In the latest trading session, 0.95 million Beyond Meat Inc (NASDAQ:BYND) shares changed hands as the company’s beta touched 2.26. With the company’s most recent per share price at $6.78 changed hands at -$0.38 or -5.31% at last look, the market valuation stands at $440.97M. BYND’s current price is a discount, trading about -78.76% off its 52-week high of $12.12. The share price had its 52-week low at $5.13, which suggests the last value was 24.34% up since then. When we look at Beyond Meat Inc’s average trading volume, we note the 10-day average is 2.47 million shares, with the 3-month average coming to 3.00 million.

Analysts gave the Beyond Meat Inc (BYND) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.92. If we narrow down to specifics, the data shows that 6 out of 11 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended BYND as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Beyond Meat Inc’s EPS for the current quarter is expected to be -0.45.

Beyond Meat Inc (NASDAQ:BYND) trade information

Instantly BYND was in red as seen in intraday trades today. With action 6.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -23.82%, with the 5-day performance at 6.44% in the green. However, in the 30-day time frame, Beyond Meat Inc (NASDAQ:BYND) is 7.11% up. Looking at the short shares, we see there were 23.72 million shares sold at short interest cover period of 11.4 days.

The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 72.88% from its recent market value. According to analyst projections, BYND’s forecast low is 3 with 122 as the target high. To hit the forecast high, the stock’s price needs a -1699.41% plunge from its current level, while the stock would need to tank 55.75% for it to hit the projected low.

Beyond Meat Inc (BYND) estimates and forecasts

Year-over-year growth is forecast to reach -4.30% down from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 80.95M. 7 analysts are of the opinion that Beyond Meat Inc’s revenue for the current quarter will be 78.31M. The company’s revenue for the corresponding quarters a year ago was 75.31M and 73.68M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 7.50%. The estimates for the next quarter sales put growth at 6.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -60.31%. The 2024 estimates are for Beyond Meat Inc earnings to increase by 57.92%, but the outlook for the next 5-year period is at 10.00% per year.

BYND Dividends

Beyond Meat Inc is expected to release its next quarterly earnings report on 2024-Nov-06.

Beyond Meat Inc (NASDAQ:BYND)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.96% of Beyond Meat Inc shares while 44.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 46.61%. There are 44.30% institutions holding the Beyond Meat Inc stock share, with PARKWOOD LLC the top institutional holder. As of 2024-06-30, the company held 8.3459% of the shares, roughly 5.4 million BYND shares worth $1.15 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.897% or 4.46 million shares worth $29.94 million as of 2024-06-30.