Best Buy Co. Inc. (NYSE: BBY) on Monday, plunged -3.09% from the previous trading day, before settling in for the closing price of $96.14. Within the past 52 weeks, BBY’s price has moved between $62.30 and $103.71.
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A company in the Consumer Cyclical sector has jumped its sales by 0.58% annually for the last half of the decade. The company achieved an average annual earnings per share of -1.71%. With a float of $197.63 million, this company’s outstanding shares have now reached $215.40 million.
In an organization with 85000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 22.27%, operating margin of 4.2%, and the pretax margin is 3.87%.
Best Buy Co. Inc. (BBY) Insider and Institutional Ownership
Observing investor behavior towards Specialty Retail industry stocks is more important than anything else. The insider ownership of Best Buy Co. Inc. is 7.96%, while institutional ownership is 84.56%. The most recent insider transaction that took place on Sep 11 ’24, was worth 7,715,952. In this transaction CEO of this company sold 79,829 shares at a rate of $96.66, taking the stock ownership to the 358,241 shares. Before that another transaction happened on Sep 11 ’24, when Company’s Officer proposed sale 79,829 for $96.66, making the entire transaction worth $7,715,953.
Best Buy Co. Inc. (BBY) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -1.71% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.17% 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
Best Buy Co. Inc. (BBY) is currently performing well based on its current performance indicators. A quick ratio of 0.34 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.47. Likewise, its price to free cash flow for the trailing twelve months is 14.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.80, a number that is poised to hit 1.30 in the next quarter and is forecasted to reach 6.85 in one year’s time.
Technical Analysis of Best Buy Co. Inc. (BBY)
Let’s dig in a bit further. During the last 5-days, its volume was 2.28 million. That was inferior than the volume of 3.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 12.37%. Additionally, its Average True Range was 2.23.
During the past 100 days, Best Buy Co. Inc.’s (BBY) raw stochastic average was set at 59.94%, which indicates a significant increase from 2.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.85% in the past 14 days, which was lower than the 38.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $95.22, while its 200-day Moving Average is $83.24. However, in the short run, Best Buy Co. Inc.’s stock first resistance to watch stands at $95.34. Second resistance stands at $97.51. The third major resistance level sits at $98.71. If the price goes on to break the first support level at $91.97, it is likely to go to the next support level at $90.77. The third support level lies at $88.60 if the price breaches the second support level.
Best Buy Co. Inc. (NYSE: BBY) Key Stats
Market capitalization of the company is 20.01 billion based on 215,714K outstanding shares. Right now, sales total 43,452 M and income totals 1,241 M. The company made 9,288 M in profit during its latest quarter, and 291,000 K in sales during its previous quarter.
