Beyond Inc (NYSE: BYON) has experienced a decline in its stock price by -0.29 compared to its previous closing price of 13.96. However, the company has seen a gain of 3.34% in its stock price over the last five trading days. wsj.com reported 2024-06-26 that A board member of Bed Bath & Beyond was concerned that some of her fellow directors shared inside information with Ryan Cohen before the investor abruptly dumped his stake in the company two years ago, according to newly revealed excerpts of testimony provided for a lawsuit.
Is It Worth Investing in Beyond Inc (NYSE: BYON) Right Now?
Company’s 36-month beta value is 3.71.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BYON is 45.09M, and currently, short sellers hold a 12.73% ratio of that floaft. The average trading volume of BYON on July 22, 2024 was 2.20M shares.
BYON’s Market Performance
BYON’s stock has seen a 3.34% increase for the week, with a 0.07% rise in the past month and a -38.95% fall in the past quarter. The volatility ratio for the week is 7.42%, and the volatility levels for the past 30 days are at 6.09% for Beyond Inc The simple moving average for the past 20 days is 5.39% for BYON’s stock, with a -35.58% simple moving average for the past 200 days.
Analysts’ Opinion of BYON
Many brokerage firms have already submitted their reports for BYON stocks, with Maxim Group repeating the rating for BYON by listing it as a “Buy.” The predicted price for BYON in the upcoming period, according to Maxim Group is $36 based on the research report published on May 08, 2024 of the current year 2024.
Maxim Group gave a rating of “Buy” to BYON, setting the target price at $50 in the report published on April 17th of the current year.
BYON Trading at -6.20% 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 -64.56% of loss for the given period.
Volatility was left at 6.09%, however, over the last 30 days, the volatility rate increased by 7.42%, as shares surge +2.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.74% lower at present.
During the last 5 trading sessions, BYON rose by +2.15%, which changed the moving average for the period of 200-days by -8.45% in comparison to the 20-day moving average, which settled at $13.23. In addition, Beyond Inc saw -49.73% 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 LEMONIS MARCUS, who purchase 3,700 shares at the price of $13.64 back on Jun 14 ’24. After this action, LEMONIS MARCUS now owns 197,593 shares of Beyond Inc, valued at $50,468 using the latest closing price.
LEMONIS MARCUS, the EXECUTIVE CHAIRMAN OF BOARD of Beyond Inc, purchase 6,920 shares at $14.13 during a trade that took place back on Jun 10 ’24, which means that LEMONIS MARCUS is holding 193,893 shares at $97,780 based on the most recent closing price.
Stock Fundamentals for BYON
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.19 for the gross margin
The net margin for Beyond Inc stands at -0.24. The total capital return value is set at -0.13. Equity return is now at value -80.03, with -50.72 for asset returns.
Based on Beyond Inc (BYON), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -2.0.
Currently, EBITDA for the company is -225.36 million with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 0.26. The receivables turnover for the company is 67.67for trailing twelve months and the total asset turnover is 2.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.24.
Conclusion
In a nutshell, Beyond Inc (BYON) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
