Beyond (NYSE:BYON) Stock Price Down 3.1% on Disappointing Earnings

Beyond, Inc. (NYSE:BYON)’s share price fell 3.1% during trading on Monday following a weaker than expected earnings announcement. The company traded as low as $21.55 and last traded at $21.60. 423,634 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 1,409,753 shares. The stock had previously closed at $22.28.

The company reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.30). The company had revenue of $382.28 million during the quarter, compared to the consensus estimate of $389.36 million. Beyond had a negative net margin of 19.72% and a negative return on equity of 16.92%. Beyond’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.10) EPS.

Wall Street Analyst Weigh In

Several research firms have recently commented on BYON. Maxim Group lowered their price target on shares of Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a report on Wednesday. Piper Sandler decreased their price target on shares of Beyond from $26.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday. Compass Point started coverage on shares of Beyond in a report on Thursday, February 1st. They set a “buy” rating and a $45.00 price target for the company. Wedbush cut their price objective on shares of Beyond from $43.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Barclays dropped their price target on shares of Beyond from $30.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

Beyond Stock Down 1.2 %

The stock has a fifty day simple moving average of $29.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45. The stock has a market cap of $746.54 million, a P/E ratio of -2.40 and a beta of 3.92.

Beyond Company Profile

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.