In last trading session, Beyond Meat Inc (NASDAQ:BYND) saw 2.98 million shares changing hands with its beta currently measuring 2.25. Company’s recent per share price level of $6.14 trading at $0.38 or 6.60% at ring of the bell on the day assigns it a market valuation of $399.35M. That closing price of BYND’s stock is at a discount of -110.42% from its 52-week high price of $12.92 and is indicating a premium of 16.45% from its 52-week low price of $5.13. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.79 million shares which gives us an average trading volume of 3.03 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. The company is expected to be making an EPS of -0.45 in the current quarter.
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Beyond Meat Inc (NASDAQ:BYND) trade information
Upright in the green during last session for gaining 6.60%, in the last five days BYND remained trading in the red while hitting it’s week-highest on Friday, 08/09/24 when the stock touched $6.14 price level, adding 33.55% to its value on the day. Beyond Meat Inc’s shares saw a change of -31.01% in year-to-date performance and have moved -5.97% in past 5-day. Beyond Meat Inc (NASDAQ:BYND) showed a performance of -14.37% in past 30-days. Number of shares sold short was 24.94 million shares which calculate 9.66 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 25 to the stock, which implies a rise of 75.44% 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 51.14% in reaching the projected high whereas dropping to the targeted low would mean a gain of 51.14% 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 -7.81% of value to its shares in past 6 months, showing an annual growth rate of 43.92% while that of industry is 21.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -4.30% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 80.95M for the same. And 7 analysts are in estimates of company making revenue of 78.31M in the next quarter. Company posted 75.31M and 73.68M of sales in current and next quarters respectively a year earlier.
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 57.59% while estimates for its earnings growth in next 5 years are of 10.00%.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
Insiders are in possession of 4.98% of company’s total shares while institution are holding 46.79 percent of that, with stock having share float percentage of 49.24%. Investors also watch the number of corporate investors in a company very closely, which is 46.79% 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.
