Beyond Inc (NYSE: BYON): To Buy Or Not To Buy, That Is The Question

Beyond Inc (BYON) concluded trading on Thursday at a closing price of $5.62, with 4.65 million shares of worth about $26.12 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -55.00% during that period and on Thursday the price saw a gain of about 14.00%. Currently the company’s common shares owned by public are about 45.82M shares, out of which, 45.18M shares are available for trading.

Stock saw a price change of 16.12% in past 5 days and over the past one month there was a price change of -11.77%. Year-to-date (YTD), BYON shares are showing a performance of 14.00% which decreased to -79.01% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.45 but also hit the highest price of $37.10 during that period. The average intraday trading volume for Beyond Inc shares is 2.61 million. The stock is currently trading 5.54% above its 20-day simple moving average (SMA20), while that difference is down -7.08% for SMA50 and it goes to -58.21% lower than SMA200.

Beyond Inc (NYSE: BYON) currently have 45.82M outstanding shares and institutions hold larger chunk of about 60.53% of that.

The stock has a current market capitalization of $258.78M and its 3Y-monthly beta is at 3.75. It has posted earnings per share of -$7.44 in the same period. It has Quick Ratio of 0.91 while making debt-to-equity ratio of 0.19. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BYON, volatility over the week remained 8.71% while standing at 7.14% over the month.

Stock’s fiscal year EPS is expected to drop by -104.10% while it is estimated to increase by 58.07% in next year.

Coverage by Needham stated Beyond Inc (BYON) stock as a Buy in their note to investors on October 25, 2024, suggesting a price target of $9 for the stock. On October 25, 2024, Maxim Group Reiterated their recommendations, while on October 25, 2024, BofA Securities Downgrade their ratings for the stock with a price target of $6. Stock get a Buy rating from Needham on October 23, 2024.

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