Best Buy Co. Inc (BBY) concluded trading on Wednesday at a closing price of $86.77, with 4.03 million shares of worth about $349.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.08% during that period and on November 20, 2024 the price saw a loss of about -0.29%. 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 -4.33% in past 5 days and over the past one month there was a price change of -7.47%. Year-to-date (YTD), BBY shares are showing a performance of 10.85% which increased to 27.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $62.92 but also hit the highest price of $103.71 during that period. The average intraday trading volume for Best Buy Co. Inc shares is 2.76 million. The stock is currently trading -4.21% below its 20-day simple moving average (SMA20), while that difference is down -8.77% for SMA50 and it goes to 1.95% 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 85.57% of that.
The stock has a current market capitalization of $18.63B and its 3Y-monthly beta is at 1.47. PE ratio of stock for trailing 12 months is 14.96, while it has posted earnings per share of $5.80 in the same period. Its PEG reads 3.59 and 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 2.59% while standing at 2.35% over the month.
Stock’s fiscal year EPS is expected to drop by -1.74% while it is estimated to increase by 8.92% in next year. EPS is likely to grow at an annualized rate of 4.17% 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.
