BKH
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Black Hills Corporation (BKH) closed at $72.75 as of 2026-06-19, trading 27.9% above its 200-week moving average of $56.89. The stock is currently moving closer to the line, down from 29.2% last week. The 14-week RSI sits at 52, indicating neutral momentum.
Trading volume is running at 0.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.16 ratio) is neutral — neither side is clearly dominating.
Over the past 2734 weeks of data, BKH has crossed below its 200-week moving average 31 times. On average, these episodes lasted 17 weeks. Historically, investors who bought BKH at the start of these episodes saw an average one-year return of +14.8%.
With a market cap of $5.5 billion, BKH is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at 7.7%. The stock trades at 1.4x book value.
Share count has increased 14.2% over three years, indicating dilution.
Over the past 33.5 years, a hypothetical investment of $100 in BKH would have grown to $1622, compared to $3097 for the S&P 500. BKH has returned 8.7% annualized vs 10.8% for the index, underperforming the broader market over this period.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: BKH vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After BKH Crosses Below the Line?
Across 24 historical episodes, buying BKH when it crossed below its 200-week moving average produced an average return of +17.8% after 12 months (median +17.0%), compared to +16.7% for the S&P 500 over the same periods. 83% of those episodes were profitable after one year. After 24 months, the average return was +29.7% vs +32.8% for the index.
Each line shows $100 invested at the moment BKH crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. BKH currently has negative free cash flow, so price-based dislocation levels are not available. The score still tracks yield deviation from baseline.
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from BKH's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
BKH has crossed below its 200-week MA 31 times with an average 1-year return of +14.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Apr 1974 | Jun 1975 | 58 | 28.1% | -13.1% | +21921.6% |
| Oct 1979 | Nov 1979 | 6 | 2.1% | +17.0% | +15629.7% |
| Mar 1980 | Apr 1980 | 5 | 8.8% | +0.5% | +15127.7% |
| May 1980 | Jun 1980 | 4 | 1.5% | -3.1% | +14810.5% |
| Nov 1980 | Dec 1980 | 7 | 1.3% | -14.3% | +14506.2% |
| Jan 1981 | May 1982 | 70 | 16.2% | -4.5% | +14286.0% |
| Aug 1982 | Aug 1982 | 1 | 0.7% | +55.9% | +14581.1% |
| Jan 1994 | Jan 1994 | 2 | 5.7% | +2.9% | +1815.3% |
| Jan 1994 | Jan 1995 | 52 | 18.1% | +15.8% | +1804.3% |
| Apr 1995 | Jul 1995 | 13 | 7.0% | +22.7% | +1641.5% |
| Jul 2002 | Mar 2003 | 35 | 24.6% | +18.3% | +580.9% |
| Apr 2003 | Apr 2003 | 1 | 0.7% | +16.2% | +543.8% |
| May 2003 | May 2003 | 1 | 0.6% | +9.7% | +540.3% |
| Dec 2003 | Dec 2003 | 2 | 1.6% | +11.4% | +507.4% |
| May 2004 | May 2004 | 3 | 4.6% | +24.5% | +483.9% |
| Jul 2004 | Oct 2004 | 14 | 10.3% | +49.9% | +510.9% |
| Dec 2004 | Dec 2004 | 1 | 0.1% | +30.6% | +468.5% |
| Jun 2008 | Mar 2010 | 89 | 54.1% | -24.4% | +350.6% |
| May 2010 | Jun 2010 | 3 | 2.4% | +12.0% | +354.1% |
| Jun 2010 | Jul 2010 | 1 | 1.4% | +12.9% | +359.4% |
| Jul 2015 | Oct 2015 | 11 | 12.5% | +62.1% | +167.6% |
| Nov 2015 | Dec 2015 | 5 | 3.9% | +41.9% | +149.4% |
| Feb 2018 | Mar 2018 | 7 | 3.2% | +37.9% | +91.5% |
| Mar 2020 | Apr 2020 | 3 | 17.5% | +34.6% | +80.1% |
| Apr 2020 | Mar 2021 | 45 | 15.1% | +15.4% | +49.0% |
| Oct 2022 | Nov 2022 | 5 | 5.5% | -22.2% | +32.0% |
| Feb 2023 | Apr 2023 | 8 | 6.9% | -16.0% | +32.0% |
| May 2023 | Aug 2024 | 67 | 21.6% | -5.7% | +32.9% |
| Oct 2024 | Nov 2024 | 1 | 1.4% | +14.5% | +35.1% |
| Dec 2024 | Jan 2025 | 6 | 4.7% | +21.6% | +33.6% |
| Jun 2025 | Jul 2025 | 8 | 2.6% | +32.5% | +32.4% |
| Average | 17 | — | +14.8% | — |
Frequently Asked Questions
Is BKH below its 200-week moving average?
No. Black Hills Corporation (BKH) is currently 27.9% above its 200-week moving average of $56.89. It would need to fall to $56.89 to cross below the line.
What is BKH's 200-week moving average price?
Black Hills Corporation's 200-week moving average is $56.89 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when BKH drops below its 200-week moving average?
BKH has crossed below its 200-week moving average 31 times in our data. On average, buying at that moment produced a one-year return of +14.8%. These dips have historically been decent entry points. These episodes lasted 17 weeks on average.
Is BKH a good value right now?
Here's what our data says about BKH as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 52. Free cash flow is currently negative. Return on equity is 7.7%. Price-to-book is 1.4x. This is not a buy or sell recommendation — always do your own research.
How does BKH compare to the S&P 500?
Over the past 33.5 years, $100 invested in BKH would have grown to $1622, compared to $3097 for the S&P 500. That's 8.7% annualized vs 10.8% for the index. BKH has underperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19