In the last trading session, 1.74 million shares of the Beyond Meat Inc (NASDAQ:BYND) were traded, and its beta was 2.41. Most recently the company’s share price was $3.34, and it changed around -$0.01 or -0.30% from the last close, which brings the market valuation of the company to $254.28M. BYND currently trades at a discount to its 52-week high of $10.31, offering almost -208.68% off that amount. The share price’s 52-week low was $2.86, which indicates that the current value has risen by an impressive 14.37% since then. We note from Beyond Meat Inc’s average daily trading volume that its 10-day average is 2.73 million shares, with the 3-month average coming to 3.59 million.
Beyond Meat Inc stock received a consensus recommendation rating of Hold, based on a mean score of 4.00. If we narrow it down even further, the data shows that 3 out of 10 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended BYND as a Hold, whereas 0 deemed it a Buy, and 2 rated it as Underweight. Beyond Meat Inc is expected to report earnings per share of -0.47 for the current quarter.
Beyond Meat Inc (NASDAQ:BYND) trade information
Instantly BYND has showed a red trend with a performance of -0.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 3.70 on recent trading dayincreased the stock’s daily price by 9.73%. The company’s shares are currently down -11.17% year-to-date, but still down -5.38% over the last five days. On the other hand, Beyond Meat Inc (NASDAQ:BYND) is -13.47% down in the 30-day period. We can see from the shorts that 32.94 million shares have been sold at a short interest cover period of 9.18 day(s).
The consensus price target as assigned by Wall Street analysts is $25, which translates to bulls needing to increase their stock price by 86.64% from its current value. Analyst projections state that BYND is forecast to be at a low of $3 and a high of $122.
Beyond Meat Inc (BYND) estimates and forecasts
The year-over-year growth rate is expected to be -0.41%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 75.68M in revenue for the current quarter. 5 analysts expect Beyond Meat Inc to make 94.47M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 75.6M and 93.19M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 0.10%. Forecasts for the next quarter put sales growth at 1.38%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -52.51%. Beyond Meat Inc earnings are expected to increase by 38.23% in 2025, but the outlook is positive 37.88% per year for the next five years.
BYND Dividends
Beyond Meat Inc’s next quarterly earnings report is expected to be released on 2025-Feb-25.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.84% of Beyond Meat Inc shares, and 44.28% of them are in the hands of institutional investors. The stock currently has a share float of 46.54%. Beyond Meat Inc stock is held by 295.0 institutions, with PARKWOOD LLC being the largest institutional investor. By 2024-06-30, it held 8.3203% of the shares, which is about 5.4 million shares worth $1.15 million.
BLACKROCK INC., with 6.8758% or 4.46 million shares worth $29.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 1.94 shares worth $6.5 million, making up 2.55% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 1.62 shares worth around $5.41 million, which represents about 2.13% of the total shares outstanding.
