Beyond (NYSE:BYON) Shares Gap Up to $23.55

Shares of Beyond, Inc. (NYSE:BYON) gapped up before the market opened on Wednesday . The stock had previously closed at $23.55, but opened at $24.43. Beyond shares last traded at $23.84, with a volume of 1,079,454 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BYON shares. Piper Sandler upped their target price on Beyond from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Barclays upped their target price on Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd. Wedbush reissued an “outperform” rating and issued a $35.00 target price (up from $33.00) on shares of Beyond in a research report on Wednesday, February 21st. Compass Point started coverage on Beyond in a research report on Thursday, February 1st. They issued a “buy” rating and a $45.00 target price on the stock. Finally, Maxim Group started coverage on Beyond in a research report on Wednesday. They issued a “buy” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Beyond Trading Up 1.4 %

The business has a 50-day moving average price of $30.91. The company has a market capitalization of $1.09 billion, a P/E ratio of -3.52 and a beta of 3.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45.

Beyond (NYSE:BYON) last announced its quarterly earnings results 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). The company had revenue of $384.46 million for the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. Equities research analysts anticipate that Beyond, Inc. will post -1.59 EPS for the current 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.