touched $0.45 price level, adding 40.79% to its value on the day. Big Lots Inc’s shares saw a change of -94.28% in year-to-date performance and have moved -52.13% in past 5-day. Big Lots Inc (NYSE:BIG) showed a performance of -50.02% in past 30-days. Number of shares sold short was 6.61 million shares which calculate 3.98 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 95.5% to its recent value today. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 34. It follows that stock’s current price would drop -122.22% in reaching the projected high whereas dropping to the targeted low would mean a loss of -122.22% for stock’s current value.

Big Lots Inc (BIG) estimates and forecasts

Statistics highlight that Big Lots Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -91.15% of value to its shares in past 6 months, showing an annual growth rate of -4.78% while that of industry is 6.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -7.60% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.04B for the same. And 5 analysts are in estimates of company making revenue of 972.16M in the next quarter.

Big Lots Inc (NYSE:BIG)’s Major holders

Insiders are in possession of 4.60% of company’s total shares while institution are holding 55.44 percent of that, with stock having share float percentage of 58.11%. Investors also watch the number of corporate investors in a company very closely, which is 55.44% institutions for Big Lots Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at BIG for having 2.78 million shares of worth $4.81 million. And as of 2024-06-30, it was holding 9.466 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.47 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.0191 of outstanding shares, having a total worth of $2.55 million.