Best Buy Stock Odds of Future Stock Price Finishing Over 81.23

BBY
 Stock
  

USD 81.23  1.16  1.41%   

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 Company performance during a given time horizon utilizing its historical volatility. Price to Earnings Ratio is likely to rise to 10.42 in 2022, whereas Price to Book Value is likely to drop 5.39 in 2022.
  
Best Buy's implied volatility is one of the determining factors in the pricing options written on Best Buy Company. 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 Company over a specific time period. For example, 2022-12-02 CALL at $81.0 is a CALL option contract on Best Buy's common stock with a strick price of 81.0 expiring on 2022-12-02. The contract was last traded on 2022-11-25 at 12:57:27 for $1.73 and, as of today, has 5 days remaining before the expiration. The option is currently trading at a bid price of $1.73, and an ask price of $1.9. The implied volatility as of the 27th of November is 38.942. View All Best Buy options

Closest to current price Best Buy long CALL Option Payoff at Expiration

Continue to 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. Please specify Best Buy time horizon, a valid symbol (red box) and a target price (blue box) you would like Best Buy odds to be computed.

Best Buy Target Price Odds to finish over 81.23

The tendency of Best Buy 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 move above the current price in 90 days
 81.23 90 days 81.23 
near 1
Based on a normal probability distribution, the odds of Best Buy to move above the current price in 90 days from now is near 1 (This Best Buy Company probability density function shows the probability of Best Buy Stock to fall within a particular range of prices over 90 days) .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.56 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 The company has an alpha of 0.0318, implying that it can generate a 0.0318 percent excess return over DOW after adjusting for the inherited market risk (beta).
   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 or bond 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, 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.
Hype
Prediction
LowEstimated ValueHigh
77.9381.1184.29
Details
Intrinsic
Valuation
LowReal ValueHigh
73.1196.7899.96
Details
Naive
Forecast
LowNext ValueHigh
82.8486.0289.21
Details
17 Analysts
Consensus
LowTarget PriceHigh
106.00131.27175.00
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 towards 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 Company, 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 DOW
0.031825
β
Beta against DOW1.56
σ
Overall volatility
4.67
Ir
Information ratio 0.020487

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.
Best Buy has very high historical volatility over the last 90 days
The company has 4.05 B in debt with debt to equity (D/E) ratio of 1.4, which is OK given its current industry classification. Best Buy has a current ratio of 0.94, 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 Buy 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.
Over 81.0% of Best Buy shares are held by institutions such as insurance companies
On 11th of October 2022 Best Buy paid $ 0.88 per share dividend to its current shareholders
Latest headline from news.google.com: Should You Buy Best Buy Co Inc Stock on Wednesday - InvestorsObserver

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 Buy 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.
Last Dividend Date19th of September 2022
Shares Percent Shares Out3.13%
Trailing Annual Dividend Rate3.34
Short Percent Of Float4.06%
Float Shares201.14M
Average Daily Volume Last 10 Day4.47M
Shares Short Prior Month9.36M
Average Daily Volume In Three Month3.05M
Date Short Interest31st of October 2022

Best Buy Technical Analysis

Best Buy's future price can be derived by breaking down and analyzing its technical indicators over time. Best Buy 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 Company. In general, you should focus on analyzing Best Buy Stock price patterns and their correlations with different microeconomic environments and drivers.

Best Buy Predictive Forecast Models

Best Buy time-series forecasting models is one of many Best Buy's stock analysis techniquest aimed to predict future share value based on previously observed values. Time-series forecasting models ae 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. These 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.
Best Buy has very high historical volatility over the last 90 days
The company has 4.05 B in debt with debt to equity (D/E) ratio of 1.4, which is OK given its current industry classification. Best Buy has a current ratio of 0.94, 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 Buy 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.
Over 81.0% of Best Buy shares are held by institutions such as insurance companies
On 11th of October 2022 Best Buy paid $ 0.88 per share dividend to its current shareholders
Latest headline from news.google.com: Should You Buy Best Buy Co Inc Stock on Wednesday - InvestorsObserver
Continue to 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Best Buy Stock analysis

When running Best Buy 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 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 Buy 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 YOY
(0.39) 
Market Capitalization
18.3 B
Quarterly Revenue Growth YOY
(0.11) 
Return On Assets
0.0698
Return On Equity
0.43
The market value of Best Buy is measured differently than its book value, which is the value of Best Buy 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 Best Buy value 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.