Drilling Down Into Bed Bath & Beyond Inc. (BBBY)

Bed Bath & Beyond Inc. (BBBY) is an interesting player in the Services space, with a focus on Home Furnishing Stores. The stock has been active on the tape, currently trading at $22.79, up from yesterday’s close by 5.12%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Bed Bath & Beyond Inc. (BBBY) currently trades with a market capitalization of $3.27 Billion. That value represents a market adjusting for revenues that have been falling by -0.03 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $448.61 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $1.39 on a per share basis this quarter. Perhaps, that suggests something about why 1.61% of the outstanding share supply is held by institutional investors.

Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Bed Bath & Beyond Inc. recorded a 52-week high of $41.96. It is now trading 19.17% off that level. The stock is trading $22.63 its 50-day moving average by -0.16%. The stock carved out a 52-week low down at $19.07.

In recent action, Bed Bath & Beyond Inc. (BBBY) has made a move of -2.61% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.35, 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 12.36% with $139.05 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BBBY.

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