Beyond Inc (NYSE: BYON) Fell -402.01%, Predicting What To Expect In The Near Future

During the last session, Beyond Inc (NYSE:BYON)’s traded shares were 1.32 million, with the beta value of the company hitting 3.66. At the end of the trading day, the stock’s price was $9.96, reflecting an intraday gain of 0.10% or $0.01. The 52-week high for the BYON share is $37.10, that puts it down -272.49 from that peak though still a striking 10.54% gain since the share price plummeted to a 52-week low of $8.91. The company’s market capitalization is $455.67M, and the average intraday trading volume over the past 10 days was 1.54 million shares, and the average trade volume was 2.16 million shares over the past three months.

Beyond Inc (BYON) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.45. BYON has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.67.

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Beyond Inc (NYSE:BYON) trade information

Beyond Inc (BYON) registered a 0.10% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.10% in intraday trading to $9.96, hitting a weekly high. The stock’s 5-day price performance is 8.38%, and it has moved by -9.54% in 30 days. Based on these gigs, the overall price performance for the year is -40.43%. The short interest in Beyond Inc (NYSE:BYON) is 5.69 million shares and it means that shorts have 3.24 day(s) to cover.

The consensus price target of analysts on Wall Street is $36, which implies an increase of 72.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $11 and $50 respectively. As a result, BYON is trading at a discount of -402.01% off the target high and -10.44% off the low.

Beyond Inc (BYON) estimates and forecasts

Statistics show that Beyond Inc has underperformed its competitors in share price, compared to the industry in which it operates. Beyond Inc (BYON) shares have gone down -63.64% during the last six months, with a year-to-date growth rate less than the industry average at -82.05% against 13.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -9.80% this quarter and then jump 57.40% in the quarter after that. In the rating firms’ projections, revenue will decrease -2.10% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 352.51M as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 391.33M by the end of current fiscal year.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.08%. While earnings are projected to return -76.41% in 2024.

BYON Dividends

Beyond Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.