Last Updated: 13 Nov 2024
Executive Summary
Beyond, Inc. (BYON) is an online retailer of furniture and home furnishings products. The company has faced challenges in recent quarters, with declining revenue and profitability. The stock price has fallen significantly from its 52-week high of $37.10. However, analysts remain cautiously optimistic about the company's long-term prospects.
Company Overview
Beyond, Inc. was founded in 2001 and is headquartered in Midvale, Utah. The company sells a wide range of furniture and home furnishings products, including bedroom, living room, dining room, and office furniture. Beyond, Inc. sells its products through its website and a network of retail stores.
Fundamental Analysis
Beyond, Inc.'s financial performance has been mixed in recent years. The company's revenue has declined in each of the past three quarters. In the most recent quarter, the company reported revenue of $1476.27 million, down 0.166% year-over-year. The company's profitability has also declined, with the company reporting a net loss of $203.48 million in the most recent quarter.
Beyond, Inc.'s financial ratios are also concerning. The company's price-to-sales ratio is 0.202, which is below the industry average. The company's price-to-book ratio is 1.518, which is above the industry average. The company's debt-to-equity ratio is 1.14, which is above the industry average.
Technical Analysis
Beyond, Inc.'s stock price has been in a downtrend since the beginning of the year. The stock price is currently trading at $6.52, which is below its 50-day moving average of $9.28 and its 200-day moving average of $17.49. The stock price is also below its 52-week low of $6.06.
The technical indicators are bearish for Beyond, Inc. The relative strength index (RSI) is below 30, which indicates that the stock is oversold. The moving average convergence divergence (MACD) is below the signal line, which indicates that the stock is in a downtrend.
Short Term Outlook
The short-term outlook for Beyond, Inc. is negative. The stock price is in a downtrend and the technical indicators are bearish. The company's financial performance is also concerning.
Long Term Outlook
The long-term outlook for Beyond, Inc. is more positive. The company has a strong brand and a loyal customer base. The company is also well-positioned to benefit from the growing trend of online shopping.
Analyst Recommendations
Analysts are cautiously optimistic about Beyond, Inc.'s long-term prospects. The consensus analyst rating is "Hold". The average analyst target price is $14.50.
