Beyond Inc (NYSE: BYON) has experienced a decline in its stock price by -4.78 compared to its previous closing price of 6.69. However, the company has seen a fall of -39.45% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-27 that Beyond, Inc. (NYSE:BYON ) 2024 Investor Event October 24, 2024 11:00 AM ET Company Participants Marcus Lemonis – Executive Chairman Alexis Callahan – Vice President, Investor Relations and Public Relations Adrianne Lee – Chief Financial and Administrative Officer Dave Nielsen – President Guncha Mehta – Chief Digital Information Officer Alex Thomas – Senior Vice President, Finance and Corporate Development Tim Ryan – Vice President, Loyalty and Partnerships Conference Call Participants Presentation Marcus Lemonis Good morning. My name is Marcus Lemonis.
Is It Worth Investing in Beyond Inc (NYSE: BYON) Right Now?
The stock has a 36-month beta value of 3.67. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for BYON is 45.12M, and at present, short sellers hold a 14.04% of that float. On October 28, 2024, the average trading volume of BYON was 2.17M shares.
BYON’s Market Performance
BYON’s stock has seen a -39.45% decrease for the week, with a -36.17% drop in the past month and a -53.13% fall in the past quarter. The volatility ratio for the week is 11.46%, and the volatility levels for the past 30 days are at 7.28% for Beyond Inc. The simple moving average for the past 20 days is -34.37% for BYON’s stock, with a -65.43% simple moving average for the past 200 days.
Analysts’ Opinion of BYON
Many brokerage firms have already submitted their reports for BYON stocks, with Needham repeating the rating for BYON by listing it as a “Buy.” The predicted price for BYON in the upcoming period, according to Needham is $9 based on the research report published on October 25, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see BYON reach a price target of $26, previously predicting the price at $33. The rating they have provided for BYON stocks is “Buy” according to the report published on October 25th, 2024.
BofA Securities gave a rating of “Underperform” to BYON, setting the target price at $6 in the report published on October 25th of the current year.
BYON Trading at -37.27% 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 -82.83% of loss for the given period.
Volatility was left at 7.28%, however, over the last 30 days, the volatility rate increased by 11.46%, as shares sank -37.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.96% lower at present.
During the last 5 trading sessions, BYON fell by -39.45%, which changed the moving average for the period of 200-days by -74.82% in comparison to the 20-day moving average, which settled at $9.71. In addition, Beyond Inc saw -77.00% 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 Nettles William Benjamin JR, who sale 10,412 shares at the price of $9.35 back on Aug 14 ’24. After this action, Nettles William Benjamin JR now owns 11,368 shares of Beyond Inc, valued at $97,352 using the latest closing price.
LEMONIS MARCUS, the EXECUTIVE CHAIRMAN OF BOARD of Beyond Inc, purchase 10,952 shares at $9.13 during a trade that took place back on Aug 14 ’24, which means that LEMONIS MARCUS is holding 208,545 shares at $99,992 based on the most recent closing price.
Stock Fundamentals for BYON
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.19 for the gross margin
The net margin for Beyond Inc stands at -0.23. The total capital return value is set at 0.25. Equity return is now at value -95.04, with -56.46 for asset returns.
Based on Beyond Inc (BYON), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -4.96.
Currently, EBITDA for the company is -225.36 million with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 0.13. The receivables turnover for the company is 98.24for trailing twelve months and the total asset turnover is 3.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
To sum up, Beyond Inc (BYON) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
