Beyond Meat Inc. (NASDAQ:BYND) has a beta value of 0 and has seen 1,615,089 shares traded in the recent trading session. The company, currently valued at $7.99 Billion, closed the recent trade at $127.11 per share which meant it lost -$4.57 on the day or -3.47% during that session. The BYND stock price is -73.87% off its 52-week high price of $221 and 30.37% above the 52-week low of $88.51. If we look at the companys 10-day average daily trading volume, we find that it stood at 1.9 Million shares traded. The 3-month trading volume is 2.77 Million shares.
The consensus among analysts is that Beyond Meat Inc. (BYND) is a Hold stock at the moment, with a recommendation rating of 3. 4 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. 3 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.19.
Beyond Meat Inc. (NASDAQ:BYND) trade information
Despite being -3.47% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the BYND stock price touched $137.39 or saw a rise of 8.11%. Year-to-date, Beyond Meat Inc. shares have moved 1%, while the 5-day performance has seen it change -4.4%. Over the past 30 days, the shares of Beyond Meat Inc. (NASDAQ:BYND) have changed -3.91%. Short interest in the company has seen 12.92 Million shares shorted with days to cover at 4.66.
Wall Street analysts have a consensus price target for the stock at $124.13, which means that the shares value could jump -2.34% from the levels at last check today. The projected low price target is $58 while the price target rests at a high of $190. In that case, then, we find that the latest price level in todays session is +49.48% off the targeted high while a plunge would see the stock lose -54.37% from the levels at last check today.
Beyond Meat Inc. (BYND) estimates and forecasts
Figures show that Beyond Meat Inc. shares have underperformed across the wider relevant industry. The companys shares have lost -15.62% over the past 6 months, with this year growth rate of -15%, compared to 1.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -733.3% and -450% for the next quarter. Revenue growth from the last financial year stood is estimated to be +41.2%.
17 analysts offering their estimates for the company have set an average revenue estimate of $113.83 Million for the current quarter. 15 have an estimated revenue figure of $143.5 Million for the next quarter concluding in June 01, 2021. Year-ago sales stood $97.07 Million and $113.34 Million respectively for this quarter and the next, and analysts expect sales will grow by 17.3% for the current quarter and 26.6% for the next.
Earnings growth for 2021 is a modest -187.7%.
Beyond Meat Inc. (NASDAQ:BYND)s Major holders
Insiders own 9.08% of the company shares, while shares held by institutions stand at 51.65% with a share float percentage of 56.81%. Investors are also buoyed by the number of investors in a company, with Beyond Meat Inc. having a total of 645 institutions that hold shares in the company. The top two institutional holders are Baillie Gifford and Company with over 5.32 Million shares worth more than $665.3 Million. As of December 30, 2020, Baillie Gifford and Company held 8.46% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 4.09 Million shares as of December 30, 2020. The firms total holdings are worth over $510.96 Million and represent 6.49% 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 December 30, 2020, the former fund manager holds about 2.11% shares in the company for having 1328758 shares of worth $166.09 Million while later fund manager owns 1.11 Million shares of worth $139.2 Million as of December 30, 2020, which makes it owner of about 1.77% of company’s outstanding stock.