Needham has recently reiterated Beyond Inc (BYON) stock to Buy rating, as announced on October 25, 2024, according to Finviz. Earlier, on October 25, 2024, Maxim Group had reiterated the stock to Buy, setting a price target of $26 for BYON stock. BofA Securities also reduced Underperform rating with a price target of $6. Additionally, Needham resumed Buy rating on October 23, 2024, with a target price of $13. Maxim Group analysts, in their report published on May 8, 2024, also reiterated Buy rating and set a price target of $36 for Beyond Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Beyond Inc (BYON) Stock Trading Recap
On Monday, Beyond Inc (BYON) stock saw a modest uptick, ending the day at $6.5 which represents a slight increase of $0.09 or 1.40% from the prior close of $6.41. The stock opened at $6.45 and touched a low of $6.18 during the day, reaching a high of $6.65. The volume of shares traded was 4.05 million exceeding the average volume of 2.20 million.
BYON Stock Performance and Moving Averages
In recent trading, Beyond Inc (BYON) stock price has shown some volatility, fluctuating 2.52% over the last five trades and -37.20% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -67.16%, and it has plunged by -34.41% in the previous three months. Currently, BYON is trading at -16.51%, -29.96%, and -62.84% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BYON, a Consumer Cyclical sector stock, is trading -82.48% below its 52-week high but remains 7.26% above its 52-week low. The Average True Range (ATR) (14 days) of 0.6 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Beyond Inc’s Profitability and Valuation Ratios
Beyond Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -14.40% and a profit margin of -22.93%, with a gross margin of -67.16%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Beyond Inc’s market capitalization stands at $308.45 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.21, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 1.52, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.88% of Beyond Inc (BYON)’s shares, while financial institutions hold 64.36%.
