Beyond Meat Inc. (NASDAQ:BYND)’s traded shares stood at 2.48 million during the last session, with the company’s beta value hitting 2.02. At the close of trading, the stock’s price was $17.05, to imply a decrease of -4.21% or -$0.75 in intraday trading. The BYND share’s 52-week high remains $53.47, putting it -213.61% down since that peak but still an impressive 35.31% since price per share fell to its 52-week low of $11.03. The company has a valuation of $1.10B, with an average of 2.07 million shares in intraday trading volume over the past 10 days and average of 2.90 million shares over the past 3 months.
Beyond Meat Inc. (NASDAQ:BYND) trade information
After registering a -4.21% downside in the last session, Beyond Meat Inc. (BYND) has traded red over the past five days. The stock hit a weekly high of 18.68 this Wednesday, 03/15/23, dropping -4.21% in its intraday price action. The 5-day price performance for the stock is -6.22%, and 5.51% over 30 days. With these gigs, the year-to-date price performance is 38.51%. Short interest in Beyond Meat Inc. (NASDAQ:BYND) saw shorts transact 21.39 million shares and set a 8.41 days time to cover.
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Beyond Meat Inc. (BYND) estimates and forecasts
Looking at statistics comparing Beyond Meat Inc. share performance against respective industry, we note that the company has outperformed competitors. Beyond Meat Inc. (BYND) shares are -19.27% down over the last 6 months, with its year-to-date growth rate higher than industry average at 39.65% against -17.50%. Revenue is forecast to grow 7.10% this quarter before jumping 35.40% for the next one. The rating firms project that company’s revenue will shrink -10.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is $75.92 million. Meanwhile, for the quarter ending Mar 2023, a total of 11 analyst(s) estimate revenue growth to $94.1 million.Earnings reports from the last fiscal year show that sales brought in $100.68 million and $109.45 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -24.60% before dropping -14.00% in the following quarter.
Beyond Meat Inc. has its next earnings report out between May 09 and May 15. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Beyond Meat Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Beyond Meat Inc. (NASDAQ:BYND)’s Major holders
Beyond Meat Inc. insiders hold 9.18% of total outstanding shares, with institutional holders owning 42.98% of the shares at 47.33% float percentage. In total, 42.98% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 5.71 million shares (or 8.96% of shares), all amounting to roughly $80.91 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 3.96 million shares, or about 6.21% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $56.12 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Beyond Meat Inc. (BYND) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.65 million shares. This is just over 2.60% of the total shares, with a market valuation of $23.44 million. Data from the same date shows that the other fund manager holds a little less at 1.45 million, or 2.28% of the shares, all valued at about 20.6 million.