BIG Stock Summary and Trading Ideas (Big Lots | NYSE:BIG)

Big Lots Inc is principally engaged in operating discount retail stores. The company provides a broad range of merchandise, including food, consumables, soft home products, hard home products, furniture, electronics and accessories, and seasonal products. The company sources the merchandise from traditional and close-out channels. In addition to merchandise, the company sells gift cards, issues merchandise credits, and more. The company operates stores throughout the United States, with around one-third of its stores in California, Texas, Ohio, and Florida.

Big Lots trades on the NYSE stock market under the symbol BIG.

As of April 19, 2024, BIG stock price climbed to $3.67 with 278,894 million shares trading.

BIG has a beta of 2.04, meaning it tends to be more sensitive to market movements. BIG has a correlation of 0.06 to the broad based SPY ETF.

BIG has a market cap of $107.22 million. This is considered a Micro Cap stock.

Last quarter Big Lots reported $1 billion in Revenue and -$.28 earnings per share. This beat revenue expectation by $2 million and missed earnings estimates by -$.05.

In the last 3 years, BIG stock traded as high as $73.23 and as low as $3.13.

The top ETF exchange traded funds that BIG belongs to (by Net Assets): VTI, IWM, FNDX, VXF, IWN.

BIG has underperformed the market in the last year with a return of -63.7%, while the SPY ETF gained +21.8%. In the last 3 month period, BIG fell short of the market, returning -44.4%, while SPY returned +4.8%. However, in the most recent 2 weeks BIG has outperformed the stock market by returning +0.5%, while SPY returned -3.0%.

BIG support price is $3.44 and resistance is $3.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BIG stock will trade within this expected range on the day.