In today’s recent session, 2.63 million shares of the Barnes & Noble Education Inc (NYSE:BNED) have been traded, and its beta is 1.95. Most recently the company’s share price was $0.17, and it changed around -$0.02 or -12.42% from the last close, which brings the market valuation of the company to $8.85M. BNED at last check was trading at a discount to its 52-week high of $2.26, offering almost -1229.41% off that amount. The share price’s 52-week low was $0.15, which indicates that the recent value has risen by an impressive 11.76% since then. We note from Barnes & Noble Education Inc’s average daily trading volume that its 3-month average coming to 1.72 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 -$0.38 for the current quarter.
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Barnes & Noble Education Inc (NYSE:BNED) trade information
Instantly BNED has been showing red trend so far today with a performance of -12.42% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -88.83% year-to-date, but still down -44.53% over the last five days. On the other hand, Barnes & Noble Education Inc (NYSE:BNED) is -33.44% 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 92.86% from its current value. Analyst projections state that BNED is forecast to be at a low of $0.75 and a high of $4.
Barnes & Noble Education Inc (BNED) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 42.40% in revenue this quarter, and will report an increase of 15.60% in the next quarter. The year-over-year growth rate is expected to be 2.70%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $253.77 million in revenue for the current quarter. 1 analysts expect Barnes & Noble Education Inc to make $268.32 million in revenue for the quarter ending Jul 2024. The company’s sales for the same quarters a year ago were $215.19 million and $255.96 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 17.90%. Forecasts for the next quarter put sales growth at 4.80%.
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.
