Beyond Inc (NYSE: BYON) has experienced a rise in its stock price by 13.82 compared to its previous closing price of 5.73. However, the company has seen a gain of 7.27% in its stock price over the last five trading days. businesswire.com reported 2024-11-20 that MIDVALE, Utah–(BUSINESS WIRE)–Beyond, Inc. (NYSE:BYON), an asset-light ecommerce and affinity data monetization company offering a comprehensive array of products and services that enable its customers to unlock their home’s potential, today provided an update regarding the proposed financing arrangements for its pending transaction with The Container Store Group, Inc. (“The Container Store”). When Beyond entered into the Securities Purchase Agreement dated October 15, 2024 (the “Purchase Agr.
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 2 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 45.18M, and currently, short sellers hold a 16.32% ratio of that floaft. The average trading volume of BYON on November 25, 2024 was 2.27M shares.
BYON’s Market Performance
BYON’s stock has seen a 7.27% increase for the week, with a 2.39% rise in the past month and a -38.06% fall in the past quarter. The volatility ratio for the week is 6.43%, and the volatility levels for the past 30 days are at 6.50% for Beyond Inc The simple moving average for the past 20 days is 4.02% for BYON’s stock, with a -60.85% 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 -22.33% 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 -82.42% of loss for the given period.
Volatility was left at 6.50%, however, over the last 30 days, the volatility rate increased by 6.43%, as shares sank -9.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -42.14% lower at present.
During the last 5 trading sessions, BYON rose by +4.11%, which changed the moving average for the period of 200-days by -74.38% in comparison to the 20-day moving average, which settled at $6.26. In addition, Beyond Inc saw -76.45% 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 0.14. 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 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.
