Beyond Meat Inc (NASDAQ:BYND) currently has a daily average trading volume of 3.74M but it saw 8580594 shares traded in last market. With a market cap of 242.03M USD, the company’s current market price of $3.18 came falling about -10.67 while comparing to the previous closing price of $3.56. 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.
Taking a look at 20-day trading activity of Beyond Meat Inc (BYND) gives us an average price of $3.90, while its current price level is -73.76% below from 52-week high level whereas it is -3.64% 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 $3.86 while that of 200 days or SMA-200 reads an average of $5.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.89% during that period while stretching the period over a month that decreases to 6.27%. 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 30.40 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 -22.06% down while it is -20.10% when we observe its performance for the past one month. Year-to-date it is -15.43% down and over the past year, the stock is showing a downside performance of -57.32%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.49 while estimate for next year EPS is -1.54. In next quarter, company is expected to be making quarterly sales of $94.81M as analysts are expecting the sales for current fiscal year at $326.37M and seeing the company making $330.44M in sales next year. Moreover, analysts are in estimates of $75.79M for current-quarter revenue.
Currently, Beyond Meat Inc’s total number of outstanding shares is 76.07M with 4.95% of that held by the insiders while 44.32% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -25.99%. Stock’s beta reads 2.35. Stock has a price to sale or P/S ratio amounts to 0.74. Its return on asset (ROA) is -22.07% on average.
