Beyond, Inc. (NYSE:BYON) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Beyond, Inc. (NYSE:BYON) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $35.40.

A number of research analysts have commented on BYON shares. Compass Point started coverage on Beyond in a research note on Thursday, February 1st. They set a “buy” rating and a $45.00 price target on the stock. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Beyond in a research note on Friday, April 12th. Piper Sandler increased their price objective on Beyond from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Barclays increased their price objective on Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Maxim Group started coverage on Beyond in a research note on Wednesday. They issued a “buy” rating and a $50.00 price objective on the stock.

Beyond Trading Up 1.3 %

Beyond stock traded up $0.31 during mid-day trading on Wednesday, hitting $23.86. The company’s stock had a trading volume of 1,918,509 shares, compared to its average volume of 1,336,250. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -3.49 and a beta of 3.76. Beyond has a 1 year low of $13.71 and a 1 year high of $39.27. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average price of $30.91.

Beyond (NYSE:BYON) last issued its quarterly earnings data on Tuesday, February 20th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.51). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The business had revenue of $384.46 million during the quarter, compared to analysts’ expectations of $343.10 million. On average, equities analysts expect that Beyond will post -1.59 EPS for the current fiscal year.

Beyond Company Profile

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.