There Is A Quest For Clarity Surrounding Big Lots Inc (NYSE: BIG) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that Big Lots Acquires Hearthsong Toy Inventory Reinforcing its Commitment to Extreme Values in Latest Closeout Deal.

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Stocks Info

This NYSE-listed company operates within the Discount Stores industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $5.37 and fluctuated between $5.55 as its day high and $5.23 as its day low. The current market capitalization of Big Lots Inc is $156.91M. A total of 1.51 million shares were traded on the day, compared to an average of 1.72M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BIG has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 33 BUYs and 14 SELLs from insiders. Insiders purchased 1,221,314 shares during that period but sold 53,462.

In the most recent transaction, McCormick Christopher J bought 12,000 shares of BIG for 6.29 per share on Dec 01. After the transaction, the Director now owns 50,733 company shares. In a previous transaction on Jun 01, Robins Ronald A Jr bought 10,000 shares at 5.00 per share. BIG shares that Executive Vice President owns now total 169,897.

Among the insiders who bought shares, Schlonsky Michael Allen acquired of 10,000 shares on Jun 01 at a per-share price of $4.88. This resulted in the Executive Vice President holding 194,207 shares of BIG after the transaction. In another insider transaction, DiGrande Sebastian bought 3,000 shares at $4.97 per share on Jun 01. Company shares held by the Director now total 41,733.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. BIG’s most recent ex-dividend date was 3/16/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/28/2022 with an ex-dividend date of 12/13/2022. The BIG stock dividend was $0.30 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BIG in the last 3 months, the mean price target is $4.37 with high estimates of $8.00 and low estimates of $1.00. In terms of 52-week highs and lows, BIG has a high of $15.98 and a low of $3.47.

As of this writing, BIG has an earnings estimate of -$0.23 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.86. The company reported an EPS of -$3.24 in the last quarter, which was 21.40% higher than expectations of -$4.12.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BIG’s latest balance sheet shows that the firm has $53.72M in Cash & Short Term Investments as of fiscal 2022. There were $1.82B in debt and $1.12B in liabilities at the time. Its Book Value Per Share was $10.72, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BIG is Buy with a score of 1.71.

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