Credit Suisse raised the price target for the Big Lots Inc. (NYSE:BIG) stock to “an Underperform”. The rating was released on December 20, 2022, according to finviz. We previously noted in another research note published on December 02, 2022 by Telsey Advisory Group that reiterated the stock to a Market perform with a price target of $20 for BIG stock. The research report from Telsey Advisory Group has reiterated the stock to Market Perform, with a price target set at $50. The stock was downgraded by JP Morgan, who disclosed in a research note on February 09, 2022, from Neutral to Underweight and set the price objective to $31. In their research brief published December 14, 2021, Goldman analysts downgraded the Big Lots Inc. stock from Neutral to Sell with a price target of $43.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Big Lots Inc. (NYSE:BIG) dipped -1.71% to close Wednesday’s market session at $13.22, lower as compared to yesterday’s close. The stock price fluctuated between $13.03 and $13.78 throughout the trading session with the volume trading being 1754917 shares, which represented a significant variation when compared to the three months average volume of 1.22 million shares. The firm’s stock price fluctuated -9.45% within the last five trades and -21.82% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -36.63% in the last 6 months and -21.40% was subtracted to its value over the previous 3 months. BIG stock is trading at a margin of -11.59%, -18.24% and -30.69% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, BIG deals in the Consumer Defensive domain. The stock is trading -67.32 percent below its 52-week high and 2.72 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -64.4. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Big Lots Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -1.10 percent and the profit margin is -0.90 percent, and the company has reported a gross margin of 35.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $390.92 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.07 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.49, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Padovano Nicholas E, the Executive Vice President at Big Lots Inc. (BIG) has sold 4,300 shares of firm on Apr 06 at a price of $34.30 against the total amount of $0.15 million. In another inside trade, Padovano Nicholas E, Executive Vice President of Big Lots Inc. (NYSE:BIG) sold 3,500 shares of the firm on Apr 01 for a total worth of $0.12 million at a price of $34.82. An inside trade which took place on Mar 22, Executive Vice President of Big Lots Inc. Padovano Nicholas E sold 900 shares of firm against total price of $34551.0 at the cost of $38.39 per share.