Beyond Inc [NYSE: BYON] stock went on an upward path that rose over 14.21% on Thursday, amounting to a one-week price increase of more than 5.68%.
Over the last 12 months, BYON stock dropped by -64.57%. The one-year Beyond Inc stock forecast points to a potential upside of 49.98. The average equity rating for BYON stock is currently 2.50, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $485.41 million, with 45.41 million shares outstanding and 45.07 million shares in the current float. Compared to the average trading volume of 2.16M shares, BYON stock reached a trading volume of 3337528 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Beyond Inc [BYON]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BYON shares is $21.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BYON stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for Beyond Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 08, 2024. The new note on the price target was released on May 08, 2024, representing the official price target for Beyond Inc stock. Previously, the target price had yet another raise to $50, while Maxim Group analysts kept a Buy rating on BYON stock.
The Average True Range (ATR) for Beyond Inc is set at 0.98, with the Price to Sales ratio for BYON stock in the period of the last 12 months amounting to 0.32. The Price to Book ratio for the last quarter was 1.94, with the Price to Cash per share for the same quarter was set at 4.07.
BYON Stock Performance Analysis:
Beyond Inc [BYON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.68. With this latest performance, BYON shares dropped by -27.77% in over the last four-week period, additionally sinking by -58.33% over the last 6 months – not to mention a drop of -64.57% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BYON stock in for the last two-week period is set at 43.15, with the RSI for the last a single of trading hit 47.26, and the three-weeks RSI is set at 41.05 for Beyond Inc [BYON]. The present Moving Average for the last 50 days of trading for this stock 12.74, while it was recorded at 9.74 for the last single week of trading, and 21.17 for the last 200 days.
Insight into Beyond Inc Fundamentals:
Beyond Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.14.
Beyond Inc [BYON] Institutonal Ownership Details
The top three institutional holders of BYON stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in BYON stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in BYON stock with ownership which is approximately 5.1238%.
