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BBY
Stock ticker: NYSE
AS OF
Dec 23, 10:34 AM (EDT)
Price
$85.95
Change
+$0.40 (+0.47%)
Capitalization
17.67B

BBY Best Buy Company Forecast, Technical & Fundamental Analysis

a retailer of consumer electronics, entertainment software and appliances

BBY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I.Advisor
a Summary for BBY with price predictions
Dec 20, 2024

BBY in upward trend: price may jump up because it broke its lower Bollinger Band on November 19, 2024

BBY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where BBY's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BBY advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on December 13, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BBY as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BBY turned negative on December 19, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for BBY entered a downward trend on November 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.760) is normal, around the industry mean (12.393). P/E Ratio (14.373) is within average values for comparable stocks, (36.657). Projected Growth (PEG Ratio) (1.507) is also within normal values, averaging (2.650). Dividend Yield (0.045) settles around the average of (0.034) among similar stocks. P/S Ratio (0.411) is also within normal values, averaging (19.235).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BBY’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BBY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock better than average.

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BBY
Daily Signalchanged days ago
Gain/Loss if bought
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A.I. Advisor
published Earnings

BBY is expected to report earnings to rise 89.68% to $2.39 per share on February 27

Best Buy Company BBY Stock Earnings Reports
Q1'25
Est.
$2.39
Q4'24
Missed
by $0.04
Q3'24
Beat
by $0.18
Q2'24
Beat
by $0.12
Q1'24
Beat
by $0.20
The last earnings report on November 26 showed earnings per share of $1.26, missing the estimate of $1.30. With 5.19K shares outstanding, the current market capitalization sits at 17.67B.
A.I.Advisor
published Dividends

BBY is expected to pay dividends on January 07, 2025

Best Buy Company BBY Stock Dividends
A dividend of $0.94 per share will be paid with a record date of January 07, 2025, and an ex-dividend date of December 17, 2024. The last dividend of $0.94 was paid on October 10. Read more...
A.I. Advisor
published General Information

General Information

a retailer of consumer electronics, entertainment software and appliances

Industry SpecialtyStores

Profile
Fundamentals
Details
Industry
Electronics Or Appliance Stores
Address
7601 Penn Avenue South
Phone
+1 612 291-1000
Employees
85000
Web
https://www.investors.bestbuy.com
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BBY and Stocks

Correlation & Price change

A.I.dvisor indicates that over the last year, BBY has been loosely correlated with CPRT. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if BBY jumps, then CPRT could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BBY
1D Price
Change %
BBY100%
+0.41%
CPRT - BBY
61%
Loosely correlated
-0.39%
HNST - BBY
46%
Loosely correlated
+4.71%
FND - BBY
44%
Loosely correlated
+4.03%
LE - BBY
44%
Loosely correlated
-0.08%
PAG - BBY
43%
Loosely correlated
+0.24%
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