Should I Buy BBBY Stock? [Forecast 2023]

SubhMantra Presents

Bed Bath & Beyond Inc.

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The company sells bedding and bath goods, kitchen textiles, basic household goods, consumables, and various juvenile products.

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Investors are worried about the recent volatility in Bed Bath & Beyond's stock.

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If reports are to be believed, market experts are considering the company on the verge of bankruptcy.

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Certainly if you look at the financial condition of the company, you will find that it is in a bad shape.

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Stock Earnings

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Let's look at the technical aspects regarding BBBY share price amid bankruptcy fears.

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BBBY stock has been in a downtrend for a long time. Stock has given negative return of 82% in 2022.

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BBBY Stock Price Today

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On the weekly chart, BBBY stock is facing a key resistance at the 20-SMA of $4.38.

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However, the trend has turned positive on the daily chart and is taking support at the 50-day EMA.

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BBBY Stock Forecast 2023

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Only on a move above $3.38, Stock could move to 4.42-6.52-12.22-33.77.

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Only on downside below $2.09, the stock could move to 1.60-1.08-0.58-0.

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Since the share price is trading above $3.38. Hence the stock is in buy as per stock calculator with strict stoploss of $2.66.

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Thanks for Watching

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SubhMantra Presents

Should I Buy BBBY Stock? [Forecast 2023 - If Not Bankrupt!]

By Arpi Sinha

Jan 18, 2023

Image Source: Unsplash

Bed Bath & Beyond Inc.

An American chain of domestic merchandise retail stores, founded in 1971, operates according its name.

Image Source: Unsplash

The company sells bedding and bath goods, kitchen textiles, basic household goods, consumables, and various juvenile products.

Image Source: Unsplash

Investors are worried about the recent volatility in Bed Bath & Beyond's stock.

Image Source: Unsplash

If reports are to be believed, market experts are considering the company on the verge of bankruptcy.

Image Source: Unsplash

Certainly if you look at the financial condition of the company, you will find that it is in a bad shape.

Image Source: Unsplash

Stock Earnings

BBBY's earnings reports for the last six quarters have miserably missed expectations.

Image Source: Unsplash

Let's look at the technical aspects regarding BBBY share price amid bankruptcy fears.

Image Source: Unsplash

BBBY stock has been in a downtrend for a long time. Stock has given negative return of 82% in 2022.

Image Source: Unsplash

BBBY Stock Price Today

The stock is currently trading at $4.10, up about 12% on January 18, 2023.

Image Source: Unsplash

On the weekly chart, BBBY stock is facing a key resistance at the 20-SMA of $4.38.

Image Source: Unsplash

However, the trend has turned positive on the daily chart and is taking support at the 50-day EMA.

Image Source: Unsplash

BBBY Stock Forecast 2023

According to the stock calculator, the volatility of the stock price for 2023 is expected to be 1.271.

Image Source: Unsplash

Only on a move above $3.38, Stock could move to 4.42-6.52-12.22-33.77.

Image Source: Unsplash

Only on downside below $2.09, the stock could move to 1.60-1.08-0.58-0.

Image Source: Unsplash

Since the share price is trading above $3.38. Hence the stock is in buy as per stock calculator with strict stoploss of $2.66.