Bed Bath & Beyond Inc. [NASDAQ:BBBY] price is worthing noting Wednesday. The current price is $20.99 with a high of $21.45 and $20.34. Analysts see the the current price target is $18.69.
To ground this price against the rest of the market, over the last two 52 weeks, the company is trading 109.65%, while the S&P 500 is trading 0.55%. Traders should note that the company’s next earning date is 01/13/2021. The company has price per sales of 0.24 and price per cash flow of 12.77.
Wait and see
Holding a Market Cap of $2.39 billion, Bed Bath & Beyond Inc. has seen a trading range over the last year of $3.43-$22.12.
For the last five days, BBBY is up from its last closing price. The average shares trading hands each day is 11.66M, with average 10-day volume coming in at 24.43 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BBBY. When we apply the Elder Force Index to Bed Bath & Beyond Inc., we are seeing an Elder Force Indicator number of 213970.96.
The recent performance of the stock is another area that can tell traders how to proceed. BBBY is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 30.98. Moreover, the company’s enterprise value has gone from $3.30B to $4.17B quarter-over-quarter. This could be an inflection point for the company, but either way we believe you should be adding them to your watchlist.
In the last quarter, BBBY made a profit of 987.54 million. Bed Bath & Beyond Inc. also saw quarter revenue growth year over year of -7.23%. In addition, the company has operating cash flow of $483.9 million.
Looking at popular technical indicators, the company’s 5-day moving average is 20.59 compared to the 50-day moving average of 13.73. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BBBY currently holds a 9-day RSI of 84.15%, while 100-day RSI stands at 60.57%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BBBY’s 9-day MACD is 2.17 and the company’s 100-day MACD stands at 9.43.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 5.07% by insiders and 114.55% by institutions. Regarding institutional holdings, Blackrock Inc. owns 15.87%, while the second top holder, FMR, LLC, currently owns 12.49%.
Over the last six months, insiders have bought 34,000 with the most recent transaction from GOVE SUE, Director, with a purchase at price 7.89 per share.
Overall, the recommended rating for BBBY is Moderate Buy. Currently, the company has 14 analysts watching the stock, and the average quarterly earnings estimate is 0.14. Quarterly revenue estimates are averaging 2.78B with the high estimate reaching 2.85B and the low at 2.67B.
To review, the current 1-year target estimate is sitting at 14.54, while the current price 20.99. Based on this, we expect some pullback on the stock over time given our above analysis.