Beyond Sees Unusually High Options Volume (NYSE:BYON)

Beyond, Inc. (NYSE:BYON) was the target of unusually large options trading on Monday. Stock traders bought 8,646 call options on the stock. This represents an increase of 49% compared to the average daily volume of 5,822 call options.

Wall Street Analysts Forecast Growth

BYON has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 22nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Beyond in a report on Friday, April 12th. Compass Point started coverage on shares of Beyond in a research note on Thursday, February 1st. They issued a “buy” rating and a $45.00 price target for the company. Maxim Group assumed coverage on Beyond in a research note on Wednesday, April 17th. They issued a “buy” rating and a $50.00 price objective on the stock. Finally, Piper Sandler decreased their target price on Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, April 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Beyond Price Performance

Shares of Beyond stock traded down $0.85 during trading on Monday, hitting $20.64. 2,427,421 shares of the stock were exchanged, compared to its average volume of 1,395,232. The company has a current ratio of 1.51, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The business’s 50-day simple moving average is $30.55. The company has a market cap of $943.93 million, a PE ratio of -3.11 and a beta of 3.76. Beyond has a 12-month low of $13.71 and a 12-month high of $39.27.

Beyond (NYSE:BYON) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($1.22) earnings per share 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 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, research analysts forecast that Beyond will post -1.85 earnings per share for the current year.

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.