Drilling Down Into Best Buy Co., Inc. (BBY)

Best Buy Co., Inc. (BBY) is an interesting player in the Services space, with a focus on Electronics Stores. The stock has been active on the tape, currently trading at $71.91, up from yesterday’s close by 1.10%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Best Buy Co., Inc. (BBY) currently trades with a market capitalization of $20.38 Billion. That value represents a market adjusting for revenues that have been growing by 13.95 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $1.45 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.74 on a per share basis this quarter. Perhaps, that suggests something about why 2.10% of the outstanding share supply is held by institutional investors.



Technical Analysis

It’s important to check the technicals to get a sense of how BBY has been acting. Looking at the stock’s movement on the chart, Best Buy Co., Inc. recorded a 52-week high of $78.59. It is now trading 6.68% off that level. The stock is trading $71.10 its 50-day moving average by -0.81%. The stock carved out a 52-week low down at $48.03.

In recent action, Best Buy Co., Inc. (BBY) has made a move of +3.13% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 13.33% with $239.42 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of BBY.

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