Beyond Inc (NYSE:BYON) price on Tuesday, December 24, fall -0.41% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.84.
A look at the stock’s price movement, the close in the last trading session was $4.86, moving within a range at $4.76 and $4.96. The beta value (5-Year monthly) was 3.71. Turning to its 52-week performance, $37.10 and $4.78 were the 52-week high and 52-week low respectively. Overall, BYON moved -13.96% over the past month.
Beyond Inc’s market cap currently stands at around $221.94 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 343.78M for the company’s revenue for the quarter, with a low and high estimate of 320.74M and 428.5M respectively. The average forecast suggests down to a -10.58% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.42B, representing a -8.85% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BYON is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 3 recommend BYON as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BYON’s current price about -14.15% and -26.51% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.76, while 7-day volatility ratio is 8.97% and 6.75% in the 30-day chart. Further, Beyond Inc (BYON) has a beta value of 3.74, and an average true range (ATR) of 0.40. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $11 and high of $13. Looking at the price targets, the low is -127.27% off current price level while to achieve the yearly target high, price needs to move -168.6%. Nonetheless, investors will most likely welcome a -147.93% jump to $12 which is the analysts’ median price.
If we refocus on Beyond Inc (NYSE:BYON), historical trading data shows that trading volumes averaged 2.85 over the past 10 days and 2.52 million over the past 3 months. The company’s latest data on shares outstanding shows there are 45.82 million shares.
The 1.87% of Beyond Inc’s shares are in the hands of company insiders while institutional holders own 60.44% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.64 million on 2024-11-29, giving us a short ratio of 3.0. The data shows that as of 2024-11-29 short interest in Beyond Inc (BYON) stood at 1689.0 of shares outstanding, with shares short rising to 7.37 million registered in 2024-10-31. Current price change has pushed the stock -82.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BYON stock continues to rise going into the next quarter.
