Bed Bath & Beyond Inc. (BBBY): From Top to Bottom

Bed Bath & Beyond Inc. (BBBY) is an interesting player in the Services space, with a focus on Home Furnishing Stores. The stock has been active on the tape, currently trading at $23.09, down from yesterday’s close by -2.04%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

No amount of research is complete without a bird’s eye view of the financial data. Bed Bath & Beyond Inc. (BBBY) currently trades with a market capitalization of $3.41 Billion. That value represents a market adjusting for revenues that have been falling by -1.74 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For BBBY, the company currently has $464.06 Million of cash on the books. You can get a sense of how sustainable that is by a levered free cash flow of $591.31 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.37 on a per share basis this quarter. Perhaps, that suggests something about why 97.73% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, Bed Bath & Beyond Inc. recorded a 52-week high of $48.83. It is now trading 25.74% off that level. The stock is trading $21.41 its 50-day moving average by -1.68%. The stock carved out a 52-week low down at $19.07.

In recent action, Bed Bath & Beyond Inc. (BBBY) has made a move of +19.89% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 17.32, and it’s gotten there by action that has been more volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 16.59% with $138.20 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BBBY.

Previous articleTaking a Fresh Look at Antero Resources Corporation (AR)
Next articleDrilling Down Into EOG Resources, Inc. (EOG)