The BBBY stock price fluctuated between $13.93 and $14.68 throughout the trading session with the volume trading being 5M shares, which represented a positive variation when compared to the three months average volume of 4M shares.
The share price of Bed Bath & Beyond Inc. (NasdaqGS:BBBY) dipped -2.98% to close Friday’s market session at $13.99, lower as compared to yesterday’s close which brings the market valuation of the company to $1.4B.
The 52-week high for the Bed Bath & Beyond Inc.’s shares is $53.90. That puts it -74.03% from that peak and very close to a 52-week low of $13.92, while the S&P 500’s share price change was of 29%.
What does the trading volume tell us about the BBBY stock?
During the last trading session, Bed Bath & Beyond Inc. (NasdaqGS:BBBY) has seen decay in its daily volume. The daily volume was of 4M, while in the last 10 days the average was 5.88M and last three months – 4.1M.
The decreasing interest in the BBBY stock from the investors is helping to drive the stock price down.
Growing short interest
The Bed Bath & Beyond Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 22.06M shares being shorted which translates into 9.87 of a short ratio for BBBY, while in the previous month the shorted shares were 21.27M.
Bed Bath & Beyond Inc.’s (NasdaqGS:BBBY) financials
With a market cap of $1.4B, Bed Bath & Beyond Inc. holds a total cash of $1.13B that translates into $10.85 per share, while the total debt is of $3.06B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 49.40%. The current revenue is of $9.88B that is $84.29 per share.
This is a great sign for a bright future.