Best Buy Co. Inc. (NYSE:BBY) Slides -1.85 Percent In Recent Trade, What Can We Expect Next?

Best Buy Co. Inc. (NYSE:BBY) traded at $72.54 at last check on Tuesday, May 21, made a downward move of -1.85% on its previous day’s price.

Looking at the stock we see that its previous close was $73.91. The company has a trailing 12-month PE ratio of 12.76. In terms of its 52-week price range, BBY has a high of $86.11 and a low of $62.30. The company’s stock has lost about -3.43% over that past 30 days.

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Best Buy Co. Inc. has a market cap of $15.70 billion. With its Forward Dividend at 3.70 and a yield of 5.10%, the company’s investors could be anxious for the BBY stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.08, with the EPS growth for the year raised at $6.02 for 2025 and $6.68 for next year. These figures represent -5.50% and 11.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.97 billion, with a low of $8.9 billion and a high of $9.08 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2025 is expected to hit $42.02 billion, or -3.30% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BBY stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is -1.94% off its SMA20 and -5.60% from its 50-day simple moving average. The RSI (14) is pointing at 39.09 while the volatility over the past week is 2.24% and jumps to 2.19% over the past one month. The beta value is 1.47, while the average true range (ATR) is currently pointing at 1.68.

Coming back to Best Buy Co. Inc. (NYSE:BBY), we note that the average 3-month trading volume was 2.95 million. Current shares outstanding are 215.40 million.

The insiders hold 10.32% of the company’s shares while institutions hold 84.73%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -7.33% down in year-to-date price movement.

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