Beyond Inc (NYSE: BYON) stock jumped 2.14% on Friday to $16.22 against a previous-day closing price of $15.88. With 1.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.46 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $16.33 whereas the lowest price it dropped to was $15.76. The 52-week range on BYON shows that it touched its highest point at $39.27 and its lowest point at $13.71 during that stretch. It currently has a 1-year price target of $22.50. Beta for the stock currently stands at 3.57.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BYON was up-trending over the past week, with a rise of 2.40%, but this was up by 1.00% over a month. Three-month performance dropped to -35.20% while six-month performance fell -9.89%. The stock lost -31.53% in the past year, while it has lost -16.22% so far this year. A look at the trailing 12-month EPS for BYON yields -3.62 with Next year EPS estimates of -2.16. For the next quarter, that number is -0.82. This implies an EPS growth rate of -464.54% for this year and -14.03% for next year.
Float and Shares Shorts:
At present, 44.95 million BYON shares are outstanding with a float of 44.51 million shares on hand for trading. On Oct 12, 2023, short shares totaled 4.55 million, which was 10.05% higher than short shares on Sep 14, 2023. In addition to Mr. David J. Nielsen as the firm’s Interim CEO & President, Ms. Adrianne B. Lee serves as its Chief Financial Officer.
Through their ownership of 70.37% of BYON’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 37.14% of BYON, in contrast to 32.11% held by mutual funds. Shares owned by individuals account for 31.25%. As the largest shareholder in BYON with 9.30% of the stake, The Vanguard Group, Inc. holds 4,201,772 shares worth 4,201,772. A second-largest stockholder of BYON, JAT Capital Management LP, holds 3,348,806 shares, controlling over 7.41% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in BYON, holding 2,837,881 shares or 6.28% stake. With a 3.11% stake in BYON, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 1,406,301 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.57% of BYON stock, is the second-largest Mutual Fund holder. It holds 1,161,643 shares valued at 18.12 million. iShares Russell 2000 ETF holds 2.34% of the stake in BYON, owning 1,055,333 shares worth 16.46 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BYON since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BYON analysts setting a high price target of $41.00 and a low target of $16.00, the average target price over the next 12 months is $22.50. Based on these targets, BYON could surge 152.77% to reach the target high and fall by -1.36% to reach the target low. Reaching the average price target will result in a growth of 38.72% from current levels.
Summary of Insider Activity:
Insiders traded BYON stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 136,100 shares were bought while 366 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 32 over the past year. The total number of shares bought during that period was 292,415 while 66,017 shares were sold.