Barnes & Noble Education Inc (NYSE:BNED) has a beta value of 1.85 and has seen 1.21 million shares traded in the last trading session. The company, currently valued at $33.11M, closed the last trade at $0.62 per share which meant it gained $0.01 on the day or 1.93% during that session. The BNED stock price is -264.52% off its 52-week high price of $2.26 and 3.23% above the 52-week low of $0.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.99 million shares traded. The 3-month trading volume is 1.22 million shares.
Barnes & Noble Education Inc (NYSE:BNED) trade information
Sporting 1.93% in the green in last session, the stock has traded in the red over the last five days, when the BNED stock price touched $0.62 or saw a rise of 23.46%. Year-to-date, Barnes & Noble Education Inc shares have moved -58.19%, while the 5-day performance has seen it change -31.48%. Over the past 30 days, the shares of Barnes & Noble Education Inc (NYSE:BNED) have changed -25.18%. Short interest in the company has seen 1.12 million shares shorted with days to cover at 1.2.
Barnes & Noble Education Inc (BNED) estimates and forecasts
The company’s shares have lost -40.11% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 2.10%.
2 analysts offering their estimates for the company have set an average revenue estimate of $252.55 million for the current quarter. 2 have an estimated revenue figure of $271.19 million for the next quarter concluding in Jul 2024. Year-ago sales stood $215.19 million and $255.96 million respectively for this quarter and the next, and analysts expect sales will grow by 17.40% for the current quarter and 6.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 18.50% over the past 5 years. Earnings growth for 2024 is a modest 57.12% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
BNED Dividends
Barnes & Noble Education Inc is expected to release its next earnings report on March 07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Barnes & Noble Education Inc (NYSE:BNED)’s Major holders
Insiders own 27.74% of the company shares, while shares held by institutions stand at 37.45% with a share float percentage of 51.83%. Investors are also buoyed by the number of investors in a company, with Barnes & Noble Education Inc having a total of 72 institutions that hold shares in the company. The top two institutional holders are Greenhaven Road Investment Management, L.P. with over 5.15 million shares worth more than $6.49 million. As of Jun 29, 2023, Greenhaven Road Investment Management, L.P. held 9.78% of shares outstanding.
The other major institutional holder is Vanguard Group Inc, with the holding of over 1.78 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $2.24 million and represent 3.38% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Royce Opportunity Fund. As of Jun 29, 2023, the former fund manager holds about 2.27% shares in the company for having 1.2 million shares of worth $1.51 million while later fund manager owns 0.97 million shares of worth $1.22 million as of Jun 29, 2023, which makes it owner of about 1.83% of company’s outstanding stock.
