In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, Best Buy Co. Inc (NYSE: BBY) closed at $88.97 down -2.16% from its previous closing price of $90.93. In other words, the price has decreased by -$2.16 from its previous closing price. On the day, 3.99 million shares were traded. BBY stock price reached its highest trading level at $90.94 during the session, while it also had its lowest trading level at $88.7319.
Ratios:
For a deeper understanding of Best Buy Co. Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.71 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.55. For the most recent quarter (mrq), Quick Ratio is recorded 0.22 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.32 whereas as Long-Term Debt/Eq ratio is at 1.12.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on November 27, 2024, Reiterated its Outperform rating but revised its target price to $110 from $115 previously.
On August 30, 2024, Telsey Advisory Group reiterated its Outperform rating and also lowered its target price recommendation from $95 to $115.
UBS Upgraded its Neutral to Buy on June 17, 2024, whereas the target price for the stock was revised from $85 to $106.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 11 ’24 when Barry Corie S sold 79,829 shares for $96.66 per share. The transaction valued at 7,715,952 led to the insider holds 358,241 shares of the business.
Barry Corie S bought 79,829 shares of BBY for $7,715,953 on Sep 11 ’24. On Aug 30 ’24, another insider, Scarlett Kathleen, who serves as the SEVP, HR, Corp Affair & Canada of the company, sold 40,169 shares for $99.60 each. As a result, the insider received 4,000,732 and left with 76,972 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BBY now has a Market Capitalization of 19104081920 and an Enterprise Value of 22488889344. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.20, and their Forward P/E ratio for the next fiscal year is 13.40. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.11. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.45 while its Price-to-Book (P/B) ratio in mrq is 6.16. Its current Enterprise Value per Revenue stands at 0.529 whereas that against EBITDA is 8.41.
Stock Price History:
Over the past 52 weeks, BBY has reached a high of $103.71, while it has fallen to a 52-week low of $69.29. The 50-Day Moving Average of the stock is -5.03%, while the 200-Day Moving Average is calculated to be 3.81%.
Shares Statistics:
For the past three months, BBY has traded an average of 2.90M shares per day and 4827250 over the past ten days. A total of 214.72M shares are outstanding, with a floating share count of 197.63M. Insiders hold about 7.96% of the company’s shares, while institutions hold 85.56% stake in the company. Shares short for BBY as of 1730332800 were 13996418 with a Short Ratio of 4.86, compared to 1727654400 on 13952068. Therefore, it implies a Short% of Shares Outstanding of 13996418 and a Short% of Float of 8.34.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 3.46.
