Stock Traders Buy High Volume of Beyond Call Options (NYSE:BYON)

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

Beyond Stock Down 4.0 %

Beyond stock opened at $20.64 on Tuesday. The stock has a fifty day simple moving average of $30.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.51 and a quick ratio of 1.45. Beyond has a twelve month low of $13.71 and a twelve month high of $39.27. The company has a market capitalization of $943.93 million, a P/E ratio of -3.04 and a beta of 3.76.

Beyond (NYSE:BYON) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($1.22) EPS for the quarter, missing the consensus estimate of ($0.71) by ($0.51). The company had revenue of $384.46 million during the quarter, compared to analysts’ expectations of $343.10 million. Beyond had a negative return on equity of 16.92% and a negative net margin of 19.72%. As a group, equities analysts expect that Beyond will post -1.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on BYON. Compass Point started coverage on shares of Beyond in a research report on Thursday, February 1st. They issued a “buy” rating and a $45.00 price objective on the stock. Wedbush reissued an “outperform” rating and set a $43.00 price objective on shares of Beyond in a report on Friday, April 19th. Piper Sandler reduced their price objective on shares of Beyond from $27.00 to $26.00 and set a “neutral” rating for the company in a research note on Thursday, April 18th. Barclays boosted their target price on Beyond from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 22nd. Finally, Maxim Group started coverage on shares of Beyond in a research note on Wednesday, April 17th. They issued a “buy” rating and a $50.00 price target for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Beyond currently has an average rating of “Moderate Buy” and an average price target of $39.00.

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.