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Based on the reviews from different experts, it is evident that Big Lots Inc (BIG-N) is facing significant financial risk due to its small size, high debt, and ongoing losses. The company's cancellation of its dividend and negative cash flow further add to its precarious position. The consensus among the experts is that the stock is very risky and the decline in its value makes sense based on this risk. Overall, the outlook for Big Lots Inc is not optimistic.
A fun place to shop. Technically it has formed a strong bottom at $40. A recent bullish breakout has him interested. It could re-test $46, but expects it to fill the gap back up near $53 and would use $44 as his first stop. Yield 2.6%. (Analysts’ price target is $46.27)
It has been a roller coaster. We are in the lower end of the long term trading range. It had a little bit of a rounded pattern and then when it broke it, it had quite a move. So far so good.
Big Lots Inc is a American stock, trading under the symbol BIG-N on the New York Stock Exchange (BIG). It is usually referred to as NYSE:BIG or BIG-N
In the last year, there was no coverage of Big Lots Inc published on Stockchase.
Big Lots Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Big Lots Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Big Lots Inc In the last year. It is a trending stock that is worth watching.
On 2024-09-10, Big Lots Inc (BIG-N) stock closed at a price of $0.1083.
BIG's small size ($141M) and debt ($2.3B) and losses ($180M last year) do make it very financially risky. Bloomberg calculates a 'default risk ratio' and it is 27.3%, about as high as we see on a company that has yet to restructure. The dividend was cancelled last week. Cash flow was negative $100M+ in the last year. Its last quarter was horrible. We think it is very precarious and the decline makes sense based on the risk. There is a 39% short interest, and it could see a short squeeze one day, but this is not something to count on. We would not want to own a very small company with more than $2B in obligations (mostly leases) and negative cash flow.
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