Beyond Meat Inc (NASDAQ:BYND) currently has a daily average trading volume of 2.32M but it saw 2047142 shares traded in last market. With a market cap of 326.67M USD, the company’s current market price of $5.01 came falling about -2.72 while comparing to the previous closing price of $5.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.12 and as low as $4.79. In the recent trading on the day, stock has struck highest price mark of $5.0005 while lowest mark touched by it was $5.21.
Taking a look at 20-day trading activity of Beyond Meat Inc (BYND) gives us an average price of $5.69, while its current price level is -58.66% below from 52-week high level whereas it is 4.59% 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 $6.18 while that of 200 days or SMA-200 reads an average of $6.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.33% during that period while stretching the period over a month that increases to 5.80%. 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 36.24 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 -5.47% down while it is -19.06% when we observe its performance for the past one month. Year-to-date it is -43.71% down and over the past year, the stock is showing a downside performance of -20.85%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.92 beaten by the consensus estimate of -0.89 for the same. The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of -0.43 while estimate for next year EPS is -2.1. In next quarter, company is expected to be making quarterly sales of $78.68M as analysts are expecting the sales for current fiscal year at $325.37M and seeing the company making $336.15M in sales next year. Moreover, analysts are in estimates of $76.37M for current-quarter revenue.
Currently, Beyond Meat Inc’s total number of outstanding shares is 64.62M with 4.91% of that held by the insiders while 47.28% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -44.62%. Stock’s beta reads 2.26. Stock has a price to sale or P/S ratio amounts to 1.01. Its return on asset (ROA) is -33.35% on average.
