With 2.37 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.21 million shares. The 52-week range on BYON shows that it touched its highest point at $22.65 and its lowest point at $3.54 during that stretch. It currently has a 1-year price target of $7.20. Beta for the stock currently stands at 3.14.
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 down-trending over the past week, with a drop of -8.13%, but this was down by -6.80% over a month. Three-month performance dropped to -47.11% while six-month performance fell -42.26%. The stock lost -80.50% in the past year, while it has lost -22.11% so far this year. A look at the trailing 12-month EPS for BYON yields -4.66 with Next year EPS estimates of -1.02. For the next quarter, that number is -0.35. This implies an EPS growth rate of 55.61% for this year and 40.09% for next year. EPS is expected to grow by 46.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -9.95%.
Float and Shares Shorts:
At present, 56.83 million BYON shares are outstanding with a float of 56.67 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BYON since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.98359 being high and -$4.48572 being low. For BYON, this leads to a yearly average estimate of -$4.18444. Based on analyst estimates, the high estimate for the next quarter is -$0.23 and the low estimate is -$0.59. The average estimate for the next quarter is thus -$0.37.
