In the last trading session, 5.33 million shares of the Beyond Meat Inc (NASDAQ:BYND) were traded, and its beta was 2.43. Most recently the company’s share price was $7.96, and it changed around $0.8 or 11.25% from the last close, which brings the market valuation of the company to $516.13M. BYND currently trades at a discount to its 52-week high of $19.25, offering almost -141.83% off that amount. The share price’s 52-week low was $5.58, which indicates that the current value has risen by an impressive 29.9% since then. We note from Beyond Meat Inc’s average daily trading volume that its 3-month average coming to 3.62 million.
Beyond Meat Inc (NASDAQ:BYND) trade information
Instantly BYND has showed a green trend with a performance of 11.25% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently down -10.56% year-to-date, but still down -3.28% over the last five days. On the other hand, Beyond Meat Inc (NASDAQ:BYND) is 19.88% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $48.7, which translates to bulls needing to increase their stock price by 83.66% from its current value. Analyst projections state that BYND is forecast to be at a low of $3 and a high of $122.
Beyond Meat Inc (BYND) estimates and forecasts
Beyond Meat Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 17.23 percent over the past six months and at a 43.65% annual growth rate that is well above the industry average of 21.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 41.00% in revenue this quarter, and will report an increase of 56.00% in the next quarter. The year-over-year growth rate is expected to be -5.80%, down from the previous year.
Consensus estimates provided by 11 financial analysts predict the company will bring in an average of $87.92 million in revenue for the current quarter. 11 analysts expect Beyond Meat Inc to make $80.58 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $102.15 million and $75.31 million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -13.90%. Forecasts for the next quarter put sales growth at 7.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -60.31%. Beyond Meat Inc earnings are expected to increase by 56.39% in 2024, but the outlook is positive 10.00% per year for the next five years.
