Best Buy Co. Inc. [NYSE: BBY] traded at a high on Wednesday, posting a 2.19 gain after which it closed the day’ session at $89.16.
The results of the trading session contributed to over 3958565 shares changing hands. Over the past one week, the price volatility of Best Buy Co. Inc. stands at 2.54% while the volatility over the past one month is 2.53%.
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The market cap for BBY stock reached $19.23 billion, with 215.40 million shares outstanding and 196.50 million shares in the current float. Compared to the average trading volume of 3.30M shares, BBY reached a trading volume of 3958565 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $89.38 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 2.41. 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.
UBS have made an estimate for Best Buy Co. Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 17, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $67 to $100. The new note on the price target was released on June 03, 2024, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another raise to $95, while Telsey Advisory Group analysts kept a Market Perform rating on BBY stock. On April 08, 2024, analysts decreased their price target for BBY shares from 95 to 94.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 2.25, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.45. The Price to Book ratio for the last quarter was 6.25, with the Price to Cash per share for the same quarter was set at 7.93. Price to Free Cash Flow for BBY in the course of the last twelve months was 15.84 with Quick ratio for the last quarter at 0.33.
How has BBY stock performed recently?
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 4.20. With this latest performance, BBY shares gained by 2.24% in over the last four-week period, additionally plugging by 24.07% over the last 6 months – not to mention a rise of 8.37% 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 62.72, with the RSI for the last a single of trading hit 67.29, and the three-weeks RSI is set at 60.82 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 82.00, while it was recorded at 86.84 for the last single week of trading, and 75.85 for the last 200 days.
Best Buy Co. Inc. [BBY]: Deeper insight into the 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 analysis for Best Buy Co. Inc. [BBY]
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%.
Insider trade positions for Best Buy Co. Inc. [BBY]
The top three institutional holders of BBY stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BBY stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BBY stock with ownership which is approximately 5.1238%.
