Bed Bath & Beyond Inc. (NASDAQ:BBBY) currently has a daily average trading volume of 68.61M but it saw 45789638 shares traded on Thursday. With a market cap of 113.67M USD, stock’s current market price of $1.06 came rising about 2.91 while comparing to the previous closing price of $1.03. In past 52 weeks, the stock remained buoying in the range of price level as high as $30.00 and as low as $1.01. In the recent trading on the day, stock has struck highest price mark of $1.15 while lowest mark touched by it was $1.045.
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Taking a look at 20-day trading activity of Bed Bath & Beyond Inc. (BBBY) gives us an average price of $1.4208, while its current price level is -96.47% below from 52-week high level whereas it is 4.95% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.3399 while that of 200 days or SMA-200 reads an average of $5.2201. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.86% during that period while stretching the period over a month that decreases to 12.96%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.26 which implies that the stock is in neutral territory.
Odeon upgraded its recommendation for the stock as a “Hold” from “Sell” on September 30, 2022 while assigning a price target of $7.50.
Over the week, BBBY’s stock price is moving -13.82% down while it is -45.36% when we observe its performance for the past one month. Year-to-date it is -57.77% down and over the past year, the stock is showing a downside performance of -94.80%.
The latest quarterly earnings report issued by the company was for quarter ended 11/29/2022, when its quarterly earnings per share (EPS) of -$3.65 beaten by the consensus estimate of -$2.23 for the same. The company is expected to be releasing its next quarterly report in 06/28/2023, for which analysts forecasted an EPS of -$2.03 while estimate for next year EPS is -$11.84. For BBBY, analysts are forecasting an EPS-growth rate of -996.30% for current year and estimate for EPS growth in next year is 42.80%. In next quarter, company is expected to be making quarterly sales of $1.05 billion as analysts are expecting the sales for current fiscal year at $5.56 billion and seeing the company making $4.69 billion in sales next year. Moreover, analysts are in estimates of $1.4 billion for current-quarter revenue.
Currently, Bed Bath & Beyond Inc.’s total number of outstanding shares is 116.84M with 1.79% of that held by the insiders while 41.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -36.90% and return on equity (ROE) at 358.80%. Stock’s beta reads 1.66. Stock has a price to sale or P/S ratio amounts to 0.02. Its return on asset (ROA) is -26.70% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Small Cap ETF came shrinking its share ownership by 0.24% in the Bed Bath & Beyond Inc. (BBBY) increasing its stake to 4.95% with control over 14014.0 shares in the company. As per SEC documents, iShares Core S&P Small Cap ETF shunned 5,778,838 of company’s common stock of worth $8.15 million as per recent closing price of the stock. iShares Core S&P Small Cap ETF is not the only institutional holder which restructured its stake in Bed Bath & Beyond Inc., as Contrarius ICAV – Global Equity F dumped 4,101,261 shares of worth $5.78 million to bring its holdings to a total of -1.63 million shares.
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