Beyond Meat Inc (BYND) concluded trading on December 20, 2023 at a closing price of $9.21, with 3.45 million shares of worth about $31.79 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -26.44% during that period and On Wednesday the price saw a loss of about -8.27%. Currently the company’s common shares owned by public are about 63.77M shares, out of which, 60.84M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 91 times over the past 12 months. They bought 795,254 shares in 23 of the transactions. In 68 selling transactions, insiders dumped 56,409 shares.
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Stock saw a price change of -11.70% in past 5 days and over the past one month there was a price change of 38.08%. Year-to-date (YTD), BYND shares are showing a performance of -25.18% which decreased to -30.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.58 but also hit the highest price of $22.87 during that period. The average intraday trading volume for Beyond Meat Inc shares is 2.89 million. The stock is currently trading 7.55% above its 20-day simple moving average (SMA20), while that difference is up 20.70% for SMA50 and it goes to -21.75% lower than SMA200.
Beyond Meat Inc (NASDAQ: BYND) currently have 63.77M outstanding shares and institutions hold larger chunk of about 50.12% of that.
The stock has a current market capitalization of $594.41M and its 3Y-monthly beta is at 2.35. It has posted earnings per share of -$3.90 in the same period. It has Quick Ratio of 3.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BYND, volatility over the week remained 7.63% while standing at 9.24% over the month.
Analysts are in expectations that Beyond Meat Inc (BYND) stock would likely to be making an EPS of -$0.88 in the current quarter, while forecast for next quarter EPS is -$0.8 and it is -$3.01 for next year. For the current quarter EPS, analysts have given the company a lowest target -$1.06 which is -$0.57 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$1.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 34.77% while it is estimated to increase by 19.30% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of -62.69% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Consumer Edge Research on November 13, 2023 offering an Underweight rating for the stock and assigned a target price of $5 to it.
