BNED Stock Summary and Trading Ideas (Barnes & Noble Education | NYSE:BNED)

Barnes & Noble Education Inc is an operator of bookstores in college and university campuses across the United States. The company is also engaged in providing digital education services. It operates in three reportable segments that include Retail offers existing and prospective clients the flexibility of physical, virtual, or custom store solutions, and wholesale is comprised of the wholesale and virtual retail fulfillment, and support operations of the MBS subsidiary, also Corporate Services represent unallocated shared-service costs which include corporate level expenses and other governance functions, including executive functions, such as accounting, legal, treasury, information technology, and human resources. It earns majority of the revenue from Retail segment.

Barnes & Noble Education trades on the NYSE stock market under the symbol BNED.

As of November 29, 2024, BNED stock price declined to $10.94 with 141,510 million shares trading.

BNED has a beta of 2.98, meaning it tends to be more sensitive to market movements. BNED has a correlation of 0.03 to the broad based SPY ETF.

BNED has a market cap of $298.51 million. This is considered a Small Cap stock.

Last quarter Barnes & Noble Education reported $263 million in Revenue and -$3.07 earnings per share. This fell short of revenue expectation by $-359 million and exceeded earnings estimates by $77.93.

In the last 3 years, BNED traded as high as $974.00 and as low as $6.05.

The top ETF exchange traded funds that BNED belongs to (by Net Assets): VTI, VXF, PRFZ, ITOT, AVSC.

BNED has underperformed the market in the last year with a return of -90.6%, while the SPY ETF gained +34.1%. In the last 3 month period, BNED fell short of the market, returning -17.2%, while SPY returned +7.6%. However, in the most recent 2 weeks BNED has outperformed the stock market by returning +11.4%, while SPY returned +0.9%.

BNED support price is $10.28 and resistance is $11.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNED shares will trade within this expected range on the day.