Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Best Buy Co. Inc’s current trading price is -28.48% away from its 52-week high, while its distance from the 52-week low is 7.05%. The stock’s price range during this period has varied between $69.29 and $103.71. The company, active in the Consumer Cyclical sector, saw a trading volume of around 6.34 million for the day, considerably higher average daily volume of 2.7 million observed over the last three months.
Best Buy Co. Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $103.71 on 08/29/24, and the lowest price during the same period was recorded at $69.29 on 05/23/24.
How Financial Performance Impacts Market Capitalization
Best Buy Co. Inc (BBY) has experienced a quarterly decline of -15.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 15.86B and boasts a workforce of 85000 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 88.75, with a change in price of -23.01. Similarly, Best Buy Co. Inc recorded 2,874,897 in trading volume during the last 100 days, posting a change of -23.52%.
How BBY’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation 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
As of today, the raw stochastic average of Best Buy Co. Inc over the past 50 days is 6.17%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 6.17%. Additionally, the Stochastic %K and %D values for the company were 47.56% and 65.84%, respectively, over the past 20 days.
BBY Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -13.55%.However, over the last six months, we can see a stronger performance of -25.96%. Over the last 30 days, the price of BBY has leaped by -13.61%. And in the last five days, it has fallen by -17.66%.
