Beyond (NYSE:BYON) Trading Down 3.4%

Beyond, Inc. (NYSE:BYON) shares traded down 3.4% on Monday . The stock traded as low as $20.73 and last traded at $20.76. 1,375,827 shares traded hands during trading, a decline of 0% from the average session volume of 1,381,208 shares. The stock had previously closed at $21.49.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BYON shares. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Beyond in a report on Friday, April 12th. Wedbush reaffirmed an “outperform” rating and set a $43.00 price target on shares of Beyond in a report on Tuesday. Piper Sandler reduced their price objective on Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Barclays upped their target price on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, February 22nd. Finally, Maxim Group initiated coverage on shares of Beyond in a research note on Wednesday, April 17th. They issued a “buy” rating and a $50.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Beyond currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Beyond Price Performance

The stock has a 50-day moving average price of $30.30. The stock has a market capitalization of $900.42 million, a price-to-earnings ratio of -2.92 and a beta of 3.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45.

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

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.