Beyond Meat Inc (NASDAQ:BYND) currently has a daily average trading volume of 2.99M but it saw 2183085 shares traded in last market. With a market cap of 411.70M USD, the company’s current market price of $6.33 came falling about -0.94 while comparing to the previous closing price of $6.39. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.53 and as low as $5.13. In the recent trading on the day, stock has struck highest price mark of $6.26 while lowest mark touched by it was $6.55.
Taking a look at 20-day trading activity of Beyond Meat Inc (BYND) gives us an average price of $5.98, while its current price level is -49.48% below from 52-week high level whereas it is 23.39% 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 $6.38 while that of 200 days or SMA-200 reads an average of $7.32. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.28% during that period while stretching the period over a month that increases to 8.90%. 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 52.64 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 3.09% up while it is 4.11% when we observe its performance for the past one month. Year-to-date it is -28.88% down and over the past year, the stock is showing a downside performance of -45.19%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.09 beaten by the consensus estimate of -0.89 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-06, for which analysts forecasted an EPS of -0.45 while estimate for next year EPS is -2.11. In next quarter, company is expected to be making quarterly sales of $78.31M as analysts are expecting the sales for current fiscal year at $328.65M and seeing the company making $344.1M in sales next year. Moreover, analysts are in estimates of $80.95M for current-quarter revenue.
Currently, Beyond Meat Inc’s total number of outstanding shares is 64.62M with 4.98% of that held by the insiders while 44.29% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -50.09%. Stock’s beta reads 2.26. Stock has a price to sale or P/S ratio amounts to 1.30. Its return on asset (ROA) is -37.44% on average.
