Beyond Inc (NYSE:BYON) price on Wednesday, July 02, rose 6.42% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $7.63.
A look at the stock’s price movement, the close in the last trading session was $7.17. Turning to its 52-week performance, $15.44 and $3.54 were the 52-week high and 52-week low respectively. Overall, BYON moved 24.47% over the past month.
Beyond Inc’s market cap currently stands at around $440.09 million, with investors looking forward to this quarter’s earnings report slated for in August.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BYON is a 100% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy 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 15.40% and 32.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.50, while 7-day volatility ratio is 12.08% and 8.60% in the 30-day chart. Further, Beyond Inc (BYON) has a beta value of 2.74. Analysts have given the company’s stock an average 52-week price target of $6.5, forecast between a low of $6.5 and high of $6.5. Looking at the price targets, the low is 14.81% off current price level while to achieve the yearly target high, price needs to move 14.81%. Nonetheless, investors will most likely welcome a 14.81% jump to $6.5 which is the analysts’ median price.
If we refocus on Beyond Inc (NYSE:BYON), historical trading data shows that trading volumes averaged 2.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 56.83 million shares.
The 1.85% of Beyond Inc’s shares are in the hands of company insiders while institutional holders own 54.15% of the company’s shares. Current price change has pushed the stock -41.67% 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.
