After A 3.73% Gain In Share Price, Is Beyond Meat Inc. (NASDAQ:BYND) A Better Trade Than Others? – Marketing Sentinel
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After A 3.73% Gain In Share Price, Is Beyond Meat Inc. (NASDAQ:BYND) A Better Trade Than Others?

In recent trading session, Beyond Meat Inc. (NASDAQ:BYND) saw 2.5 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $70.14 trading at $2.52 or 3.73% at last check today assigns it a market valuation of $4.19B. That most recent trading price of BYND’s stock is at a discount of -215.08% from its 52-week high price of $221.00 and is indicating a premium of 17.31% from its 52-week low price of $58.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.92 million shares which gives us an average trading volume of 3.86 million if we extend that period to 3-months.

For Beyond Meat Inc. (BYND), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.20. Splitting up the data highlights that, out of 20 analysts covering the stock, 6 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 11 suggested the stock as a Hold whereas 2 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.68 in the current quarter.

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Beyond Meat Inc. (NASDAQ:BYND) trade information

Upright in the green today for gaining 3.73%, in the last five days BYND remained trading in the green while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $70.14 price level, adding 4.35% to its value on the day. Beyond Meat Inc.’s shares saw a change of 3.78% in year-to-date performance and have moved 15.61% in past 5-day. Beyond Meat Inc. (NASDAQ:BYND) showed a performance of 6.62% in past 30-days. Number of shares sold short was 20.82 million shares which calculate 6.53 days to cover the short interests.

Beyond Meat Inc. (BYND) estimates and forecasts

Statistics highlight that Beyond Meat Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -47.62% of value to its shares in past 6 months, showing an annual growth rate of -285.00% while that of industry is 12.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -100.00% in the current quarter and calculating -35.70% decrease in the next quarter. This year revenue growth is estimated to rise 14.50% from the last financial year’s standing.

13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $101.75 million for the same. And 10 analysts are in estimates of company making revenue of $135.63 million in the next quarter that will end on Mar 2022. Company posted $101.94 million and $108.16 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -0.20% while estimating it to be 25.40% for the next quarter.

BYND Dividends

Beyond Meat Inc. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Beyond Meat Inc. (NASDAQ:BYND)’s Major holders

Insiders are in possession of 11.15% of company’s total shares while institution are holding 61.15 percent of that, with stock having share float percentage of 68.83%. Investors also watch the number of corporate investors in a company very closely, which is 61.15% institutions for Beyond Meat Inc. that are currently holding shares of the company. Baillie Gifford and Company is the top institutional holder at BYND for having 8.56 million shares of worth $900.95 million. And as of Sep 29, 2021, it was holding 13.53% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 4.99 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.89% of outstanding shares, having a total worth of $525.39 million.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 1.62 million shares of worth $170.12 million or 2.55% of the total outstanding shares. The later fund manager was in possession of 1.42 million shares on Sep 29, 2021, making its stake of worth around $149.46 million in the company or a holder of 2.24% of company’s stock.

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