Beyond Meat Inc (NASDAQ:BYND) currently has a daily average trading volume of 3.65M but it saw 1445403 shares traded in last market. With a market cap of 484.45M USD, the company’s current market price of $7.49 came falling about -1.06 while comparing to the previous closing price of $7.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.25 and as low as $5.58.
Taking a look at 20-day trading activity of Beyond Meat Inc (BYND) gives us an average price of $8.07, while its current price level is -61.09% below from 52-week high level whereas it is 34.23% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $7.66 while that of 200 days or SMA-200 reads an average of $9.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.24% during that period while stretching the period over a month that increases to 6.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 43.00 which implies that the stock is in neutral territory.
Consumer Edge Research downgraded its recommendation for the stock as a “Underweight” from “Equal Weight” on November 13, 2023 while assigning a price target of $5. Mizuho issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $12 and $5.
Over the week, BYND’s stock price is moving -9.65% down while it is -10.67% when we observe its performance for the past one month. Year-to-date it is -15.84% down and over the past year, the stock is showing a downside performance of -54.16%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.92 beaten by the consensus estimate of -$0.88 for the same. For BYND, analysts are forecasting an EPS-growth rate of 39.00% for current year and estimate for EPS growth in next year is 18.70%. In next quarter, company is expected to be making quarterly sales of $96.03 million as analysts are expecting the sales for current fiscal year at $329.8 million and seeing the company making $356.26 million in sales next year. Moreover, analysts are in estimates of $75.38 million for current-quarter revenue.
Currently, Beyond Meat Inc’s total number of outstanding shares is 64.62M with 8.73% of that held by the insiders while 38.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -48.30%. Stock’s beta reads 2.42. Stock has a price to sale or P/S ratio amounts to 1.41. Its return on asset (ROA) is -36.82% on average.
