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The Chart for Best Buy Co. Inc. (BBY) Is Flashing Mixed Signals

Best Buy Co. Inc. (NYSE:BBY) went down by -0.72% from its latest closing price compared to the recent 1-year high of $112.96. The company’s stock price has collected -0.94% of loss in the last five trading sessions. The Wall Street Journal reported on 01/10/23 that Best Buy Phone Service Irks Customers After 3G Shutdown

Is It Worth Investing in Best Buy Co. Inc. (NYSE :BBY) Right Now?

Best Buy Co. Inc. (NYSE:BBY) scored a price-to-earnings ratio above its average ratio, recording 12.49 x from its present earnings ratio. Plus, the 36-month beta value for BBY is at 1.51. Opinions of the stock are interesting as 6 analysts out of 29 who provided ratings for Best Buy Co. Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 19 rated it as “hold,” and 2 as “sell.”

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BBY currently public float of 200.83M and currently shorts hold a 5.01% ratio of that float. Today, the average trading volume of BBY was 3.00M shares.

BBY’s Market Performance

BBY stocks went down by -0.94% for the week, with a monthly jump of 3.72% and a quarterly performance of 31.14%, while its annual performance rate touched -13.29%. The volatility ratio for the week stands at 2.80% while the volatility levels for the past 30 days are set at 2.36% for Best Buy Co. Inc. The simple moving average for the period of the last 20 days is 1.22% for BBY stocks with a simple moving average of 8.37% for the last 200 days.

Analysts’ Opinion of BBY

Credit Suisse, on the other hand, stated in their research note that they expect to see BBY reach a price target of $90. The rating they have provided for BBY stocks is “Neutral” according to the report published on December 20th, 2022.

BofA Securities gave a rating of “Underperform” to BBY, setting the target price at $69 in the report published on December 14th of the previous year.

BBY Trading at 3.82% from the 50-Day Moving Average

After a stumble in the market that brought BBY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.96% of loss for the given period.

Volatility was left at 2.36%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +3.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.26% upper at present.

During the last 5 trading sessions, BBY fell by -0.94%, which changed the moving average for the period of 200-days by -8.16% in comparison to the 20-day moving average, which settled at $82.78. In addition, Best Buy Co. Inc. saw 4.26% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BBY starting from Harmon Damien, who sale 2,500 shares at the price of $79.99 back on Dec 23. After this action, Harmon Damien now owns 42,805 shares of Best Buy Co. Inc., valued at $199,975 using the latest closing price.

SCHULZE RICHARD M, the Chairman Emeritus of Best Buy Co. Inc., sale 366,100 shares at $81.94 during a trade that took place back on Nov 28, which means that SCHULZE RICHARD M is holding 590,148 shares at $29,999,014 based on the most recent closing price.

Stock Fundamentals for BBY

Equity return is now at value 53.10, with 9.50 for asset returns.

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