Analysts Update Their Price Forecasts For Beyond Meat Inc (BYND)

Beyond Meat Inc (BYND) concluded trading on Wednesday at a closing price of $5.15, with 3.4 million shares of worth about $17.5 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -29.64% during that period and on November 20, 2024 the price saw a gain of about 5.53%. Currently the company’s common shares owned by public are about 64.62M shares, out of which, 61.06M shares are available for trading.

Stock saw a price change of -2.28% in past 5 days and over the past one month there was a price change of -19.53%. Year-to-date (YTD), BYND shares are showing a performance of -42.13% which decreased to -22.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.79 but also hit the highest price of $12.12 during that period. The average intraday trading volume for Beyond Meat Inc shares is 2.29 million. The stock is currently trading -10.60% below its 20-day simple moving average (SMA20), while that difference is down -16.95% for SMA50 and it goes to -24.40% 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 47.07% of that.

The stock has a current market capitalization of $335.79M and its 3Y-monthly beta is at 2.26. It has posted earnings per share of -$4.18 in the same period. It has Quick Ratio of 1.99. 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 5.37% while standing at 5.86% over the month.

Stock’s fiscal year EPS is expected to rise by 59.43% while it is estimated to increase by 27.25% 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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