Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Best Buy Co. Inc’s current trading price is -16.39% away from its 52-week high, while its distance from the 52-week low is 25.14%. The stock’s price range over this period has fluctuated between $69.29 and $103.71. The company, operating within the financial sector, had a trading volume of approximately 5.3 million for the day, which was noticeably higher than the average daily share volume of 2.94 million over the last 3 months.
Best Buy Co. Inc experienced a somewhat steady performance in the stock market. The company’s stock reached a 1-year high of $103.71 on 08/29/24, while the lowest price for the same period was registered at $69.29 on 05/23/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Best Buy Co. Inc (BBY) has experienced a quarterly decline of -11.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 18.54B and boasts a workforce of 85000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 91.93, with a change in price of -1.89. Similarly, Best Buy Co. Inc recorded 2,960,373 in trading volume during the last 100 days, posting a change of -2.13%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for BBY stands at 1.32. Similarly, the long-term debt-to-equity ratio is also 1.12.
BBY Stock Stochastic Average
Today’s raw stochastic average for Best Buy Co. Inc over the last 50 days is 15.03%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 24.83%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 30.74% and 39.63%, respectively.
BBY Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. Year to date metric has recorded a gain of 10.77%.However, over the last six months, we can see a stronger performance of -0.46%. Over the last 30 days, the price of BBY has leaped by -2.79%. And in the last five days, it has fallen by -2.54%.
