Beyond Meat Inc (BYND) concluded trading on Wednesday at a closing price of $8.87, with 3.41 million shares of worth about $30.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.02% during that period and on March 13, 2024 the price saw a gain of about 8.17%. Currently the company’s common shares owned by public are about 64.62M shares, out of which, 60.46M shares are available for trading.
Stock saw a price change of 9.91% in past 5 days and over the past one month there was a price change of 27.99%. Year-to-date (YTD), BYND shares are showing a performance of -0.34% which decreased to -49.60% 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 $19.25 during that period. The average intraday trading volume for Beyond Meat Inc shares is 3.87 million. The stock is currently trading 10.98% above its 20-day simple moving average (SMA20), while that difference is up 16.91% for SMA50 and it goes to -10.67% lower than SMA200.
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Beyond Meat Inc (NASDAQ: BYND) currently have 64.62M outstanding shares and institutions hold larger chunk of about 46.82% of that.
The stock has a current market capitalization of $573.71M and its 3Y-monthly beta is at 2.44. It has posted earnings per share of -$5.25 in the same period. It has Quick Ratio of 3.26. 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 7.35% while standing at 10.17% over the month.
Analysts are in expectations that Beyond Meat Inc (BYND) stock would likely to be making an EPS of -$0.66 in the current quarter, while forecast for next quarter EPS is -$0.54 and it is -$1.87 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.8 which is -$0.55 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 -$0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 54.89% while it is estimated to increase by 21.36% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of -60.31% made by the stock over the past 5-years.
Coverage by Consumer Edge Research stated Beyond Meat Inc (BYND) stock as an Underweight in their note to investors on November 13, 2023, suggesting a price target of $5 for the stock. On October 12, 2023, Mizuho Downgrade their recommendations, while on September 13, 2023, TD Cowen Initiated their ratings for the stock with a price target of $10. Stock get a Market perform rating from BMO Capital Markets on April 14, 2023.
