Best Buy Co. Inc. (NYSE: BBY) kicked off on Monday, down -2.19% from the previous trading day, before settling in for the closing price of $78.00. Over the past 52 weeks, BBY has traded in a range of $62.30-$86.11.
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Consumer Cyclical Sector giant saw their annual sales surged by 0.58% over the last five years. While this was happening, its average annual earnings per share was recorded -5.42%. With a float of $192.65 million, this company’s outstanding shares have now reached $215.40 million.
The firm has a total of 85000 workers. Let’s measure their productivity.
Best Buy Co. Inc. (BBY) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Specialty Retail Industry. The insider ownership of Best Buy Co. Inc. is 10.56%, while institutional ownership is 83.53%. The most recent insider transaction that took place on Apr 09 ’24, was worth 290,154. In this transaction SVP, Controller & CAO of this company sold 3,520 shares at a rate of $82.43, taking the stock ownership to the 22,118 shares. Before that another transaction happened on Mar 22 ’24, when Company’s CEO sold 28,042 for $81.80, making the entire transaction worth $2,293,695. This insider now owns 429,159 shares in total.
Best Buy Co. Inc. (BBY) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -5.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -1.10% during the next five years compared to 1.77% growth over the previous five years of trading.
Best Buy Co. Inc. (NYSE: BBY) Trading Performance Indicators
Take a look at Best Buy Co. Inc.’s (BBY) current performance indicators. Last quarter, stock had a quick ratio of 0.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.38. Likewise, its price to free cash flow for the trailing twelve months is 24.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.69, a number that is poised to hit 1.08 in the next quarter and is forecasted to reach 6.71 in one year’s time.
Technical Analysis of Best Buy Co. Inc. (BBY)
Analysing the last 5-days average volume posted by the [Best Buy Co. Inc., BBY], we can find that recorded value of 3.22 million was better than the volume posted last year of 3.05 million. As of the previous 9 days, the stock’s Stochastic %D was 17.37%. Additionally, its Average True Range was 2.24.
During the past 100 days, Best Buy Co. Inc.’s (BBY) raw stochastic average was set at 57.65%, which indicates a significant increase from 3.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.79% in the past 14 days, which was lower than the 27.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $77.80, while its 200-day Moving Average is $74.94. Now, the first resistance to watch is $78.56. This is followed by the second major resistance level at $80.84. The third major resistance level sits at $82.09. If the price goes on to break the first support level at $75.03, it is likely to go to the next support level at $73.78. Should the price break the second support level, the third support level stands at $71.50.
Best Buy Co. Inc. (NYSE: BBY) Key Stats
The company with the Market Capitalisation of 16.43 billion has total of 215,381K Shares Outstanding. Its annual sales at the moment are 43,452 M in contrast with the sum of 1,241 M annual income. Company’s last quarter sales were recorded 14,646 M and last quarter income was 460,000 K.
