Beyond (NYSE:BYON) Shares Up 7.8%

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BYON. Barclays lifted 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. Piper Sandler dropped their price target 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. Compass Point assumed coverage on shares of Beyond in a research note on Thursday, February 1st. They set a “buy” rating and a $45.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Beyond in a research report on Friday, April 12th. Finally, Wedbush reissued an “outperform” rating and issued a $43.00 price objective on shares of Beyond in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Beyond has an average rating of “Moderate Buy” and an average price target of $39.00.

Beyond Trading Up 9.0 %

The business’s 50-day moving average price is $30.02. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -3.28 and a beta of 3.92. 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 posted its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.51). The business had revenue of $384.46 million during the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. As a group, research analysts forecast that Beyond, Inc. will post -1.85 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.