Evaluating the Impact of -1.80 Increase on Best Buy Co. Inc.’s (BBY) Stock

The stock of Best Buy Co. Inc. (BBY) has seen a -0.68% decrease in the past week, with a 2.89% gain in the past month, and a 2.41% flourish in the past quarter. The volatility ratio for the week is 2.04%, and the volatility levels for the past 30 days are at 2.55% for BBY.. The simple moving average for the past 20 days is 1.55% for BBY’s stock, with a 6.95% simple moving average for the past 200 days.

Is It Worth Investing in Best Buy Co. Inc. (NYSE: BBY) Right Now?

Best Buy Co. Inc. (NYSE: BBY) has a price-to-earnings ratio that is above its average at 14.10x. The stock has a 36-month beta value of 1.51. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 16 as “hold,” and 0 as “sell.”

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The public float for BBY is 192.65M, and at present, short sellers hold a 8.17% of that float. On April 03, 2024, the average trading volume of BBY was 3.11M shares.

BBY) stock’s latest price update

The stock of Best Buy Co. Inc. (NYSE: BBY) has decreased by -1.80 when compared to last closing price of 81.64.Despite this, the company has seen a loss of -0.68% in its stock price over the last five trading days. The Motley Fool reported 2024-03-31 that Altman is best known as the CEO of OpenAI, but he also led Y Combinator and a number of start-ups. He recently attracted attention for his investment in Reddit, which is valued at $600 million after it surged on its IPO.

Analysts’ Opinion of BBY

Many brokerage firms have already submitted their reports for BBY stocks, with JP Morgan repeating the rating for BBY by listing it as a “Overweight.” The predicted price for BBY in the upcoming period, according to JP Morgan is $101 based on the research report published on March 22, 2024 of the current year 2024.

Telsey Advisory Group, on the other hand, stated in their research note that they expect to see BBY reach a price target of $95, previously predicting the price at $85. The rating they have provided for BBY stocks is “Outperform” according to the report published on March 20th, 2024.

Telsey Advisory Group gave a rating of “Market Perform” to BBY, setting the target price at $85 in the report published on March 01st 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 -6.90% of loss for the given period.

Volatility was left at 2.55%, however, over the last 30 days, the volatility rate increased by 2.04%, as shares surge +3.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.92% upper at present.

During the last 5 trading sessions, BBY fell by -0.68%, which changed the moving average for the period of 200-days by +4.61% in comparison to the 20-day moving average, which settled at $79.08. In addition, Best Buy Co. Inc. saw 2.41% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at BBY starting from Barry Corie S, who sale 28,042 shares at the price of $81.80 back on Mar 22 ’24. After this action, Barry Corie S now owns 429,159 shares of Best Buy Co. Inc., valued at $2,293,695 using the latest closing price.

Bilunas Matthew M, the SEVP Enterprise Strategy & CFO of Best Buy Co. Inc., sale 8,258 shares at $81.80 during a trade that took place back on Mar 22 ’24, which means that Bilunas Matthew M is holding 90,694 shares at $675,463 based on the most recent closing price.

Stock Fundamentals for BBY

Current profitability levels for the company are sitting at:

  • 0.04 for the present operating margin
  • 0.22 for the gross margin

The net margin for Best Buy Co. Inc. stands at 0.03. The total capital return value is set at 0.25. Equity return is now at value 42.44, with 8.07 for asset returns.

Based on Best Buy Co. Inc. (BBY), the company’s capital structure generated 0.37 points at debt to capital in total, while cash flow to debt ratio is standing at 0.83. The debt to equity ratio resting at 0.58. The interest coverage ratio of the stock is 33.52.

Currently, EBITDA for the company is 2.64 billion with net debt to EBITDA at 0.96. When we switch over and look at the enterprise to sales, we see a ratio of 0.46. The receivables turnover for the company is 46.27for trailing twelve months and the total asset turnover is 2.9. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.

Conclusion

To sum up, Best Buy Co. Inc. (BBY) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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