Beyond Meat Inc. (NASDAQ:BYND) saw an upside of 2.88% to close Tuesday at $104.64 after adding $2.93 on the day. The 5-day average trading volume is 2,198,440 shares of the company’s common stock. It has gained $106.01 in the past week. An average of 2,432,465 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,214,680.
BYND’s 1-month performance is -7.35% or -$8.26 on its low of $98.80 reached on 10/06/21. The company’s shares have touched a 52-week low of $98.80 and high of $221.00, with the stock’s rally to the 52-week high happening on 01/26/21. YTD, BYND has lost -16.29% or -$20.36. However, the current price is down -52.65%% from the 52-week high price.
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On Jun 14, 121 days have gone by since the last insider trading activity for Beyond Meat Inc. (BYND). Moskowitz Beth (Chief Creative Officer) most recently sold 3,000 shares at $151.87 per share on Jun 14. This transaction cost the insider $455,614. Director, Stone Christopher Isaac, sold 5,000 shares at a price of $152.25 on Jun 14. Then, on Jun 07, Chief Operating Officer Shah Sanjay C sold 4,833 shares at a price of $151.31 per share. This transaction amounted to $731,284.
Beyond Meat Inc. (BYND) has a trailing price-to-earnings (P/E) ratio of 18.75 for the broader industry and 24.63 for the sector.BYND stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.13 while the price-to-book (PB) in the most recent quarter is 25.84.
Beyond Meat Inc.’s quick ratio for the period ended June 29 was 15.40, with the current ratio over the same period at 17.70 meaning that BYND stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 4.42, while the total debt to equity was 4.42. In terms of profitability, the gross margin trailing 12 months is 28.90%. The trailing 12-month EBITDA margin is -3.90% while for the period ending June 29; Beyond Meat Inc.’s operating margin was -19.20%. The firm’s gross profit as reported stood at $122.28 million against revenue of $406.79 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 35.04% to $149.43 million, while revenue of $108.16 million was 27.62% off the previous quarter. Analysts expected BYND to announce -$0.24 per share in earnings in its latest quarter, but it posted -$0.31, representing a -29.20% surprise. EBITDA for the quarter stood at more than -$12.74 million. BYND stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.21 billion, with total debt at $1.14 billion. Shareholders hold equity totaling $63.25 million
Let’s look briefly at Beyond Meat Inc. (BYND) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 46.13% to suggest the stock is trending Neutral, with historical volatility in this time period at 36.55%.
The stock’s 5-day moving average is $102.53, reflecting a +3.94% or $3.97 change from its current price. BYND is currently trading -5.26% above its 20-day SMA, -2.69% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -15.66% and -23.39% respectively.
Stochastic %K and %D was 21.37% and 20.58% and the average true range (ATR) pointed at 3.95. The RSI (14) points at 42.60%, while the 14-day stochastic is at 35.98% with the period’s ATR at 4.02. The stock’s 9-day MACD Oscillator is pointing at -0.46 and -3.01 on the 14-day charts.
In the most recent analyst report for Beyond Meat Inc. (NASDAQ: BYND), Piper Sandler downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for BYND stock have a consensus rating for the stock as Hold. Currently, 5 brokerage advisors rate BYND as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 2 have offered a “buy” rating.
What is BYND’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $68.00 and a high of $190.00, with their median price target at $109.50. Looking at these predictions, the average price target given by analysts is for Beyond Meat Inc. (BYND) stock is $116.71.