Beyond Inc (NYSE: BYON) Could Post Excellent Profits?

In today’s recent session, 0.63 million shares of the Beyond Inc (NYSE:BYON) have been traded, and its beta is 3.67. Most recently the company’s share price was $7.02, and it changed around $0.02 or 0.25% from the last close, which brings the market valuation of the company to $321.05M. BYON at last check was trading at a discount to its 52-week high of $37.10, offering almost -428.49% off that amount. The share price’s 52-week low was $6.06, which indicates that the recent value has risen by an impressive 13.68% since then. We note from Beyond Inc’s average daily trading volume that its 10-day average is 3.73 million shares, with the 3-month average coming to 2.31 million.

Beyond Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.42. If we narrow it down even further, the data shows that 0 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended BYON as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Beyond Inc is expected to report earnings per share of -0.74 for the current quarter.

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Beyond Inc (NYSE:BYON) trade information

Instantly BYON has been showing a green trend so far today with a performance of 0.25% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.44 on recent trading dayincreased the stock’s daily price by 32.76%. The company’s shares are currently down -74.66% year-to-date, but still down -30.93% over the last five days. On the other hand, Beyond Inc (NYSE:BYON) is -30.38% down in the 30-day period. We can see from the shorts that 6.34 million shares have been sold at a short interest cover period of 3.9 day(s).

The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 73.0% from its current value. Analyst projections state that BYON is forecast to be at a low of $11 and a high of $50.

Beyond Inc (BYON) estimates and forecasts

Beyond Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -65.14 percent over the past six months and at a -92.31% annual growth rate that is well below the industry average of 16.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 39.30% in revenue this quarter, and will report an increase of 63.00% in the next quarter. The year-over-year growth rate is expected to be -8.30%, down from the previous year.

Consensus estimates provided by 9 financial analysts predict the company will bring in an average of 335.67M in revenue for the current quarter. 8 analysts expect Beyond Inc to make 354.09M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 384.46M and 382.28M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -12.70%. Forecasts for the next quarter put sales growth at -7.40%. Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.08%.