During the recent session, Beyond Meat Inc (NASDAQ:BYND)’s traded shares were 0.48 million, with the beta value of the company hitting 2.30. At the last check today, the stock’s price was $3.94, reflecting an intraday gain of 2.23% or $0.09. The 52-week high for the BYND share is $12.12, that puts it down -207.61 from that peak though still a striking 16.24% gain since the share price plummeted to a 52-week low of $3.30. The company’s market capitalization is $256.64M, and the average intraday trading volume over the past 10 days was 4.48 million shares, and the average trade volume was 3.20 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 3.83. 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.
Beyond Meat Inc (NASDAQ:BYND) trade information
Beyond Meat Inc (BYND) registered a 2.23% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.23% in intraday trading to $3.94, hitting a weekly high. The stock’s 5-day price performance is 2.77%, and it has moved by -19.01% in 30 days. Based on these gigs, the overall price performance for the year is -52.35%. The short interest in Beyond Meat Inc (NASDAQ:BYND) is 27.59 million shares and it means that shorts have 7.44 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 34.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, BYND is trading at a discount of -52.28% off the target high and -52.28% 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 -44.72% during the last six months, with a year-to-date growth rate more than the industry average at 44.71% against 20.70.
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 59.22% in 2025, the next five years will return 10.00% per annum.
BYND Dividends
Beyond Meat Inc is due to release its next quarterly earnings in February. 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 5.58% of total outstanding shares while institutional holders control 47.17%, with the float percentage being 49.96%. PARKWOOD LLC is the largest shareholder of the company, while 293.0 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.
