Best Buy Co. Inc. (NYSE:BBY) went down by -2.13% from its latest closing price compared to the recent 1-year high of $128.57. The company’s stock price has collected -2.61% of loss in the last five trading sessions. MarketWatch.com reported on 06/09/21 that Dow books 3rd day of losses, S&P 500 retreats from record as stocks lose ground ahead of inflation update
Is It Worth Investing in Best Buy Co. Inc. (NYSE :BBY) Right Now?
Best Buy Co. Inc. (NYSE:BBY) scored a price-to-earnings ratio above its average ratio, recording 13.19 x from its present earnings ratio. Plus, the 36-month beta value for BBY is at 1.54. Opinions of the stock are interesting as 11 analysts out of 30 who provided ratings for Best Buy Co. Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 13 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $125.63, which is $11.44 above the current price. BBY currently public float of 224.96M and currently shorts hold a 3.42% ratio of that float. Today, the average trading volume of BBY was 2.41M shares.
BBY’s Market Performance
BBY stocks went down by -2.61% for the week, with a monthly drop of -7.50% and a quarterly performance of 3.65%, while its annual performance rate touched 37.75%. The volatility ratio for the week stands at 2.36% while the volatility levels for the past 30 days are set at 2.82% for Best Buy Co. Inc.. The simple moving average for the period of the last 20 days is -3.45% for BBY stocks with a simple moving average of -0.41% for the last 200 days.
Analysts’ Opinion of BBY
Many brokerage firms have already submitted their reports for BBY stocks, with Telsey Advisory Group repeating the rating for BBY by listing it as a “Outperform.” The predicted price for BBY in the upcoming period, according to Telsey Advisory Group is $140 based on the research report published on May 28th of the current year 2021.
Wedbush, on the other hand, stated in their research note that they expect to see BBY reach a price target of $125, previously predicting the price at $135. The rating they have provided for BBY stocks is “Neutral” according to the report published on April 26th, 2021.
Citigroup gave a rating of “Sell” to BBY, setting the target price at $86 in the report published on March 09th of the current year.
BBY Trading at -4.65% from the 50-Day Moving Average
After a stumble in the market that brought BBY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.47% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.36%, as shares sank -3.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.75% lower at present.
During the last 5 trading sessions, BBY fell by -2.61%, which changed the moving average for the period of 200-days by -4.12% in comparison to the 20-day moving average, which settled at $116.38. In addition, Best Buy Co. Inc. saw 12.78% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at BBY starting from Watson Mathew, who sale 668 shares at the price of $116.09 back on Jun 07. After this action, Watson Mathew now owns 13,794 shares of Best Buy Co. Inc., valued at $77,548 using the latest closing price.
Barry Corie S, the CEO of Best Buy Co. Inc., sale 16,860 shares at $115.73 during a trade that took place back on Jun 04, which means that Barry Corie S is holding 211,556 shares at $1,951,292 based on the most recent closing price.
Stock Fundamentals for BBY
Current profitability levels for the company are sitting at:
- +5.44 for the present operating margin
- +22.25 for the gross margin
The net margin for Best Buy Co. Inc. stands at +3.80. The total capital return value is set at 31.71, while invested capital returns managed to touch 24.42. Equity return is now at value 43.60, with 9.40 for asset returns.
Based on Best Buy Co. Inc. (BBY), the company’s capital structure generated 88.99 points at debt to equity in total, while total debt to capital is 47.09. Total debt to assets is 21.41, with long-term debt to equity ratio resting at 71.18. Finally, the long-term debt to capital ratio is 37.66.
When we switch over and look at the enterprise to sales, we see a ratio of 0.57, with the company’s debt to enterprise value settled at 0.15. The receivables turnover for the company is 42.77 and the total asset turnover is 2.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.