May 22, 2023, Best Buy Co. Inc. (NYSE: BBY) trading session started at the price of $70.26, that was -0.30% drop from the session before. During the day, the shares moved up to $71.26 and dropped to $70.2101 before settling in for the closing price of $70.53. A 52-week range for BBY has been $60.78 – $93.32.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Consumer Cyclical sector company grew by 1.90% over the past five years. When this article was written, the company’s average yearly earnings per share was at -36.10%. With a float of $200.83 million, this company’s outstanding shares have now reached $221.50 million.
Let’s look at the performance matrix of the company that is accounted for 90000 employees. In terms of profitability, gross margin is +21.22, operating margin of +4.17, and the pretax margin is +3.86.
Best Buy Co. Inc. (BBY) Insider Updates
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Best Buy Co. Inc. stocks. The insider ownership of Best Buy Co. Inc. is 0.20%, while institutional ownership is 83.00%. The most recent insider transaction that took place on Apr 14, was worth 402,655. In this transaction EVP, Omnichannel of this company sold 5,500 shares at a rate of $73.21, taking the stock ownership to the 41,489 shares. Before that another transaction happened on Mar 21, when Company’s CEO sold 25,511 for $77.95, making the entire transaction worth $1,988,582. This insider now owns 364,041 shares in total.
Best Buy Co. Inc. (BBY) Performance Highlights and Predictions
Going through the last 3-months fiscal report unveiled on the 1/30/2023, it has been observed that the corporation posted $2.61 earnings per share (EPS) during the time that was better than consensus figure (set at $2.11) by $0.5. This company achieved a net margin of +3.06 while generating a return on equity of 48.80. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -36.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -7.54% during the next five years compared to 8.50% growth over the previous five years of trading.
Best Buy Co. Inc. (NYSE: BBY) Trading Performance Indicators
You can see what Best Buy Co. Inc. (BBY) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34. Likewise, its price to free cash flow for the trailing twelve months is 151.66.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 6.30, a number that is poised to hit 1.21 in the next quarter and is forecasted to reach 7.00 in one year’s time.
Technical Analysis of Best Buy Co. Inc. (BBY)
Best Buy Co. Inc. (NYSE: BBY) saw its 5-day average volume 2.69 million, a positive change from its year-to-date volume of 2.26 million. As of the previous 9 days, the stock’s Stochastic %D was 25.95%. Additionally, its Average True Range was 1.87.
During the past 100 days, Best Buy Co. Inc.’s (BBY) raw stochastic average was set at 0.48%, which indicates a significant decrease from 2.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 31.51% in the past 14 days, which was higher than the 26.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $74.01, while its 200-day Moving Average is $76.42. Nevertheless, the first resistance level for the watch stands at $70.98 in the near term. At $71.65, the stock is likely to face the second major resistance level. The third major resistance level sits at $72.03. If the price goes on to break the first support level at $69.93, it is likely to go to the next support level at $69.55. Assuming the price breaks the second support level, the third support level stands at $68.88.
Best Buy Co. Inc. (NYSE: BBY) Key Stats
There are 218,667K outstanding shares of the company, which has a market capitalization of 15.92 billion. As of now, sales total 46,298 M while income totals 1,419 M. Its latest quarter income was 14,735 M while its last quarter net income were 495,000 K.
