During the last session, Beyond Meat Inc (NASDAQ:BYND)’s traded shares were 0.56 million, with the beta value of the company hitting 2.26. At the end of the trading day, the stock’s price was $5.09, reflecting an intraday loss of -1.26% or -$0.06. The 52-week high for the BYND share is $12.12, that puts it down -138.11 from that peak though still a striking 5.89% gain since the share price plummeted to a 52-week low of $4.79. The company’s market capitalization is $331.56M, and the average intraday trading volume over the past 10 days was 4.13 million shares, and the average trade volume was 2.32 million shares over the past three months.
Beyond Meat Inc (BYND) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 3.92. BYND has a Sell rating from 6 analyst(s) out of 11 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.43.
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Beyond Meat Inc (NASDAQ:BYND) trade information
Beyond Meat Inc (BYND) registered a -1.26% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.26% in intraday trading to $5.09, hitting a weekly high. The stock’s 5-day price performance is -4.06%, and it has moved by -17.85% in 30 days. Based on these gigs, the overall price performance for the year is -19.67%. The short interest in Beyond Meat Inc (NASDAQ:BYND) is 26.02 million shares and it means that shorts have 14.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $25, which implies an increase of 79.64% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $122 respectively. As a result, BYND is trading at a discount of -2296.86% off the target high and 41.06% off the low.
Beyond Meat Inc (BYND) estimates and forecasts
Statistics show that Beyond Meat Inc has outperformed its competitors in share price, compared to the industry in which it operates. Beyond Meat Inc (BYND) shares have gone down -29.37% during the last six months, with a year-to-date growth rate more than the industry average at 45.77% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 53.80% this quarter and then jump 40.97% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.24% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 76.37M as predicted by 8 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 78.68M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 73.68M and 75.6M respectively. In this case, analysts expect current quarter sales to grow by 3.65% and then jump by 4.07% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -60.31%. While earnings are projected to return 59.43% in 2024, the next five years will return 10.00% per annum.
BYND Dividends
Beyond Meat Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
Beyond Meat Inc insiders own 4.91% of total outstanding shares while institutional holders control 47.28%, with the float percentage being 49.72%. PARKWOOD LLC is the largest shareholder of the company, while 294.0 institutions own stock in it. As of 2024-06-30, the company held over 5.4 million shares (or 8.3459% of all shares), a total value of $1.15 million in shares.
The next largest institutional holding, with 4.46 million shares, is of BLACKROCK INC.’s that is approximately 6.897% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $29.94 million.
Also, the Mutual Funds coming in first place with the largest holdings of Beyond Meat Inc (BYND) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.99 shares. This amounts to just over 3.05 percent of the company’s overall shares, with a $10.11 million market value. The same data shows that the other fund manager holds slightly less at 1.56, or about 2.39% of the stock, which is worth about $7.93 million.
