Big Lots, Inc. (NYSE:BIG) is an interesting player in the Services space, with a focus on Discount, Variety Stores. The stock has been active on the tape, currently trading at $50.70, up from yesterday’s close by -1.53%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.
This company has been competing with others in the space and offers its own combination of interesting factors Big Lots, Inc. (BIG) currently trades with a market capitalization of $2.26B. That value represents a market adjusting for revenues that have been falling by -1.00% on a quarterly year/year basis as of the company’s last quarterly report.
The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For BIG, the company currently has $59.74M of cash on the books, which is offset by $362.90M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $314.55M over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 2.23 on a per share basis this quarter. Perhaps, that suggests something about why 130.00% of the outstanding share supply is held by institutional investors.
We’ve taken a serious look at this stock from a fundamental perspective, but the tale of the tape may offer more hints about what lies under the surface. Looking at the stock’s movement on the chart, Big Lots, Inc. recorded a 52-week high of 56.54. It is now trading 5.05 off that level. The stock is trading 52.39 its 50-day moving average by 0.9. The stock carved out a 52-week low down at 33.78.
In recent action, Big Lots, Inc. (BIG) has made a move of -6.41% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is outperforming the S&P 500 by 20.06, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 44.16M with 26.74% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BIG.