Best Buy Co. Inc. [NYSE: BBY] loss -0.62% or -0.61 points to close at $98.46 with a heavy trading volume of 2897267 shares.
The daily chart for BBY points out that the company has recorded 25.28% gains over the past six months.
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If we look at the average trading volume of 3.02M shares, BBY reached to a volume of 2897267 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $105.79 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 2.29. 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 Outperform, with their previous recommendation back on August 30, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $85 to $106. The new note on the price target was released on June 17, 2024, representing the official price target for Best Buy Co. Inc. stock. Previously, the target price had yet another raise from $67 to $100, while Citigroup kept a Buy rating on BBY stock.
The Average True Range (ATR) for Best Buy Co. Inc. is set at 2.51, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 6.81, with the Price to Cash per share for the same quarter was set at 8.59. Price to Free Cash Flow for BBY in the course of the last twelve months was 15.42 with Quick ratio for the last quarter at 0.34.
Trading performance analysis for BBY stock
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 0.73. With this latest performance, BBY shares gained by 16.19% in over the last four-week period, additionally plugging by 25.28% over the last 6 months – not to mention a rise of 37.82% 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 63.72, with the RSI for the last a single of trading hit 62.20, and the three-weeks RSI is set at 63.10 for Best Buy Co. Inc. [BBY]. The present Moving Average for the last 50 days of trading for this stock 89.64, while it was recorded at 98.85 for the last single week of trading, and 80.77 for the last 200 days.
Best Buy Co. Inc. [BBY]: A deeper dive into fundamental analysis
Best Buy Co. Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.34 and a Current Ratio set at 1.01.
Best Buy Co. Inc. [BBY]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Best Buy Co. Inc. [BBY]
There are presently around $86.13%, or 94.35%% of BBY stock, in the hands of institutional investors. The top three institutional holders of BBY stocks are: BLACKROCK INC. with ownership of 23.27 million shares, which is approximately 10.7649%. VANGUARD GROUP INC, holding 22.53 million shares of the stock with an approximate value of $$1.9 billion in BBY stocks shares; and VANGUARD GROUP INC, currently with $$1.15 billion in BBY stock with ownership which is approximately 6.2347%.
