Best Buy Co. Inc [NYSE: BBY] stock went on a downward path that fall over -0.29% on Wednesday, amounting to a one-week price decrease of less than -4.33%.
Over the last 12 months, BBY stock rose by 27.40%. The one-year Best Buy Co. Inc stock forecast points to a potential upside of 16.41. The average equity rating for BBY stock is currently 2.40, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $18.63 billion, with 215.40 million shares outstanding and 197.63 million shares in the current float. Compared to the average trading volume of 2.76M shares, BBY stock reached a trading volume of 4027645 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $103.81 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 2.40. 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 2.38, with the Price to Sales ratio for BBY stock in the period of the last 12 months amounting to 0.44. The Price to Book ratio for the last quarter was 6.00, 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 13.59 with Quick ratio for the last quarter at 0.34.
BBY Stock Performance Analysis:
Best Buy Co. Inc [BBY] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.33. With this latest performance, BBY shares dropped by -7.47% in over the last four-week period, additionally plugging by 23.08% over the last 6 months – not to mention a rise of 27.40% 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 34.12, with the RSI for the last a single of trading hit 30.84, and the three-weeks RSI is set at 37.44 for Best Buy Co. Inc [BBY]. The present Moving Average for the last 50 days of trading for this stock 95.11, while it was recorded at 89.41 for the last single week of trading, and 85.11 for the last 200 days.
Insight into Best Buy Co. Inc Fundamentals:
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.
BBY Stock EPS
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 4.17%.
Best Buy Co. Inc [BBY] Institutonal Ownership Details
There are presently around $86.77%, or 95.06%% 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%.
