Beyond (NYSE:BYON) Trading Down 3.4%

Beyond, Inc. (NYSE:BYON) shares fell 3.4% on Monday . The company traded as low as $20.73 and last traded at $20.76. 1,375,827 shares were traded during trading, a decline of 0% from the average session volume of 1,381,208 shares. The stock had previously closed at $21.49.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on BYON shares. Wedbush reissued an “outperform” rating and issued a $43.00 price target on shares of Beyond in a report on Tuesday. Barclays boosted their target price on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Beyond in a research note on Friday, April 12th. Compass Point began coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 price target for the company. Finally, Piper Sandler reduced their price objective on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating on the stock in a research note on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Beyond currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Beyond Stock Performance

The business’s fifty day moving average price is $30.30. 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 $900.42 million, a P/E ratio of -2.92 and a beta of 3.76.

Beyond (NYSE:BYON) last released its 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). Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. The company had revenue of $384.46 million during the quarter, compared to analyst estimates of $343.10 million. As a group, equities analysts predict that Beyond, Inc. will post -1.85 EPS for the current fiscal year.

About Beyond

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.