On October 28, 2024, Marcus Lemonis, Executive Chairman of the Board, purchased 71,428 shares of Beyond Inc (BYON, Financial) at a price of $7 per share, as reported in the SEC Filing. Following this transaction, the insider now owns a total of 436,958 shares of the company.
Beyond Inc operates in the technology sector, providing innovative solutions that enhance digital operations across various industries. The company's commitment to developing cutting-edge technology has positioned it as a key player in its field.
Over the past year, Marcus Lemonis has increased his holdings in the company by purchasing a total of 289,665 shares, with no recorded sales. This recent acquisition is part of a broader trend of insider buying at Beyond Inc, with 16 insider buys and only 3 insider sells over the past year.
Shares of Beyond Inc were trading at $7 on the day of the transaction, giving the company a market cap of approximately $320.725 million. The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjusted for the company's past performance and expected future business outcomes.
The GF Value of $17.02 suggests that Beyond Inc is currently undervalued, with a price-to-GF-Value ratio of 0.41, indicating the stock might be a possible value trap and warrants caution before investment.
This insider buying activity could signal a positive outlook from the executive chairman, who may believe the stock is undervalued or expects strong future growth. Investors should consider these insider transactions alongside comprehensive analysis and market trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
