Best Buy Co. Inc (NYSE: BBY) has seen a rise in its stock price by 1.79 in relation to its previous close of 85.32. However, the company has experienced a -0.72% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-23 that The persistent slide in comparable sales underscores BBY’s difficulties in stabilizing its top line amid growing competition and cautious consumer spending.
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 of 14.83x that is above its average ratio. Additionally, the 36-month beta value for BBY is 1.46. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 4 rating it as “overweight,” 18 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BBY is 196.77M and currently, short sellers hold a 6.83% ratio of that float. The average trading volume of BBY on December 26, 2024 was 3.08M shares.
BBY’s Market Performance
BBY stock saw a decrease of -0.72% in the past week, with a monthly decline of -3.00% and a quarterly a decrease of -11.23%. The volatility ratio for the week is 2.86%, and the volatility levels for the last 30 days are 2.90% for Best Buy Co. Inc (BBY). The simple moving average for the past 20 days is -1.14% for BBY’s stock, with a 0.45% 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 -3.64% 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 -16.26% of loss for the given period.
Volatility was left at 2.90%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares sank -6.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.38% lower at present.
During the last 5 trading sessions, BBY fell by -0.72%, which changed the moving average for the period of 200-days by +13.68% in comparison to the 20-day moving average, which settled at $87.85. In addition, Best Buy Co. Inc saw 10.95% 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 Bilunas Matthew M, who sale 69,166 shares at the price of $87.46 back on Dec 11 ’24. After this action, Bilunas Matthew M now owns 92,070 shares of Best Buy Co. Inc, valued at $6,048,925 using the latest closing price.
Bilunas Matthew M, the Officer of Best Buy Co. Inc, proposed sale 69,166 shares at $87.46 during a trade that took place back on Dec 11 ’24, which means that Bilunas Matthew M is holding shares at $6,048,928 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 0.57 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 1.32. The interest coverage ratio of the stock is 34.42.
Currently, EBITDA for the company is 2.6 billion with net debt to EBITDA at 1.27. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. 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
In conclusion, Best Buy Co. Inc (BBY) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
