Best Buy Co. Inc (BBY) concluded trading on Wednesday at a closing price of $90.49, with 3.58 million shares of worth about $324.07 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 1.74% during that period and on December 04, 2024 the price saw a gain of about 1.71%. Currently the company’s common shares owned by public are about 214.72M shares, out of which, 197.63M shares are available for trading.
Stock saw a price change of 2.27% in past 5 days and over the past one month there was a price change of -2.51%. Year-to-date (YTD), BBY shares are showing a performance of 15.60% which increased to 21.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $69.29 but also hit the highest price of $103.71 during that period. The average intraday trading volume for Best Buy Co. Inc shares is 2.91 million. The stock is currently trading 0.99% above its 20-day simple moving average (SMA20), while that difference is down -3.23% for SMA50 and it goes to 5.48% higher than SMA200.
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Best Buy Co. Inc (NYSE: BBY) currently have 214.72M outstanding shares and institutions hold larger chunk of about 85.57% of that.
The stock has a current market capitalization of $19.43B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 15.46, while it has posted earnings per share of $5.85 in the same period. Its PEG reads 3.16 and has Quick Ratio of 0.22 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 3.05% while standing at 2.94% over the month.
Stock’s fiscal year EPS is expected to drop by -2.89% while it is estimated to increase by 7.30% in next year. EPS is likely to grow at an annualized rate of 4.89% 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 November 27, 2024 offering an Outperform rating for the stock and assigned a target price range of between $115 and $110 to it. Coverage by Telsey Advisory Group stated Best Buy Co. Inc (BBY) stock as an Outperform in their note to investors on August 30, 2024, suggesting a price target of $115 for the stock. On June 17, 2024, UBS Upgrade their recommendations, while on June 03, 2024, Citigroup Upgrade their ratings for the stock with a price target of $100. Stock get a Market perform rating from Telsey Advisory Group on May 23, 2024.
