Best Buy Co. Inc. (NYSE:BBY) went up by 0.24% from its latest closing price compared to the recent 1-year high of $141.97. The company’s stock price has collected 0.62% of gains in the last five trading sessions. Press Release reported on 01/07/22 that MANSCAPED(TM) Announces Participation in the ICR Conference 2022
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 9.97 x from its present earnings ratio. Plus, the 36-month beta value for BBY is at 1.55.
BBY currently public float of 222.41M and currently shorts hold a 4.45% ratio of that float. Today, the average trading volume of BBY was 3.04M shares.
BBY’s Market Performance
BBY stocks went up by 0.62% for the week, with a monthly drop of -1.56% and a quarterly performance of -5.63%, while its annual performance rate touched -7.25%. The volatility ratio for the week stands at 3.58% while the volatility levels for the past 30 days are set at 2.83% for Best Buy Co. Inc.. The simple moving average for the period of the last 20 days is 1.98% for BBY stocks with a simple moving average of -9.90% for the last 200 days.
Analysts’ Opinion of BBY
Many brokerage firms have already submitted their reports for BBY stocks, with Piper Sandler repeating the rating for BBY by listing it as a “Overweight.” The predicted price for BBY in the upcoming period, according to Piper Sandler is $150 based on the research report published on September 27th of the previous year 2021.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see BBY reach a price target of $140, previously predicting the price at $130. The rating they have provided for BBY stocks is “Outperform” according to the report published on May 28th, 2021.
Wedbush gave a rating of “Neutral” to BBY, setting the target price at $125 in the report published on April 26th of the previous year.
BBY Trading at -9.34% 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 -27.63% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 3.58%, as shares sank -1.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.17% lower at present.
During the last 5 trading sessions, BBY rose by +0.62%, which changed the moving average for the period of 200-days by -13.84% in comparison to the 20-day moving average, which settled at $100.70. In addition, Best Buy Co. Inc. saw 1.13% 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 DOYLE J PATRICK, who purchase 20,000 shares at the price of $104.47 back on Dec 03. After this action, DOYLE J PATRICK now owns 51,856 shares of Best Buy Co. Inc., valued at $2,089,400 using the latest closing price.
Bass Robert L, the Chief SC & Global Prop Officer of Best Buy Co. Inc., sale 5,823 shares at $110.51 during a trade that took place back on Oct 13, which means that Bass Robert L is holding 104,802 shares at $643,471 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 60.90, with 14.00 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 0.44, 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.