biglots
ValueWalk
Key Points Big Lots stock slides by 18.5% during Friday’s trading session. The negative sentiment comes amid the company’s first quarter 2023 earnings results.Everything about the company screams ‘warning,’ as inventory and sales point to dire slowdowns that are spooking already scared investors, especially after Bed Bad & Beyond’s closing.There is a scenario where Big Lots rallies on a turnaround; as analysts see a near tripling in the stock price, management points to how this could become a reality on the back of a profitability pathway.Investors can acquire this turnaround play for cents o...
ValueWalk
Home discount retailer Big Lots (NYSE:BIG) stock has tanked (-54%) in 2022. Low consumer confidence and declining spending took a toll on the discount home furnishings retailer. The Company was a benefactor during the pandemic as consumers spent buoyantly on home improvement items. However, the reopening and macroeconomic conditions have led to a dramatic slowdown. Cost and labor inflation, logistics, and supply chain disruption were some of the headwinds that did a number of its fiscal Q1 2022 results. Broad inflation and rising gas prices started to impact consumer discretionary income level...
ValueWalk
Why Did Big Lots Gain 12% Today? Short-CoveringWe were pleasantly surprised to see shares of Big Lots (NYSE:BIG) up 12% but could not understand why until we saw the short interest. The stock has been in a downtrend for some time driven by dwindling analysts’ sentiment, fear of slowing sales, and an ever-growing short interest that reached lofty levels above 25% in the weeks ahead of the Q2 report. With the report still due out and the analysts still downgrading the stock, the only thing left to drive it higher is short covering and that makes us think this downtrend is over. The analysts have...
ValueWalk
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら