Bath bath and beyond stock8/15/2023 ![]() ![]() Investors could stand to lose their entire investment.īuying shares of the company is nothing but a huge gamble at this point and regardless of where the stock goes, until and unless there's some reason to believe that the business is on more solid financial footing, investors are better off staying far away from Bed Bath & Beyond. ![]() While some investors are seeing this as a contrarian opportunity to take a chance on a beaten-up stock, the reality is that there is significant risk that comes with buying shares of Bed Bath & Beyond right now. There are reports that bankruptcy could be inevitable for the company as it's looking for lenders to help keep its business operating. Sales last quarter were down a whopping 33% and heading into a possible recession this year, there isn't a whole lot of hope about the business turning things around. Instrument Name Bed Bath & Beyond Instrument Symbol (BBBY-Q). At the time, the big box retailers comparable store sales and earnings were. Bed Bath & Beyond, like most meme stocks, has terrible fundamentals, with a series of losses and fast-declining revenue. That's a perilous position for the company because as of the end of November, its cash and cash equivalents totaled just $153.5 million. BBBY Stock Forecast 2023: Latest Stock Price BBBYQ price today by TradingView BBBY Stock Performance Last 1 Month: 127.2 Last 3 Months: -82.3 Last 12 Months: -96. Just over nine years ago, Bed Bath & Beyond s ( BBBY -2.24) stock closed at its all-time high of 69.76 per share. ![]() And during that time, it has burned through $607.4 million just from its day-to-day operating activities. 0.2099 market open as of Jun 16, 10:38 AM EDT +0.01 ( +7.64) 1D 5D 1M 3M YTD 1Y 3Y 5Y Max Quick compare Day Range 0.1953 0. In the trailing 12 months, Bed Bath & Beyond has incurred a net loss of nearly $1.3 billion on revenue of $6.2 billion. Can the stock be a good contrarian buy, or is there too much risk here? Concerns of bankruptcy haven't been enough of a reason to dissuade investors from taking a chance on the struggling stock. Yet while Bed Bath & Beyond has been retooling its business for the past two years under new CEO Mark Tritton, big share buybacks have become. It opened the day at 0. Bed Bath and Beyond® is committed to being the destination for home goods, offering a wide array of top-quality items in bedding, bath, home décor, furniture, beauty & fitness, luggage, and more. Bed Bath & Beyond stock performance, data by YCharts. Bed Bath & Beyond (NASDAQ:BBBY) has been a popular stock of late with retail investors. Bed Bath & Beyond (BBBY) is a leading specialty retail business based in the US. ![]()
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