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: Retail, wholesale, and Corporate Services.

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

As of May 10, 2024, BNED stock price declined to $0.29 with 1,896,666 million shares trading.

BNED has a beta of 0.94, meaning it tends to be less sensitive to market movements. BNED has a correlation of 0.01 to the broad based SPY ETF.

BNED has a market cap of $15.46 million. This is considered a Sub-Micro Cap stock.

Last quarter Barnes & Noble Education reported $457 million in Revenue and -$.01 earnings per share. This beat revenue expectation by $10 million and missed earnings estimates by -$.02.

In the last 3 years, BNED stock traded as high as $12.01 and as low as $.18.

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

BNED has underperformed the market in the last year with a return of -82.4%, while the SPY ETF gained +27.8%. In the last 3 month period, BNED fell short of the market, returning -64.3%, while SPY returned +4.2%. However, in the most recent 2 weeks BNED has outperformed the stock market by returning +46.2%, while SPY returned +2.5%.

BNED support price is $.28 and resistance is $.35 (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 stock will trade within this expected range on the day.