The stock price of Best Buy Co. Inc (NYSE: BBY) has dropped by -0.96 compared to previous close of 88.17. Despite this, the company has seen a fall of -3.97% in its stock price over the last five trading days. marketbeat.com reported 2024-12-09 that Best Buy Co. Inc. NYSE: BBY gave investors a lump of coal to kick off the holiday season. On November 26, the retailer delivered its third-quarter earnings report for its 2025 fiscal year.
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 14.91x. The stock has a 36-month beta value of 1.45. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 4 as “overweight,” 17 as “hold,” and 0 as “sell.”
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The public float for BBY is 197.63M, and at present, short sellers hold a 7.12% of that float. On December 10, 2024, the average trading volume of BBY was 2.94M shares.
BBY’s Market Performance
BBY’s stock has seen a -3.97% decrease for the week, with a -3.10% drop in the past month and a -9.39% fall in the past quarter. The volatility ratio for the week is 2.53%, and the volatility levels for the past 30 days are at 2.82% for Best Buy Co. Inc The simple moving average for the past 20 days is -2.36% for BBY’s stock, with a 1.55% simple moving average for the past 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 $110 based on the research report published on November 27, 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 $115, previously predicting the price at $95. The rating they have provided for BBY stocks is “Outperform” according to the report published on August 30th, 2024.
UBS gave a rating of “Buy” to BBY, setting the target price at $106 in the report published on June 17th of the current year.
BBY Trading at -5.92% 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 -15.80% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 2.53%, as shares sank -2.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.61% lower at present.
During the last 5 trading sessions, BBY fell by -3.97%, which changed the moving average for the period of 200-days by +14.47% in comparison to the 20-day moving average, which settled at $89.43. In addition, Best Buy Co. Inc saw 11.55% 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 79,829 shares at the price of $96.66 back on Sep 11 ’24. After this action, Barry Corie S now owns 358,241 shares of Best Buy Co. Inc, valued at $7,715,952 using the latest closing price.
Barry Corie S, the Officer of Best Buy Co. Inc, proposed sale 79,829 shares at $96.66 during a trade that took place back on Sep 11 ’24, which means that Barry Corie S is holding shares at $7,715,953 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 43.09, with 7.49 for asset returns.
Based on Best Buy Co. Inc (BBY), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.43. The debt to equity ratio resting at 1.12. The interest coverage ratio of the stock is -73.96.
Currently, EBITDA for the company is 2.6 billion with net debt to EBITDA at 1.73. When we switch over and look at the enterprise to sales, we see a ratio of 0.53. The receivables turnover for the company is 45.31for trailing twelve months and the total asset turnover is 2.48. 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 mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
