What’s The Deal With Best Buy Co. Inc. (NYSE: BBY)?


The trading price of Best Buy Co. Inc. (NYSE:BBY) closed higher on Monday, June 03, closing at $86.94, 2.50% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 15.23. 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 gained 20.02% in value.

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Best Buy Co. Inc., whose market valuation is $18.81 billion at the time of this writing. The dividend yield on the company stock is 4.26%, while its Forward Dividend ratio is 3.70. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest BBY has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that BBY’s price is currently 17.34% off the SMA20 and 13.89% off the SMA50. The RSI metric on the 14-day chart is currently showing 75.37, and weekly volatility stands at 4.18%. When measured over the past 30 days, the indicator reaches 2.67%. Best Buy Co. Inc. (NYSE:BBY)’s beta value is currently sitting at 1.51, while the Average True Range indicator is currently displaying 2.60.

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 2.50% in the latest trading, and 19.26% in the past year. Best Buy Co. Inc. has a P/E ratio of 15.23.

An evaluation of the daily trading volume of Best Buy Co. Inc. (NYSE:BBY) indicates that the 3-month average is 3.21 million.

Currently, records show that 215.40 million of the company’s shares remain outstanding. The insiders hold 0.56% of outstanding shares, whereas institutions hold 85.01%. However, since the stock’s price has seen 11.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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