Best Buy Co. Inc. (NYSE:BBY) Relative Strength Index (RSI) is 53.16, with weekly volatility at 3.45% and ATR at 3.19. The BBY stock’s 52-week price range has touched low of $73.59 and a $128.57 high. Intraday shares traded counted 1.68 million, which was 36.39% higher than its 30-day average trading volume of 2.64M. Its shares traded higher over the last trading session, gaining 1.17% on 05/14/21. The shares fell to a low of $118.97 before closing at $120.39. BBY’s previous close was $119.00 while the outstanding shares total 260.50M. The firm has a beta of 1.54, a 12-month trailing P/E ratio of 17.63, and a growth ratio of 1.83.
Investors have identified the Specialty Retail company Best Buy Co. Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $29.80 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Best Buy Co. Inc. (BBY) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For BBY, the company has in raw cash 5.49 billion on their books with 124.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 12.54 billion total, with 10.52 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 8.05 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on BBY sounds very interesting.
Is the stock of BBY attractive?
In related news, SVP, Finance-Controller & CAO, Watson Mathew sold 2,257 shares of the company’s stock in a transaction that recorded on May 10. The sale was performed at an average price of 125.00, for a total value of 282,125. As the sale deal closes, the Chief Digital & Tech Officer, Tilzer Brian A now sold 3,220 shares of the company’s stock, valued at 394,856. Also, GC, Chief Risk Officer, Hartman Todd G. sold 1,166 shares of the company’s stock in a deal that was recorded on Apr 22. The shares were price at an average price of 119.51 per share, with a total market value of 139,344. Following this completion of acquisition, the Chairman Emeritus, SCHULZE RICHARD M now holds 2,568 shares of the company’s stock, valued at 310,189. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.
11 out of 29 analysts covering the stock have rated it a Buy, while 13 have maintained a Hold recommendation on Best Buy Co. Inc.. 2 analysts has assigned a Sell rating on the BBY stock. The 12-month mean consensus price target for the company’s shares has been set at $116.50.