In the past week, BYON stock has gone down by -1.86%, with a monthly decline of -38.54% and a quarterly plunge of -42.67%. The volatility ratio for the week is 5.76%, and the volatility levels for the last 30 days are 7.40% for Beyond Inc The simple moving average for the last 20 days is -2.54% for BYON stock, with a simple moving average of -62.38% for the last 200 days.
Is It Worth Investing in Beyond Inc (NYSE: BYON) Right Now?
Additionally, the 36-month beta value for BYON is 3.74. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for BYON is 45.18M and currently, short sellers hold a 16.32% ratio of that float. The average trading volume of BYON on November 19, 2024 was 2.23M shares.
BYON) stock’s latest price update
The stock of Beyond Inc (NYSE: BYON) has increased by 5.24 when compared to last closing price of 6.08. Despite this, the company has experienced a -1.86% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-13 that Executive Chairman Marcus Lemonis has faced criticism for repeated missteps, leading to a 75% decline in BYON shares since he took over. BYON’s cash adjusted market cap is down to $135 million, making it both a great acquisition target and a great candidate for a stock buyback. The company’s blockchain assets, tZERO and Medici, are significantly more valuable than the retail ops based on current market values and this needs to be communicated to investors.
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 -27.33% 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 -82.75% of loss for the given period.
Volatility was left at 7.40%, however, over the last 30 days, the volatility rate increased by 5.76%, as shares sank -36.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -45.85% lower at present.
During the last 5 trading sessions, BYON fell by -0.41%, which changed the moving average for the period of 200-days by -69.91% in comparison to the 20-day moving average, which settled at $6.57. In addition, Beyond Inc saw -76.89% 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 71,428 shares at the price of $7.00 back on Oct 28 ’24. After this action, LEMONIS MARCUS now owns 436,958 shares of Beyond Inc, valued at $499,996 using the latest closing price.
LEMONIS MARCUS, the EXECUTIVE CHAIRMAN OF BOARD of Beyond Inc, purchase 156,985 shares at $6.37 during a trade that took place back on Oct 27 ’24, which means that LEMONIS MARCUS is holding 365,530 shares at $999,994 based on the most recent closing price.
Stock Fundamentals for BYON
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.18 for the gross margin
The net margin for Beyond Inc stands at -0.23. The total capital return value is set at -0.37. 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 -5.0.
Currently, EBITDA for the company is -244.91 million with net debt to EBITDA at 0.45. 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
In conclusion, Beyond Inc (BYON) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
