Beyond, Inc. (NYSE:BYON) Short Interest Down 8.5% in April

Beyond, Inc. (NYSE:BYON) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 3,870,000 shares, a decline of 8.5% from the March 31st total of 4,230,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 8.6% of the company’s shares are sold short.

Beyond Trading Down 4.0 %

NYSE:BYON traded down $0.85 during mid-day trading on Monday, hitting $20.64. The stock had a trading volume of 2,427,421 shares, compared to its average volume of 1,395,232. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27. The firm’s 50-day simple moving average is $30.44. The company has a quick ratio of 1.45, a current ratio of 1.51 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $943.93 million, a P/E ratio of -3.04 and a beta of 3.76.

Beyond (NYSE:BYON) last announced its quarterly earnings data on Tuesday, February 20th. The company reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). The firm had revenue of $384.46 million during the quarter, compared to analyst estimates of $343.10 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. Sell-side analysts predict that Beyond will post -1.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BYON has been the topic of a number of research analyst reports. Maxim Group assumed coverage on shares of Beyond in a research note on Wednesday, April 17th. They issued a “buy” rating and a $50.00 price target on the stock. Piper Sandler lowered their price target on Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday, April 18th. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Beyond in a research note on Friday, April 12th. Wedbush reiterated an “outperform” rating and set a $43.00 price target on shares of Beyond in a research note on Friday, April 19th. Finally, Barclays lifted their price objective on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Beyond has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.