Currently, there are 63.77M common shares owned by the public and among those 61.08M shares have been available to trade.
Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 593,974 shares. Insider sales of the common stock occurred on 66 occasions, with total insider shares sold totaling 54,660 shares.
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However, the script later moved the day high at 7.84, up 0.94%. The company’s stock has a 5-day price change of 4.74% and 11.24% over the past three months. BYND shares are trading -15.51% year to date (YTD), with the 12-month market performance down to -60.17% lower. It has a 12-month low price of $5.58 and touched a high of $19.72 over the same period. BYND has an average intraday trading volume of 2.92 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.32%, -3.34%, and -25.22% respectively.
Institutional ownership of Beyond Meat Inc (NASDAQ: BYND) shares accounts for 46.95% of the company’s 63.77M shares outstanding.
It has a market capitalization of $485.34M and a beta (3y monthly) value of 2.33. The earnings-per-share (ttm) stands at -$3.90. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.07% over the week and 6.88% over the month.
Analysts forecast that Beyond Meat Inc (BYND) will achieve an EPS of -$0.88 for the current quarter, -$0.8 for the next quarter and -$3.01 for 2024. The lowest estimate earnings-per-share for the quarter is -$1.06 while analysts give the company a high EPS estimate of -$0.57. Comparatively, EPS for the current quarter was -$1.05 a year ago. Earnings per share for the fiscal year are expected to increase by 40.12%, and 34.91% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -62.69% over the past 5-year period.
Looking at the support for the BYND, a number of firms have released research notes about the stock. Consumer Edge Research stated their Underweight rating for the stock in a research note on November 13, 2023, with the firm’s price target at $5. Mizuho coverage for the Beyond Meat Inc (BYND) stock in a research note released on October 12, 2023 offered a Underperform rating with a price target of $5. TD Cowen was of a view on September 13, 2023 that the stock is Underperform, while BMO Capital Markets gave the stock Market Perform rating on April 14, 2023, issuing a price target of $16. Argus on their part issued Sell rating on December 09, 2022.
