In the last trading session, 2.19 million Beyond Meat Inc (NASDAQ:BYND) shares changed hands as the company’s beta touched 2.24. With the company’s per share price at $4.98 changed hands at -$0.07 or -1.39% during last session, the market valuation stood at $320.21M. BYND’s last price was a discount, traded about -143.37% off its 52-week high of $12.12. The share price had its 52-week low at $4.79, which suggests the last value was 3.82% up since then. When we look at Beyond Meat Inc’s average trading volume, we note the 10-day average is 3.34 million shares, with the 3-month average coming to 2.43 million.
Analysts gave the Beyond Meat Inc (BYND) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.83. 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.
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Beyond Meat Inc (NASDAQ:BYND) trade information
Instantly BYND was in red as seen at the end of in last trading. With action -0.60%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -44.04%, with the 5-day performance at -0.60% in the red. However, in the 30-day time frame, Beyond Meat Inc (NASDAQ:BYND) is -19.42% down. Looking at the short shares, we see there were 27.9 million shares sold at short interest cover period of 10.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 80.08% from its current 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 -2349.8% plunge from its current level, while the stock would need to tank 39.76% for it to hit the projected low.
Beyond Meat Inc (BYND) estimates and forecasts
Data shows that the Beyond Meat Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -34.39% over the past 6 months, a 44.71% in annual growth rate that is considerably higher than the industry average of 18.50%.
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 59.07%, 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 in January.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.91% of Beyond Meat Inc shares while 47.28% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 49.72%. There are 47.28% 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.
