Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
In the latest session, Best Buy Co. Inc (NYSE: BBY) closed at $83.62 down -2.96% from its previous closing price of $86.17. In other words, the price has decreased by -$2.96 from its previous closing price. On the day, 3.41 million shares were traded. BBY stock price reached its highest trading level at $86.7 during the session, while it also had its lowest trading level at $83.25.
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 16.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.84. 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 Dec 11 ’24 when Bilunas Matthew M sold 69,166 shares for $87.46 per share. The transaction valued at 6,048,925 led to the insider holds 92,070 shares of the business.
Bilunas Matthew M bought 69,166 shares of BBY for $6,048,928 on Dec 11 ’24. On Sep 11 ’24, another insider, Barry Corie S, who serves as the CEO of the company, sold 79,829 shares for $96.66 each. As a result, the insider received 7,715,952 and left with 358,241 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 17877622784 and an Enterprise Value of 22488889344. As of this moment, Best’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.28, and their Forward P/E ratio for the next fiscal year is 12.64. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.92. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 5.80. 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 -6.04%, while the 200-Day Moving Average is calculated to be -3.58%.
Shares Statistics:
For the past three months, BBY has traded an average of 3.02M shares per day and 2472460 over the past ten days. A total of 213.80M shares are outstanding, with a floating share count of 196.78M. Insiders hold about 7.96% of the company’s shares, while institutions hold 86.01% stake in the company. Shares short for BBY as of 1730332800 were 13996418 with a Short Ratio of 4.45, 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.
