Best Buy Co. Inc (NYSE:BBY) shares, rose in value, with the stock price down by -0.97% to the previous day’s close as strong demand from buyers drove the stock to $71.52.
Actively observing the price movement in the last trading, the stock closed the session at $72.22. The PE ratio was 16.73 over 12-month period. Referring to stock’s 52-week performance, its high was $103.71, and the low was $54.99. On the whole, BBY has fluctuated by 5.99% over the past month.
With the market capitalization of Best Buy Co. Inc currently standing at about $15.14 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.77, with its dividend yield at 5.27%.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.99, with the price of BBY currently trading nearly 1.64% and 4.48% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.64, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 2.06%. Furthermore, Best Buy Co. Inc (BBY)’s beta value is 1.31, and its average true range (ATR) is 2.40.
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 -0.97% in last session, and over the past year, it grew by 2.71%%.
Data on historical trading for Best Buy Co. Inc (NYSE:BBY) indicates that the trading volumes over the past 3 months, they’ve averaged 4.31 million. According to company’s latest data on outstanding shares, there are 211.40 million shares outstanding.
Nearly 7.99% of Best Buy Co. Inc’s shares belong to company insiders and institutional investors own 86.75% of the company’s shares. The stock has fallen by -16.64% 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.
