Beyond Meat, Inc. (NASDAQ:BYND) has seen 6,474,557 shares traded in the recent trading session. The company, currently valued at $7.95 Billion, closed the recent trade at $127.72 per share which meant it lost -$13 on the day or -9.85% during that session. The BYND stock price is -87.68% off its 52-week high price of $239.71 and 62.28% above the 52-week low of $48.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.21 Million shares traded. The 3-month trading volume is 8.99 Million shares.
The consensus among analysts is that Beyond Meat, Inc. (BYND) is a Hold stock at the moment, with a recommendation rating of 2.8. 6 analysts rate the stock as a Sell, while none rate it as Overweight. 10 out of 21 have rated it as a Hold, with 4 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.
Beyond Meat, Inc. (NASDAQ:BYND) trade information
Despite being -10.12% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the BYND stock price touched $160.14 or saw a rise of 20.51%. Year-to-date, Beyond Meat, Inc. shares have moved 68.39%, while the 5-day performance has seen it change -20.25%. Over the past 30 days, the shares of Beyond Meat, Inc. (NASDAQ:BYND) have changed -0.77%. Short interest in the company has seen 5.43 Million shares shorted with days to cover at 0.6.
Wall Street analysts have a consensus price target for the stock at $97.13, which means that the shares’ value could jump -23.95% from current levels. The projected low price target is $42 while the price target rests at a high of $173. In that case, then, we find that the current price level is +35.45% off the targeted high while a plunge would see the stock lose -67.12% from current levels.
Beyond Meat, Inc. (BYND) estimates and forecasts
Figures show that Beyond Meat, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +85.45% over the past 6 months, with this year growth rate of -275%, compared to 2.8% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 91.7% and 16.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +54.5%.
16 analysts offering their estimates for the company have set an average revenue estimate of $97.9 Million for the current quarter. 16 have an estimated revenue figure of $129.15 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $67.25 Million and $91.96 Million respectively for this quarter and the next, and analysts expect sales will grow by 45.6% for the current quarter and 40.4% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +0% over the past 5 years. Earnings growth for 2020 is a modest +42.6% while over the next 5 years, the company’s earnings are expected to increase by 0%.
Beyond Meat, Inc. (NASDAQ:BYND)’s Major holders
Insiders own 18.38% of the company shares, while shares held by institutions stand at 31.22% with a share float percentage of 38.24%. Investors are also buoyed by the number of investors in a company, with Beyond Meat, Inc. having a total of 387 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 3.14 Million shares worth more than $208.98 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 5.04% of shares outstanding.
The other major institutional holder is Susquehanna International Group, LLP, with the holding of over 2.25 Million shares as of March 30, 2020. The firm’s total holdings are worth over $149.59 Million and represent 3.61% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of March 30, 2020, the former fund manager holds about 1.88% shares in the company for having 1172111 shares of worth $78.06 Million while later fund manager owns 1.03 Million shares of worth $68.88 Million as of March 30, 2020, which makes it owner of about 1.66% of company’s outstanding stock.