Beyond (NYSE:BYON) Trading Up 7.8%

Beyond, Inc. (NYSE:BYON)’s share price traded up 7.8% on Friday . The stock traded as high as $22.24 and last traded at $22.04. 1,230,704 shares traded hands during trading, a decline of 13% from the average session volume of 1,409,935 shares. The stock had previously closed at $20.45.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BYON shares. Maxim Group initiated coverage on Beyond in a report on Wednesday, April 17th. They issued a “buy” rating and a $50.00 target price for the company. Wedbush reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Beyond in a research report on Tuesday. Barclays boosted their target price on shares of Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Thursday, February 22nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Beyond in a report on Friday, April 12th. Finally, Piper Sandler cut their price objective on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Beyond Stock Up 9.0 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 1.51. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -3.28 and a beta of 3.92. The firm has a 50 day moving average price of $30.02.

Beyond (NYSE:BYON) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.51). Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. The business had revenue of $384.46 million during the quarter, compared to analysts’ expectations of $343.10 million. As a group, equities analysts anticipate that Beyond, Inc. will post -1.85 earnings per share 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.