In the last trading session, 1.74 million Beyond Meat Inc (NASDAQ:BYND) shares changed hands as the company’s beta touched 2.13. With the company’s per share price at $2.79 changed hands at $0.02 or 0.72% during last session, the market valuation stood at $213.36M. BYND’s last price was a discount, traded about -231.18% off its 52-week high of $9.24. The share price had its 52-week low at $2.22, which suggests the last value was 20.43% up since then.
Analysts gave the Beyond Meat Inc (BYND) stock a consensus recommendation rating of Sell, calculated at a mean rating of 3.89. 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. Beyond Meat Inc’s EPS for the current quarter is expected to be -0.38.
Beyond Meat Inc (NASDAQ:BYND) trade information
Instantly BYND was in green as seen at the end of in last trading. With action 20.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -25.80%, with the 5-day performance at 20.78% in the green. However, in the 30-day time frame, Beyond Meat Inc (NASDAQ:BYND) is 1.09% up.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 88.84% 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 -4272.76% plunge from its current level, while the stock would need to soar -7.53% for it to hit the projected low.
Beyond Meat Inc (BYND) estimates and forecasts
Year-over-year growth is forecast to reach -4.24% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 85.71M. 6 analysts are of the opinion that Beyond Meat Inc’s revenue for the current quarter will be 78.96M. The company’s revenue for the corresponding quarters a year ago was 93.19M and 81.01M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.02%. The estimates for the next quarter sales put growth at -2.53%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -52.51%. The 2025 estimates are for Beyond Meat Inc earnings to increase by 30.99%, but the outlook for the next 5-year period is at 35.90% per year.
Beyond Meat Inc (NASDAQ:BYND)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.8758% or 4.46 million shares worth $29.94 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. With 1.94 shares estimated at $5.43 million under it, the former controlled 2.54% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.06% of the shares, roughly 1.57 shares worth around $4.39 million.
