Beyond Meat Inc (NASDAQ:BYND) has a beta value of 2.26 and has seen 0.58 million shares traded in the recent trading session. The company, currently valued at $386.04M, closed the recent trade at $5.95 per share which meant it lost -$0.21 on the day or -3.41% during that session. The BYND stock price is -189.75% off its 52-week high price of $17.24 and 6.22% above the 52-week low of $5.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.19 million shares traded. The 3-month trading volume is 2.77 million shares.
The consensus among analysts is that Beyond Meat Inc (BYND) is Sell stock at the moment, with a recommendation rating of 4.00. 6 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 11 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight.
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Beyond Meat Inc (NASDAQ:BYND) trade information
Sporting -3.41% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the BYND stock price touched $5.95 or saw a rise of 10.93%. Year-to-date, Beyond Meat Inc shares have moved -33.15%, while the 5-day performance has seen it change -17.02%. Over the past 30 days, the shares of Beyond Meat Inc (NASDAQ:BYND) have changed -10.79%. Short interest in the company has seen 23.87 million shares shorted with days to cover at 11.65.
Wall Street analysts have a consensus price target for the stock at $42.5, which means that the shares’ value could jump 86.0% from the levels at last check today. The projected low price target is $3 while the price target rests at a high of $122. In that case, then, we find that the latest price level in today’s session is -1950.42% off the targeted high while a plunge would see the stock lose 49.58% from the levels at last check today.
Beyond Meat Inc (BYND) estimates and forecasts
Figures show that Beyond Meat Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -12.76% over the past 6 months, with this year growth rate of 44.18%, compared to 21.80% for the industry.
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 -60.31% over the past 5 years. Earnings growth for 2024 is a modest 57.38% while over the next 5 years, the company’s earnings are expected to increase by 10.00%.
BYND Dividends
Beyond Meat Inc is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
Insiders own 4.99% of the company shares, while shares held by institutions stand at 47.65% with a share float percentage of 50.15%. Investors are also buoyed by the number of investors in a company, with Beyond Meat Inc having a total of 302.0 institutions that hold shares in the company. The top two institutional holders are PARKWOOD LLC with over 5.4 million shares worth more than $1.29 million. As of 2024-03-31, PARKWOOD LLC held 8.3648% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 5.35 million shares as of 2024-03-31. The firm’s total holdings are worth over $44.31 million and represent 8.2901% of shares outstanding.
