Best Buy Co. Inc. (NYSE:BBY) shares, rose in value, with the stock price up by 2.19% to the previous day’s close as strong demand from buyers drove the stock to $89.16.
Actively observing the price movement in the last trading, the stock closed the session at $87.25. The PE ratio was 15.61 over 12-month period. Referring to stock’s 52-week performance, its high was $93.72, and the low was $62.30. On the whole, BBY has fluctuated by 2.24% over the past month.
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The company’s Forward Dividend Ratio is 3.72, with its dividend yield at 4.17%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BBY’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BBY currently trading nearly 3.19% and 9.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.72, while the 7-day volatility ratio is showing 2.54% which for the 30-day chart, stands at 2.53%. Furthermore, Best Buy Co. Inc. (BBY)’s beta value is 1.50, and its average true range (ATR) is 2.25.
A comparison of Best Buy Co. Inc. (BBY) with its peers suggests the former has fared considerably weaker in the market. BBY showed an intraday change of 2.19% in last session, and over the past year, it grew by 8.37%%.
Data on historical trading for Best Buy Co. Inc. (NYSE:BBY) indicates that the trading volumes over the past 3 months, they’ve averaged 3.30 million. According to company’s latest data on outstanding shares, there are 215.40 million shares outstanding.
Nearly 8.91% of Best Buy Co. Inc.’s shares belong to company insiders and institutional investors own 85.15% of the company’s shares. The stock has risen by 13.90% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBY stock heading into the next quarter.