The trading price of Best Buy Co. Inc. (NYSE:BBY) closed lower on Tuesday, April 23, closing at $75.04, -0.11% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 13.19. In examining the 52-week price action we see that the stock hit a 52-week high of $86.11 and a 52-week low of $62.30. Over the past month, the stock has lost -8.11% in value.
Best Buy Co. Inc., whose market valuation is $16.16 billion at the time of this writing. The dividend yield on the company stock is 4.93%, while its Forward Dividend ratio is 3.70. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.08 per share this quarter, however they have predicted annual earnings per share of 6.03 for current year and 6.72 for next year.
Analysts have forecast the company to bring in revenue of 8.98B for the current quarter, with the likely lows of 8.91B and highs of 9.18B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 42.04B.
On the technical side, indicators suggest BBY has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that BBY’s price is currently -5.01% off the SMA20 and -3.62% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.78, and weekly volatility stands at 2.11%. When measured over the past 30 days, the indicator reaches 2.32%. Best Buy Co. Inc. (NYSE:BBY)’s beta value is currently sitting at 1.51, while the Average True Range indicator is currently displaying 2.00.
To see how Best Buy Co. Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: BBY stock’s performance was -0.11% in the latest trading, and 3.13% in the past year. Best Buy Co. Inc. has a P/E ratio of 13.19.
An evaluation of the daily trading volume of Best Buy Co. Inc. (NYSE:BBY) indicates that the 3-month average is 3.11 million.
Currently, records show that 215.40 million of the company’s shares remain outstanding. The insiders hold 10.33% of outstanding shares, whereas institutions hold 83.86%. However, since the stock’s price has seen -4.14% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
