Best Buy Co Stock Price Prediction
BBY Stock | USD 77.13 0.89 1.14% |
Oversold Vs Overbought
55
Oversold | Overbought |
Best Buy stock price prediction is an act of determining the future value of Best Buy shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of Best Buy's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of Best Buy and does not consider all of the tangible or intangible factors available from Best Buy's fundamental data. We analyze noise-free headlines and recent hype associated with Best Buy Co, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting Best Buy's stock price prediction:Quarterly Earnings Growth (0.05) | EPS Estimate Current Year 6.16 | EPS Estimate Next Year 6.13 | Wall Street Target Price 84.38 | EPS Estimate Current Quarter 2.52 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of Best Buy based on different types of headlines from major news networks to social media. The Best stock price prediction module provides an analysis of price elasticity to changes in media outlook on Best Buy over a specific investment horizon. Using Best Buy hype-based prediction, you can estimate the value of Best Buy Co from the perspective of Best Buy response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Best Buy using Best Buy's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Best using crowd psychology based on the activity and movement of Best Buy's stock price.
Best Buy Short Interest
A significant increase or decrease in Best Buy's short interest from the previous month could be a good indicator of investor sentiment towards Best. Short interest can provide insight into the potential direction of Best Buy stock and how bullish or bearish investors feel about the market overall. An investor who is long Best Buy may also wish to track short interest. As short interest increases, investors should be becoming more worried about Best Buy and may potentially protect profits, hedge Best Buy with its derivative instruments, or be ready for some potential downside.
200 Day MA 74.6782 | Short Percent 0.1 | Short Ratio 5.49 | Shares Short Prior Month 16 M | 50 Day MA 75.3582 |
Best Buy Hype to Price Pattern
Investor biases related to Best Buy's public news can be used to forecast risks associated with an investment in Best. The trend in average sentiment can be used to explain how an investor holding Best can time the market purely based on public headlines and social activities around Best Buy Co. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Best Buy's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Best Buy.
Best Buy Implied Volatility | 39.18 |
Best Buy's implied volatility exposes the market's sentiment of Best Buy Co stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Best Buy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Best Buy stock will not fluctuate a lot when Best Buy's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in Best Buy. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in Best Buy to buy its stock at a price that has no basis in reality. In that case, they are not buying Best because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
Best Buy after-hype prediction price | USD 77.11 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current Best contract
Based on the Rule 16, the options market is currently suggesting that Best Buy Co will have an average daily up or down price movement of about 2.45% per day over the life of the 2024-03-22 option contract. With Best Buy trading at USD 77.13, that is roughly USD 1.89 . If you think that the market is fully incorporating Best Buy's daily price movement you should consider acquiring Best Buy Co options at the current volatility level of 39.18%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Best |
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Best Buy in the context of predictive analytics.
Best Buy After-Hype Price Prediction Density Analysis
As far as predicting the price of Best Buy at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Best Buy or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Best Buy, with the unreliable approximations that try to describe financial returns.
Next price density |
Expected price to next headline |
Best Buy Estimiated After-Hype Price Volatility
In the context of predicting Best Buy's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Best Buy's historical news coverage. Best Buy's after-hype downside and upside margins for the prediction period are 75.48 and 78.74, respectively. We have considered Best Buy's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Best Buy is very steady at this time. Analysis and calculation of next after-hype price of Best Buy is based on 3 months time horizon.
Best Buy Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as Best Buy is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Best Buy backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Best Buy, there might be something going there, and it might present an excellent short sale opportunity.
Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.05 | 1.63 | 0.11 | 0.03 | 9 Events / Month | 8 Events / Month | In about 9 days |
Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
77.13 | 77.11 | 0.03 |
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Best Buy Hype Timeline
On the 19th of March Best Buy is traded for 77.13. The entity has historical hype elasticity of -0.11 and average elasticity to hype of competition of 0.03. Best is forecasted to decline in value after the next headline with the price expected to drop to 77.11. The average volatility of media hype impact on the company price is about 73.76%. The price depreciation on the next newsis expected to be -0.03% whereas the daily expected return is currently at 0.05%. The volatility of related hype on Best Buy is about 244.38% with expected price after next announcement by competition of 77.16. About 84.0% of the company shares are held by institutions such as insurance companies. The company has Price/Earnings To Growth (PEG) ratio of 1.44. Best Buy recorded earning per share (EPS) of 5.68. The entity last dividend was issued on the 20th of March 2024. The firm had 3:2 split on the 4th of August 2005. Considering the 90-day investment horizon the next forecasted press release will be in about 9 days. Check out Best Buy Basic Forecasting Models to cross-verify your projections.Best Buy Related Hype Analysis
Having access to credible news sources related to Best Buy's direct competition is more important than ever and may enhance your ability to predict Best Buy's future price movements. Getting to know how Best Buy rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Best Buy may potentially react to the hype associated with one of its peers.
HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
M | Macys Inc | (0.44) | 8 per month | 2.14 | 0.03 | 3.72 | (3.19) | 16.36 | |
W | Wayfair | 3.27 | 9 per month | 3.22 | 0.04 | 9.34 | (5.77) | 20.42 | |
DIBS | 1StdibsCom | (0.08) | 9 per month | 2.64 | 0.1 | 8.04 | (5.79) | 17.90 | |
AN | AutoNation | 0.80 | 12 per month | 1.72 | 0.07 | 3.73 | (3.06) | 11.27 | |
BQ | Boqii Holding Limited | (0.01) | 2 per month | 0.00 | (0.17) | 10.34 | (10.81) | 58.00 | |
FL | Foot Locker | (0.35) | 9 per month | 0.00 | (0.06) | 6.18 | (4.77) | 39.34 | |
HD | Home Depot | 2.96 | 7 per month | 0.71 | 0.04 | 2.02 | (1.58) | 5.22 | |
JD | JD Inc Adr | 0.47 | 7 per month | 3.03 | 0.02 | 5.86 | (4.87) | 19.88 | |
LE | Lands End | (0.06) | 9 per month | 0.00 | (0.05) | 5.38 | (5.44) | 16.45 | |
LL | LL Flooring Holdings | 0.11 | 8 per month | 0.00 | (0.28) | 5.66 | (5.73) | 16.26 |
Best Buy Additional Predictive Modules
Most predictive techniques to examine Best price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Best using various technical indicators. When you analyze Best charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
About Best Buy Predictive Indicators
The successful prediction of Best Buy stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as Best Buy Co, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of Best Buy based on analysis of Best Buy hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to Best Buy's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to Best Buy's related companies. Story Coverage note for Best Buy
The number of cover stories for Best Buy depends on current market conditions and Best Buy's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Best Buy is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Best Buy's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Best Buy Short Properties
Best Buy's future price predictability will typically decrease when Best Buy's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Best Buy Co often depends not only on the future outlook of the 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 Outstanding | 218.5 M | |
Cash And Short Term Investments | 1.4 B |
Check out Best Buy Basic Forecasting Models to cross-verify your projections. 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 Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
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.