Beyond Meat Inc (NASDAQ:BYND) does about 3.60M shares in volume on a normal day but saw 1427538 shares change hands in Tuesday trading. The company now has a market cap of 483.16M USD. Its current market price is $7.47, marking an increase of 1.22% compared to the previous close of $7.38. The 52 week high reached by this stock is $19.25 whilst the lowest price level in 52 weeks is $5.58.
Beyond Meat Inc (BYND) has a 20-day trading average at $7.98 and the current price is -61.19% off the 52-week high compared with 33.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $7.68 and its 200-day simple moving average is $9.57. If we look at the stock’s price movements over the week, volatility stands at 3.68%, which increases to 5.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.31 to suggest the stock is neutral.
The consensus objective for the share price is $7.00, suggesting that the stock has a potential downside of -6.71% over the period.
Consumer Edge Research downgraded the stock to “Underweight” from Equal Weight on November 13, 2023 at a price target of $5. Mizuho downgraded its price target at $12-$5.
Beyond Meat Inc (BYND) stock is down -1.97% over the week and -8.34% over the past month. Its price is -16.07% year-to-date and -51.27% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$0.92 below consensus estimates by -$0.04. BYND’s earnings per share are forecast to grow by 39.00% this year and 18.70% over next year. Expected sales for next quarter are $96.03 million, which analysts say will come at $329.8 million for the current fiscal year and next year at $356.26 million. In addition, estimates put the company’s current quarterly revenue at an average of $75.38 million.
To reach the target analysts have set, the stock logically needs to shrink -6.71 percent from here.
Outstanding shares total 64.62M with insiders holding 8.73% of the shares and institutional holders owning 38.74% of the company’s common stock. The company has a return on investment of -48.30%. The beta has a value of 2.42. Price to sales ratio is 1.41.
