Best Buy Co. Inc. (BBY) concluded trading on Tuesday at a closing price of $93.63, with 5.48 million shares of worth about $512.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.09% during that period and on June 18, 2024 the price saw a gain of about 2.60%. Currently the company’s common shares owned by public are about 215.40M shares, out of which, 196.58M shares are available for trading.
Stock saw a price change of 7.48% in past 5 days and over the past one month there was a price change of 27.65%. Year-to-date (YTD), BBY shares are showing a performance of 19.61% which increased to 17.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.30 but also hit the highest price of $91.85 during that period. The average intraday trading volume for Best Buy Co. Inc. shares is 3.18 million. The stock is currently trading 14.48% above its 20-day simple moving average (SMA20), while that difference is up 20.13% for SMA50 and it goes to 25.84% higher than SMA200.
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Best Buy Co. Inc. (NYSE: BBY) currently have 215.40M outstanding shares and institutions hold larger chunk of about 85.34% of that.
The stock has a current market capitalization of $20.20B and its 3Y-monthly beta is at 1.51. PE ratio of stock for trailing 12 months is 16.40, while it has posted earnings per share of $5.71 in the same period. It has Quick Ratio of 0.33 while making debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BBY, volatility over the week remained 3.12% while standing at 2.81% over the month.
Stock’s fiscal year EPS is expected to drop by -4.45% while it is estimated to increase by 10.36% in next year. EPS is likely to shrink at an annualized rate of -1.10% for next 5-years, compared to annual growth of 1.77% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by UBS on June 17, 2024 offering a Buy rating for the stock and assigned a target price range of between $85 and $106 to it. Coverage by Citigroup stated Best Buy Co. Inc. (BBY) stock as a Buy in their note to investors on June 03, 2024, suggesting a price target of $100 for the stock. On May 23, 2024, Telsey Advisory Group Downgrade their recommendations, while on April 08, 2024, Jefferies Reiterated their ratings for the stock with a price target of $94. Stock get an Overweight rating from JP Morgan on March 22, 2024.
