Beyond Meat Inc (NASDAQ: BYND) Emerges As Guiding Light For Investors

Beyond Meat Inc (NASDAQ:BYND) currently has a daily average trading volume of 3.18M but it saw 3311578 shares traded in last market. With a market cap of 251.03M USD, the company’s current market price of $3.85 came rising about 2.39 while comparing to the previous closing price of $3.76. In past 52 weeks, the stock remained buoying in the range of price level as high as $12.12 and as low as $3.30. In the recent trading on the day, stock has struck highest price mark of $3.79 while lowest mark touched by it was $4.0.

Taking a look at 20-day trading activity of Beyond Meat Inc (BYND) gives us an average price of $3.93, while its current price level is -68.23% below from 52-week high level whereas it is 16.67% 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 $4.93 while that of 200 days or SMA-200 reads an average of $6.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.01% during that period while stretching the period over a month that decreases to 6.55%. 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 40.65 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 8.45% up while it is -22.38% when we observe its performance for the past one month. Year-to-date it is 2.39% up and over the past year, the stock is showing a downside performance of -52.99%.

Currently, Beyond Meat Inc’s total number of outstanding shares is 65.17M. 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 0.78. Its return on asset (ROA) is -33.35% on average.