A new trading day began on Monday, with Best Buy Co. Inc (NYSE: BBY) stock price up 2.11% from the previous day of trading, before settling in for the closing price of $90.90. BBY’s price has ranged from $62.30 to $103.71 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged -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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Retail Industry. The insider ownership of Best Buy Co. Inc is 7.96%, while institutional ownership is 84.61%. 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) Performance Highlights and Predictions
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
Here are Best Buy Co. Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.34. 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 14.61.
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 2.57 million. That was inferior than the volume of 2.99 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 39.12%. Additionally, its Average True Range was 2.11.
During the past 100 days, Best Buy Co. Inc’s (BBY) raw stochastic average was set at 56.72%, which indicates a significant increase from 34.09% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.54% in the past 14 days, which was lower than the 32.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $96.68, while its 200-day Moving Average is $84.17. However, in the short run, Best Buy Co. Inc’s stock first resistance to watch stands at $94.26. Second resistance stands at $95.70. The third major resistance level sits at $97.21. If the price goes on to break the first support level at $91.30, it is likely to go to the next support level at $89.79. Assuming the price breaks the second support level, the third support level stands at $88.35.
Best Buy Co. Inc (NYSE: BBY) Key Stats
With a market capitalization of 20.03 billion, the company has a total of 214,725K Shares Outstanding. Currently, annual sales are 43,452 M while annual income is 1,241 M. The company’s previous quarter sales were 9,288 M while its latest quarter income was 291,000 K.
