Beyond Meat Inc (BYND) Outlook Starting To Look Brighter?

Beyond Meat Inc (BYND) concluded trading on Wednesday at a closing price of $7.17, with 4.42 million shares of worth about $31.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.65% during that period and on July 17, 2024 the price saw a loss of about -4.27%. Currently the company’s common shares owned by public are about 64.62M shares, out of which, 60.72M shares are available for trading.

Stock saw a price change of 5.13% in past 5 days and over the past one month there was a price change of 7.82%. Year-to-date (YTD), BYND shares are showing a performance of -19.44% which decreased to -57.35% 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 $17.96 during that period. The average intraday trading volume for Beyond Meat Inc shares is 2.58 million. The stock is currently trading 6.31% above its 20-day simple moving average (SMA20), while that difference is down -0.09% for SMA50 and it goes to -4.80% 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 47.31% of that.

The stock has a current market capitalization of $465.19M and its 3Y-monthly beta is at 2.28. It has posted earnings per share of -$5.17 in the same period. It has Quick Ratio of 2.72. 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 7.11% while standing at 6.35% over the month.

Stock’s fiscal year EPS is expected to rise by 57.38% while it is estimated to increase by 23.32% 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.

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