Best Buy Co Stock Odds of Future Stock Price Finishing Over 54.65

BBY Stock  USD 82.03  0.16  0.20%   
Best Buy's implied volatility is one of the determining factors in the pricing options written on Best Buy Co. Implied volatility approximates the future value of Best Buy based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Best Buy Co over a specific time period. For example, 2024-03-28 CALL at $82.0 is a CALL option contract on Best Buy's common stock with a strick price of 82.0 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:58:58 for $0.44 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.37, and an ask price of $0.43. The implied volatility as of the 28th of March is 27.16. View All Best options

Closest to current price Best long CALL Option Payoff at Expiration

Best Buy's future price is the expected price of Best Buy instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Best Buy Co performance during a given time horizon utilizing its historical volatility. Check out Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance.
  
Price Earnings Ratio is likely to rise to 26.02 in 2024, whereas Price To Sales Ratio is likely to drop 0.17 in 2024. Please specify Best Buy's target price for which you would like Best Buy odds to be computed.

Best Buy Target Price Odds to finish over 54.65

The tendency of Best Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 54.65  in 90 days
 82.03 90 days 54.65 
close to 99
Based on a normal probability distribution, the odds of Best Buy to stay above $ 54.65  in 90 days from now is close to 99 (This Best Buy Co probability density function shows the probability of Best Stock to fall within a particular range of prices over 90 days) . Probability of Best Buy price to stay between $ 54.65  and its current price of $82.03 at the end of the 90-day period is close to 99 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.75 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Best Buy will likely underperform. Additionally Best Buy Co has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
   Best Buy Price Density   
       Price  

Predictive Modules for Best Buy

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Best Buy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Best Buy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
80.0981.7783.45
Details
Intrinsic
Valuation
LowRealHigh
75.6677.3490.06
Details
Naive
Forecast
LowNextHigh
81.6383.3185.00
Details
30 Analysts
Consensus
LowTargetHigh
74.4581.8190.81
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Best Buy. Your research has to be compared to or analyzed against Best Buy's peers to derive any actionable benefits. When done correctly, Best Buy's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Best Buy.

Best Buy Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Best Buy is not an exception. The market had few large corrections towards the Best Buy's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Best Buy Co, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Best Buy within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.08
β
Beta against NYSE Composite1.75
σ
Overall volatility
2.71
Ir
Information ratio 0.01

Best Buy Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Best Buy for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Best Buy can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Best Buy until it has trouble settling it off, either with new capital or with free cash flow. So, Best Buy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Best Buy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Best to invest in growth at high rates of return. When we think about Best Buy's use of debt, we should always consider it together with cash and equity.
Best Buy has a strong financial position based on the latest SEC filings
Over 84.0% of Best Buy shares are held by institutions such as insurance companies
Latest headline from cnbc.com: This retailer is set up for a comeback were getting in early by starting a position

Best Buy Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Best Stock often depends not only on the future outlook of the current and potential Best Buy's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Best Buy's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding218.5 M
Cash And Short Term Investments1.4 B

Best Buy Technical Analysis

Best Buy's future price can be derived by breaking down and analyzing its technical indicators over time. Best Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Best Buy Co. In general, you should focus on analyzing Best Stock price patterns and their correlations with different microeconomic environments and drivers.

Best Buy Predictive Forecast Models

Best Buy's time-series forecasting models is one of many Best Buy's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Best Buy's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Best Buy

Checking the ongoing alerts about Best Buy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Best Buy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company has 3.98 B in debt with debt to equity (D/E) ratio of 1.34, which is OK given its current industry classification. Best Buy has a current ratio of 0.96, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Best Buy until it has trouble settling it off, either with new capital or with free cash flow. So, Best Buy's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Best Buy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Best to invest in growth at high rates of return. When we think about Best Buy's use of debt, we should always consider it together with cash and equity.
Best Buy has a strong financial position based on the latest SEC filings
Over 84.0% of Best Buy shares are held by institutions such as insurance companies
Latest headline from cnbc.com: This retailer is set up for a comeback were getting in early by starting a position
When determining whether Best Buy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Best Buy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Best Buy Co Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Best Buy Co Stock:
Check out Best Buy Backtesting, Best Buy Valuation, Best Buy Correlation, Best Buy Hype Analysis, Best Buy Volatility, Best Buy History as well as Best Buy Performance.
Note that the Best Buy information on this page should be used as a complementary analysis to other Best Buy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.

Complementary Tools for Best Stock analysis

When running Best Buy's price analysis, check to measure Best Buy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Best Buy is operating at the current time. Most of Best Buy's value examination focuses on studying past and present price action to predict the probability of Best Buy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Best Buy's price. Additionally, you may evaluate how the addition of Best Buy to your portfolios can decrease your overall portfolio volatility.
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Is Best Buy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Best Buy. If investors know Best will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Best Buy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.05)
Dividend Share
3.68
Earnings Share
5.68
Revenue Per Share
199.596
Quarterly Revenue Growth
(0.01)
The market value of Best Buy is measured differently than its book value, which is the value of Best that is recorded on the company's balance sheet. Investors also form their own opinion of Best Buy's value that differs from its market value or its book value, called intrinsic value, which is Best Buy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Best Buy's market value can be influenced by many factors that don't directly affect Best Buy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Best Buy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Best Buy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Best Buy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.