Beyond Inc (NYSE: BYON)’s stock price has dropped by -4.58 in relation to previous closing price of 24.68. Nevertheless, the company has seen a loss of -19.98% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-16 that MIDVALE, Utah, April 16, 2024 (GLOBE NEWSWIRE) — Beyond, Inc., (NYSE: BYON) owner of ecommerce brands Bed Bath & Beyond, Overstock and Zulily, is scheduled to release first quarter financial results for the period ended March 31, 2024, on Monday, May 6, 2024, after the market closes.
Is It Worth Investing in Beyond Inc (NYSE: BYON) Right Now?
The 36-month beta value for BYON is at 3.89. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BYON is 45.12M, and currently, shorts hold a 9.37% of that float. The average trading volume for BYON on April 17, 2024 was 1.35M shares.
BYON’s Market Performance
BYON stock saw a decrease of -19.98% in the past week, with a monthly decline of -30.47% and a quarterly a decrease of 1.46%. The volatility ratio for the week is 6.37%, and the volatility levels for the last 30 days are 5.40% for Beyond Inc (BYON). The simple moving average for the last 20 days is -26.81% for BYON’s stock, with a simple moving average of -5.95% for the last 200 days.
Analysts’ Opinion of BYON
Many brokerage firms have already submitted their reports for BYON stocks, with Compass Point repeating the rating for BYON by listing it as a “Buy.” The predicted price for BYON in the upcoming period, according to Compass Point is $45 based on the research report published on February 01, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see BYON reach a price target of $40. The rating they have provided for BYON stocks is “Buy” according to the report published on January 05th, 2024.
BYON Trading at -22.87% from the 50-Day Moving Average
After a stumble in the market that brought BYON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -40.04% of loss for the given period.
Volatility was left at 5.40%, however, over the last 30 days, the volatility rate increased by 6.37%, as shares sank -30.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.39% upper at present.
During the last 5 trading sessions, BYON fell by -19.98%, which changed the moving average for the period of 200-days by -22.96% in comparison to the 20-day moving average, which settled at $31.65. In addition, Beyond Inc saw -14.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BYON starting from Burkey Joanna Catherine, who sale 2,543 shares at the price of $33.54 back on Mar 04 ’24. After this action, Burkey Joanna Catherine now owns 4,332 shares of Beyond Inc, valued at $85,292 using the latest closing price.
LEMONIS MARCUS, the EXECUTIVE CHAIRMAN OF BOARD of Beyond Inc, purchase 3,650 shares at $27.17 during a trade that took place back on Feb 22 ’24, which means that LEMONIS MARCUS is holding 169,898 shares at $99,170 based on the most recent closing price.
Stock Fundamentals for BYON
Current profitability levels for the company are sitting at:
- 0.0 for the present operating margin
- 0.2 for the gross margin
The net margin for Beyond Inc stands at -0.2. The total capital return value is set at 0.02. Equity return is now at value -61.26, with -40.10 for asset returns.
Based on Beyond Inc (BYON), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -4.66.
Currently, EBITDA for the company is -225.36 million with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 80.39for trailing twelve months and the total asset turnover is 2.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.51.
Conclusion
In conclusion, Beyond Inc (BYON) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
