Beyond Meat Inc (NASDAQ:BYND)’s traded shares stood at 0.54 million during the latest session, with the company’s beta value hitting 2.25. At the last check today, the stock’s price was $5.40, to imply an increase of 2.47% or $0.13 in intraday trading. The BYND share’s 52-week high remains $12.12, putting it -124.44% down since that peak but still an impressive 7.41% since price per share fell to its 52-week low of $5.00. The company has a valuation of $352.10M, with an average of 3.87 million shares in intraday trading volume over the past 10 days and average of 2.24 million shares over the past 3 months.
Analysts have given a consensus recommendation of Sell for Beyond Meat Inc (BYND), translating to a mean rating of 3.92. Of 11 analyst(s) looking at the stock, 6 analyst(s) give BYND a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.43.
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Beyond Meat Inc (NASDAQ:BYND) trade information
After registering a 2.47% upside in the latest session, Beyond Meat Inc (BYND) has traded red over the past five days. The 5-day price performance for the stock is -7.53%, and -18.31% over 30 days. With these gigs, the year-to-date price performance is -39.33%. Short interest in Beyond Meat Inc (NASDAQ:BYND) saw shorts transact 26.02 million shares and set a 14.88 days time to cover.
The extremes give us $3 and $122 for target low and target high price respectively. As such, BYND has been trading -2159.26% off suggested target high and 44.44% from its likely low.
Beyond Meat Inc (BYND) estimates and forecasts
Looking at statistics comparing Beyond Meat Inc share performance against respective industry, we note that the company has outperformed competitors. Beyond Meat Inc (BYND) shares are -25.00% down over the last 6 months, with its year-to-date growth rate higher than industry average at 45.77% against 16.70%. Revenue is forecast to grow 53.80% this quarter before jumping 40.97% for the next one. The rating firms project that company’s revenue will shrink -5.24% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 76.37M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 78.68M.Earnings reports from the last fiscal year show that sales brought in 73.68M and 75.6M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.65% before jumping 4.07% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -60.31% for the past 5-year period. While 2024 is set for a 59.43% return in earnings, projections for the next 5 years are at 10.00% annually.
BYND Dividends
Beyond Meat Inc has its next earnings report out on 2025-Feb-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
Beyond Meat Inc insiders hold 4.91% of total outstanding shares, with institutional holders owning 43.18% of the shares at 45.41% float percentage. In total, 43.18% institutions holds shares in the company, led by PARKWOOD LLC. As of 2024-06-30, the company held over 5.4 million shares (or 8.3459% of shares), all amounting to roughly $1.15 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 4.46 million shares, or about 6.897% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $29.94 million.
