In last trading session, Beyond Meat Inc (NASDAQ:BYND) saw 1.89 million shares changing hands with its beta currently measuring 2.26. Company’s recent per share price level of $6.08 trading at -$0.08 or -1.30% at ring of the bell on the day assigns it a market valuation of $394.47M. That closing price of BYND’s stock is at a discount of -183.55% from its 52-week high price of $17.24 and is indicating a premium of 8.22% from its 52-week low price of $5.58. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.21 million shares which gives us an average trading volume of 2.77 million if we extend that period to 3-months.
For Beyond Meat Inc (BYND), analysts’ consensus is at an average recommendation of Sell while assigning it a mean rating of 4.00. Splitting up the data highlights that, out of 11 analysts covering the stock, 6 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Beyond Meat Inc (NASDAQ:BYND) trade information
Upright in the red during last session for losing -1.30%, in the last five days BYND remained trading in the red while hitting it’s week-highest on Thursday, 07/18/24 when the stock touched $6.08 price level, adding 8.98% to its value on the day. Beyond Meat Inc’s shares saw a change of -31.69% in year-to-date performance and have moved -15.20% in past 5-day. Beyond Meat Inc (NASDAQ:BYND) showed a performance of -8.85% in past 30-days. Number of shares sold short was 23.87 million shares which calculate 11.65 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 42.5 to the stock, which implies a rise of 85.69% to its current value. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 122. It follows that stock’s current price would jump 50.66% in reaching the projected high whereas dropping to the targeted low would mean a gain of 50.66% for stock’s current value.
Beyond Meat Inc (BYND) estimates and forecasts
Statistics highlight that Beyond Meat Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -10.85% of value to its shares in past 6 months, showing an annual growth rate of 44.18% while that of industry is 21.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -60.31% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 57.38% while estimates for its earnings growth in next 5 years are of 10.00%.
BYND Dividends
Beyond Meat Inc is more likely to be releasing its next quarterly report in August 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 4.99% of company’s total shares while institution are holding 47.65 percent of that, with stock having share float percentage of 50.15%. Investors also watch the number of corporate investors in a company very closely, which is 47.65% institutions for Beyond Meat Inc that are currently holding shares of the company. PARKWOOD LLC is the top institutional holder at BYND for having 5.4 million shares of worth $1.29 million. And as of 2024-03-31, it was holding 8.3648 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 5.35 million shares on 2024-03-31. The number of shares represents firm’s hold over 8.2901 of outstanding shares, having a total worth of $44.31 million.
