Barnes & Noble Education Inc (NYSE: BNED): Stock Forecast For 2024 Remains Weak With A Downward Revision Of 35.3%

In the last trading session, 1.4 million shares of the Barnes & Noble Education Inc (NYSE:BNED) were traded, and its beta was 2.01. Most recently the company’s share price was $0.23, and it changed around -$0.01 or -1.40% from the last close, which brings the market valuation of the company to $12.38M. BNED currently trades at a discount to its 52-week high of $2.26, offering almost -882.61% off that amount. The share price’s 52-week low was $0.18, which indicates that the current value has risen by an impressive 21.74% since then. We note from Barnes & Noble Education Inc’s average daily trading volume that its 3-month average coming to 1.28 million.

Barnes & Noble Education Inc stock received a consensus recommendation rating of Buy, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended BNED as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Barnes & Noble Education Inc is expected to report earnings per share of $BNKD for the current quarter.

Barnes & Noble Education Inc (NYSE:BNED) trade information

Instantly BNED has showed a red trend with a performance of -1.40% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -84.38% year-to-date, but still down -67.32% over the last five days. On the other hand, Barnes & Noble Education Inc (NYSE:BNED) is -62.15% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $2.38, which translates to bulls needing to increase their stock price by 90.34% from its current value. Analyst projections state that BNED is forecast to be at a low of $0.75 and a high of $4.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 18.50%. Barnes & Noble Education Inc earnings are expected to increase by 57.12% in 2024, but the outlook is positive 20.00% per year for the next five years.