On Monday, Best Buy Co. Inc (NYSE: BBY) opened higher 3.90% from the last session, before settling in for the closing price of $89.54. Price fluctuations for BBY have ranged from $67.80 to $103.71 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 0.58%. Company’s average yearly earnings per share was noted -1.74% at the time writing. With a float of $197.63 million, this company’s outstanding shares have now reached $215.40 million.
Let’s determine the extent of company efficiency that accounts for 85000 employees. In terms of profitability, gross margin is 22.28%, operating margin of 4.22%, and the pretax margin is 3.87%.
Best Buy Co. Inc (BBY) Insider Activity
A key investor’s attitude towards the stock of the Specialty Retail industry is another important factor to consider. The insider ownership of Best Buy Co. Inc is 7.96%, while institutional ownership is 85.55%. 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) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 1.29 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.2) by 0.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.74% 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
Check out the current performance indicators for Best Buy Co. Inc (BBY). In the past quarter, the stock posted a quick ratio of 0.34. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.49. Likewise, its price to free cash flow for the trailing twelve months is 15.08.
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 6.83 in one year’s time.
Technical Analysis of Best Buy Co. Inc (BBY)
Looking closely at Best Buy Co. Inc (NYSE: BBY), its last 5-days average volume was 4.69 million, which is a jump from its year-to-date volume of 3.03 million. As of the previous 9 days, the stock’s Stochastic %D was 48.91%. Additionally, its Average True Range was 2.69.
During the past 100 days, Best Buy Co. Inc’s (BBY) raw stochastic average was set at 57.55%, which indicates a significant decrease from 75.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.86% in the past 14 days, which was higher than the 32.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $94.60, while its 200-day Moving Average is $85.33. However, in the short run, Best Buy Co. Inc’s stock first resistance to watch stands at $95.02. Second resistance stands at $97.02. The third major resistance level sits at $98.54. If the price goes on to break the first support level at $91.50, it is likely to go to the next support level at $89.98. Should the price break the second support level, the third support level stands at $87.98.
Best Buy Co. Inc (NYSE: BBY) Key Stats
There are currently 214,725K shares outstanding in the company with a market cap of 20.68 billion. Presently, the company’s annual sales total 43,452 M according to its annual income of 1,241 M. Last quarter, the company’s sales amounted to 9,288 M and its income totaled 291,000 K.
