In the last trading session, 2.56 million Barnes & Noble Education Inc (NYSE:BNED) shares changed hands as the company’s beta touched 1.73. With the company’s per share price at $8.87 changed hands at -$2.36 or -21.02% during last session, the market valuation stood at $302.06M. BNED’s last price was a discount, traded about -62.34% off its 52-week high of $14.40. The share price had its 52-week low at $7.90, which suggests the last value was 10.94% up since then. When we look at Barnes & Noble Education Inc’s average trading volume, we note the 10-day average is 0.33 million shares, with the 3-month average coming to 353.17K.
Analysts gave the Barnes & Noble Education Inc (BNED) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended BNED as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight.
Barnes & Noble Education Inc (NYSE:BNED) trade information
Instantly BNED was in red as seen at the end of in last trading. With action -20.45%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 7.26%, with the 5-day performance at -20.45% in the red. However, in the 30-day time frame, Barnes & Noble Education Inc (NYSE:BNED) is -19.44% down. Looking at the short shares, we see there were 0.9 million shares sold at short interest cover period of 2.61 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.38, meaning bulls need a downside of -272.69% from its current market value. According to analyst projections, BNED’s forecast low is 0.75 with 4 as the target high. To hit the forecast high, the stock’s price needs a 54.9% surge from its current level, while the stock would need to tank 91.54% for it to hit the projected low.
Barnes & Noble Education Inc (NYSE:BNED)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.54% of Barnes & Noble Education Inc shares while 73.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.74%. There are 73.94% institutions holding the Barnes & Noble Education Inc stock share, with SUSQUEHANNA INTERNATIONAL GROUP, LLP the top institutional holder. As of 2024-06-30, the company held 2.5187% of the shares, roughly 0.34 million BNED shares worth $2.18 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 0.8632% or 0.12 million shares worth $0.75 million as of 2024-06-30.
