Best Buy Co. Inc. Shares Close the Day 12.8% Higher - Daily Wrap

The company saw its shares close the day 12.8% higher than yesterday, with trading volume higher than its 30 day average.

Nov 22, 2022 by Kwhen Finance Editors

Best Buy Co. Inc. Shares Close the Day 12.8% Higher - Daily Wrap
Best Buy Co. Inc. (BBY) shares closed today 12.8% higher than it did at the end of yesterday. The stock is currently down 27.9% year-to-date, down 45.8% over the past 12 months, and up 46.0% over the past five years. Today, the Dow Jones Industrial Average rose 1.2%, and the S&P 500 rose 1.3%.

Trading Activity

  • Shares traded as high as $77.48 and as low as $67.39 this week.
  • Shares closed 31.8% below its 52-week high and 31.4% above its 52-week low.
  • Trading volume this week was 21.8% higher than the 10-day average and 43.8% higher than the 30-day average.
  • Beta, a measure of the stock’s volatility relative to the overall market stands at 1.2.

Technical Indicators

  • The Relative Strength Index (RSI) on the stock was between 30 and 70.
  • MACD, a trend-following momentum indicator, indicates an upward trend.
  • The stock closed below its Bollinger band, indicating it may be oversold.

Fundamentals & Catalysts

  • Over the past 12 months the company generated $3 billion in earnings before interest and taxes from $47 billion in revenue. It currently holds $5 billion in cash and $10 billion in debt.
  • Its forward price-to-earnings (P/E) ratio of 14.42333898891942 is higher than its current P/E ratio of 9.00, implying that analysts are expecting a decrease in earnings.
  • The company's price/earnings-to-growth ratio (PEG Ratio), a widely used indicator of a stock's true value while also factoring in expected earnings growth, currently stands at 0.85. A fairly valued company should have a PEG ratio of 1.0. When a company's PEG exceeds 1.0, it's considered overvalued while a stock with a PEG of less than 1.0 is considered undervalued.
  • The company's debt-to-equity ratio, which measures the extent to which it finances its operations through debt, currently stands at 4.16 which means it currently has $4.16 of debt for every $1 of equity. Generally speaking, a debt to equity ratio below 1.0 is seen as relatively safe, while ratios of 2.0 or higher would be considered risky. Some industries are known for having much higher debt to equity ratios than others.
  • The company's price-to-book ratio, which measures the market's valuation of a company relative to its book value, currently stands at 6.35. This means that the stock is trading at a premium of 6 times relative to the company's book value which reflects the total value of a company's assets that shareholders of that company would receive if the company were to be liquidated.
  • The company's price-to-sales ratio, which shows how much the market values every dollar of the company's sales, currently stands at 0.62.
  • The company's enterprise value-to-revenue multiple, which is often used to determine a company's valuation in the case of a potential acquisition, currently stands at 0.53.

P/E

9.00

EBITDA

$3B

P/Book

6.35

Mkt Cap

$15B

P/Sales

0.62

Revenue

$47B

EPS (TTM)

7.52

PEG Ratio

0.85

EV/Revenue

0.53

Total Cash

$5B

Debt/Equity

4.16

Forward P/E

14.42

Current Debt

$10B

Gross Profit

$10B

Dividend Date

-

Earnings Date

2022-11-22

Profit Margin

0.04

Revenue/Share

188.74

Total Revenue

$47B

Enterprise Val

$24B

Put/Call Ratio

0.94

Revenue/Employee

378096.00

Market Comparative Performance

  • The company's share price beats the S&P 500 Index today, lags it on a 1-year basis, and lags it on a 5-year basis
  • The company's share price beats the Dow Jones Industrial Average today, lags it on a 1-year basis, and lags it on a 5-year basis
  • The company share price beats the performance of its peers in the Consumer Discretionary industry sector today, lags it on a 1-year basis, and lags it on a 5 year basis
NameDoD %ΔYTD %Δ1 Yr %52-Week H %52-Week L %
Best Buy Co. Inc.12.8-27.9-45.8-34.027.1
Dow Jones Industrial Average1.2-5.6-3.5-6.718.5
S&P 500 Index1.3-16.0-14.6-16.413.9
Consumer Discretionary1.1-31.8-33.9-33.95.8

Peer Group Comparative Performance

  • The company's stock price performance year-to-date beats the peer average by -18.0%
  • The company's stock price performance over the past 12 months lags the peer average by 15.2%
  • The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -41.7% lower than the average peer.
NameMKT CAP (USD)P/EYTD %Δ1 Yr %Δ52-Week H %52-Week L %
Best Buy Co. Inc.BBY9.0-27.9-45.8-34.027.1
Peer AvgN/A15.4-34.1-39.8-19.312.7
Apple IncAAPL23.6-16.2-7.3
Amazon.com Inc.AMZN83.3-44.5-49.7
Gamestop Corporation - Class AGME-14.7-32.2-56.0-60.129.5
Aarons Company Inc (The)AAN0-54.3-55.2-55.946.7
VOXX International Corp - Class AVOXX-5.55.9-7.3
Conns IncCONN6.1-63.1-63.3

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