Big 5 Sporting Goods Corporation (NASDAQ:BGFV) shares traded lower over the last trading session, losing -0.98% on 06/03/21. The shares fell to a low of $33.79 before closing at $34.53. Intraday shares traded counted 1.84 million, which was -28.9% lower than its 30-day average trading volume of 1.43M. BGFV’s previous close was $34.87 while the outstanding shares total 21.42M. The firm stock’s Relative Strength Index (RSI) is 72.07, with weekly volatility at 9.04% and ATR at 2.86. The BGFV stock’s 52-week price range has touched low of $1.69 and a $34.91 high.
Investors have identified the Specialty Retail company Big 5 Sporting Goods Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $793.15 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Big 5 Sporting Goods Corporation (BGFV) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 369.3 million total, with 242.82 million as their total liabilities.
BGFV were able to record 40.23 million as free cash flow during the 08/03/2021 quarter of the year, this saw their quarterly net cash flow reduce by 35.44 million. In cash movements, the company had a total of 41.97 million as operating cash flow.
Potential earnings growth for Big 5 Sporting Goods Corporation (BGFV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/03/2021 quarter of the year, Big 5 Sporting Goods Corporation recorded a total of 272.81 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 20.19% coming in sequential stages and their sales for the 08/03/2021 quarter reducing by -6.52%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 174.91 million trying to sell their products during the last quarter, with the result yielding a gross income of 97.89 million. This allows shareholders to hold on to 21.42M with the recently reported earning now reading 1.01 cents per share. This is a figure that compared to analyst’s prediction for their 08/03/2021 (0.96 cents a share).
Is the stock of BGFV attractive?
In related news, Chairman, President and CEO, MILLER STEVEN G sold 25,000 shares of the company’s stock in a transaction that recorded on Jun 01. The sale was performed at an average price of 30.83, for a total value of 770,750. As the sale deal closes, the Director, BANE SANDRA N now sold 4,500 shares of the company’s stock, valued at 147,240. Also, Chairman, President and CEO, MILLER STEVEN G sold 25,052 shares of the company’s stock in a deal that was recorded on May 26. The shares were price at an average price of 31.02 per share, with a total market value of 777,219. Following this completion of acquisition, the Executive VP, CFO & Treasurer, EMERSON BARRY now holds 3,334 shares of the company’s stock, valued at 100,020. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.70%.
1 out of 1 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on Big 5 Sporting Goods Corporation. 0 analysts has assigned a Sell rating on the BGFV stock. The 12-month mean consensus price target for the company’s shares has been set at $26.00.