Why Beyond Inc (NYSE: BYON) Is A Stock Not To Be Discarded In 2024

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In the last trading session, 1.74 million shares of the Beyond Inc (NYSE:BYON) were traded, and its beta was 3.75. Most recently the company’s share price was $6.08, and it changed around -$0.01 or -0.16% from the last close, which brings the market valuation of the company to $275.88M. BYON currently trades at a discount to its 52-week high of $37.10, offering almost -510.2% off that amount. The share price’s 52-week low was $5.95, which indicates that the current value has risen by an impressive 2.14% since then. We note from Beyond Inc’s average daily trading volume that its 10-day average is 2.69 million shares, with the 3-month average coming to 2.23 million.

Beyond Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.27. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 9 recommended BYON as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.

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Beyond Inc (NYSE:BYON) trade information

Instantly BYON has showed a red trend with a performance of -0.16% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.70 on recent trading dayincreased the stock’s daily price by 9.25%. The company’s shares are currently down -78.04% year-to-date, but still down -6.46% over the last five days. On the other hand, Beyond Inc (NYSE:BYON) is -42.21% down in the 30-day period. We can see from the shorts that 7.37 million shares have been sold at a short interest cover period of 2.83 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 76.62% 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 -64.90 percent over the past six months and at a -92.31% annual growth rate that is well below the industry average of 14.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.08%.

BYON Dividends

Beyond Inc’s next quarterly earnings report is expected to be released on 2025-Feb-18.