Best Buy Co Stock Price on April 2, 2024
| BBY Stock | USD 72.03 1.61 2.19% |
Below is the normalized historical share price chart for Best Buy Co extending back to April 18, 1985. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Best Buy stands at 72.03, as last reported on the 1st of May, with the highest price reaching 73.75 and the lowest price hitting 71.67 during the day.
If you're considering investing in Best Stock, it is important to understand the factors that can impact its price. Best Buy secures Sharpe Ratio (or Efficiency) of -0.0015, which signifies that the company had a -0.0015% return per unit of risk over the last 3 months. Best Buy Co exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Best Buy's Downside Deviation of 1.75, risk adjusted performance of 0.0091, and Mean Deviation of 1.28 to double-check the risk estimate we provide.
At this time, Best Buy's Common Stock Shares Outstanding is fairly stable compared to the past year. Common Stock is likely to rise to about 30.4 M in 2024, whereas Total Stockholder Equity is likely to drop slightly above 2.9 B in 2024. . Price Earnings Ratio is likely to rise to 256.24 in 2024, whereas Price To Sales Ratio is likely to drop 0.06 in 2024. Best Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 19th of April 1985 | 200 Day MA 74.6176 | 50 Day MA 77.8766 | Beta 1.506 |
Best |
Sharpe Ratio = -0.0015
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BBY |
Estimated Market Risk
| 1.6 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Best Buy is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Best Buy by adding Best Buy to a well-diversified portfolio.
Price Book 5.5027 | Enterprise Value Ebitda 7.4479 | Price Sales 0.3866 | Shares Float 193.6 M | Dividend Share 3.68 |
Related Headline
Lowes Companies Headline on 2nd of April 2024
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Best Buy Valuation on April 2, 2024
It is possible to determine the worth of Best Buy on a given historical date. On April 2, 2024 Best was worth 81.16 at the beginning of the trading date compared to the closed value of 80.17. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Best Buy stock. Still, in general, we apply an absolute valuation method to find Best Buy's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Best Buy where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Best Buy's related companies.
| Open | High | Low | Close | Volume | |
| 82.10 | 82.91 | 81.61 | 81.64 | 1,888,119 | |
04/02/2024 | 81.16 | 81.43 | 79.92 | 80.17 | 2,020,096 |
| 80.13 | 80.50 | 79.11 | 79.31 | 2,063,047 |
| Backtest Best Buy | | | Best Buy History | | | Best Buy Valuation | Previous | Next |
Best Buy Trading Date Momentum on April 2, 2024
| On April 03 2024 Best Buy Co was traded for 79.31 at the closing time. Highest Best Buy's price during the trading hours was 80.50 and the lowest price during the day was 79.11 . The net volume was 2.1 M. The overall trading history on the 3rd of April contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 1.07% . The overall trading delta to current price is 1.46% . |
Best Buy Fundamentals Correlations and Trends
By evaluating Best Buy's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Best Buy's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Best financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Best Buy Stock history
Best Buy investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Best is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Best Buy will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Best Buy stock prices may prove useful in developing a viable investing in Best Buy
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 218.5 M | 386 M | |
| Net Income Applicable To Common Shares | 1.6 B | 1.7 B |
Best Buy Stock Technical Analysis
Best Buy technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Best Buy Period Price Range
Low | April 2, 2024
| High |
81.16 | 80.17 |
Best Buy May 1, 2024 Market Strength
Market strength indicators help investors to evaluate how Best Buy stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Best Buy shares will generate the highest return on investment. By undertsting and applying Best Buy stock market strength indicators, traders can identify Best Buy Co entry and exit signals to maximize returns
| Accumulation Distribution | 37459.72 | |||
| Daily Balance Of Power | (0.66) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 80.68 | |||
| Day Typical Price | 80.51 | |||
| Price Action Indicator | (1.00) | |||
| Period Momentum Indicator | (8.14) | |||
| Relative Strength Index | 40.27 |
Best Buy Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Best Buy's price direction in advance. Along with the technical and fundamental analysis of Best Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Best to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Best Buy Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
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.