Beyond (NYSE:BYON) Shares Gap Up to $23.55

Shares of Beyond, Inc. (NYSE:BYON) gapped up before the market opened on Wednesday . The stock had previously closed at $23.55, but opened at $24.43. Beyond shares last traded at $23.84, with a volume of 1,079,454 shares traded.

Analyst Upgrades and Downgrades

BYON has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Beyond in a research report on Friday, April 12th. Barclays boosted their target price on shares of Beyond from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Thursday, February 22nd. Piper Sandler reduced their target price on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research report on Thursday. Compass Point assumed coverage on shares of Beyond in a research report on Thursday, February 1st. They issued a “buy” rating and a $45.00 target price for the company. Finally, Maxim Group began coverage on shares of Beyond in a research report on Wednesday. They issued a “buy” rating and a $50.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $39.00.

Beyond Stock Down 1.0 %

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -3.44 and a beta of 3.76. The stock’s 50 day moving average price is $30.92. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Beyond (NYSE:BYON) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.71) by ($0.51). The company 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%. As a group, analysts predict that Beyond, Inc. will post -1.59 EPS for the current fiscal 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.