Best Buy Co. Inc. [NYSE: BBY] surged by $9.65 during the normal trading session on while it closed the day at $81.55.
Best Buy Co. Inc. stock has also gained 15.67% of its value over the past 7 days. However, BBY stock has inclined by 0.83% in the 3 months of the year. Over the past six months meanwhile, it has gained 14.83% and gained 4.18% year-on date.
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The market cap for BBY stock reached $17.64 billion, with 215.40 million shares outstanding and 215.15 million shares in the current float. Compared to the average trading volume of 2.93M shares, BBY reached a trading volume of 13928976 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Best Buy Co. Inc. [BBY]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BBY shares is $84.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BBY stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Telsey Advisory Group have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 23, 2024. While these analysts kept the previous recommendation, Jefferies dropped their target price from $95 to $94. The new note on the price target was released on April 08, 2024, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another raise from $89 to $101, while JP Morgan kept a Overweight rating on BBY stock. On March 20, 2024, analysts increased their price target for BBY shares from 85 to 95.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 2.32, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.41. The Price to Book ratio for the last quarter was 5.75, with the Price to Cash per share for the same quarter was set at 5.61. Price to Free Cash Flow for BBY in the course of the last twelve months was 14.53 with Quick ratio for the last quarter at 0.33.
BBY stock trade performance evaluation
Best Buy Co. Inc. [BBY] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 15.67. With this latest performance, BBY shares gained by 10.74% in over the last four-week period, additionally plugging by 14.83% over the last 6 months – not to mention a rise of 11.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BBY stock in for the last two-week period is set at 68.49, with the RSI for the last a single of trading hit 75.34, and the three-weeks RSI is set at 63.52 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 76.21, while it was recorded at 73.43 for the last single week of trading, and 73.71 for the last 200 days.
Best Buy Co. Inc. [BBY]: An insightful look at the core fundamentals
Best Buy Co. Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.33 and a Current Ratio set at 1.01.
Earnings per share (EPS) analysis for Best Buy Co. Inc. [BBY] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BBY. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Best Buy Co. Inc. go to -1.10%.
Best Buy Co. Inc. [BBY]: Institutional Ownership
The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in BBY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in BBY stock with ownership which is approximately 5.8386%.
