Best Buy Co. Inc. (BBY) concluded trading on Thursday at a closing price of $98.46, with 2.9 million shares of worth about $285.26 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.28% during that period and on September 19, 2024 the price saw a loss of about -0.62%. Currently the company’s common shares owned by public are about 215.40M shares, out of which, 197.63M shares are available for trading.
Stock saw a price change of 0.73% in past 5 days and over the past one month there was a price change of 16.19%. Year-to-date (YTD), BBY shares are showing a performance of 25.78% which increased to 37.82% 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 $103.71 during that period. The average intraday trading volume for Best Buy Co. Inc. shares is 3.02 million. The stock is currently trading 3.02% above its 20-day simple moving average (SMA20), while that difference is up 10.15% for SMA50 and it goes to 22.09% 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 84.70% of that.
The stock has a current market capitalization of $21.14B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 16.98, while it has posted earnings per share of $5.80 in the same period. It has Quick Ratio of 0.34 while making debt-to-equity ratio of 1.32. 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 1.84% while standing at 2.36% over the month.
Stock’s fiscal year EPS is expected to drop by -1.87% while it is estimated to increase by 9.56% 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 Telsey Advisory Group on August 30, 2024 offering an Outperform rating for the stock and assigned a target price range of between $95 and $115 to it. Coverage by UBS stated Best Buy Co. Inc. (BBY) stock as a Buy in their note to investors on June 17, 2024, suggesting a price target of $106 for the stock. On June 03, 2024, Citigroup Upgrade their recommendations, while on May 23, 2024, Telsey Advisory Group Downgrade their ratings for the stock with a price target of $95. Stock get a Buy rating from Jefferies on April 08, 2024.
