Beyond Meat Inc. (NASDAQ:BYND) trading with an addition of $1.55 to $106.54 on Thursday, an upside of 1.48 percent. An average of 1,968,653 shares of common stock have been traded in the last five days. There was a gain of $2.25 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 2,185,443 shares traded, while the 50-day average volume stands at 2,212,859.
BYND stock has decreased by -4.94% in the last month. The company shares reached their 1-month lowest point of $98.80 on 10/06/21. With the stock rallying to its 52-week high on 01/26/21, shares of the company touched a low of $98.80 and a high of $221.00 in 52 weeks. It has reached a new high 5 times so far this year and lost -16.01% or -$18.34 in price. In spite of this, the price is down -51.79% from the 52-week high.
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122 days have passed since Beyond Meat Inc. (BYND) last reported insider trading activity. Moskowitz Beth, who is Chief Creative Officer, most recently acquired $3,000 shares at $151.87 per share on Jun 14. In this transaction, the insider spent $455,614. Director, Stone Christopher Isaac, disposed of 5,000 shares at a price of $152.25 on Jun 14. The insider now owns more than $761,250 worth of shares. Prior to that, Chief Operating Officer Shah Sanjay C went on to Sale 4,833 shares at $151.31 each on Jun 07. An amount of $731,284 was transacted.
Beyond Meat Inc. (BYND) has a trailing price-to-earnings (P/E) ratio of 18.75 for the broader industry and 24.70 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.18, the price-to-book (PB) ratio at 25.92.
The quick ratio of Beyond Meat Inc. for the three months ended June 29 was 15.40, and the current ratio was 17.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.42 and a total debt to equity ratio of 4.42 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 28.90% against a 5-year average of 7.6%. Beyond Meat Inc.’s EBITDA margin for the year ending June 29 is -3.90%, while its operating margin for the same period stands at -19.20%. Its gross profit as reported stood at $122.28 million compared to revenue of $406.79 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Beyond Meat Inc.’s return on assets was -9.40%, compared to -35.5% over the last five years. For the broader industry, ROE averaged 12.06 over the past year.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$19.65 million in the quarter, while revenues of -$27.27 million were grew 109.26%. The analyst consensus anticipated Beyond Meat Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.31, a -29.20% surprise. For the quarter, EBITDA amounted to -$12.74 million. Shareholders own equity worth $63.25 million.
From a technical analysis perspective, let’s take a brief look at Beyond Meat Inc. (BYND) price momentum. RSI 9-day as of the close on 13 October was 52.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.16%.
As of today, BYND’s price is $103.72 +2.15% or $2.25 from its 5-day moving average. BYND is currently trading -1.47% lower than its 20-day SMA and -9.03% lower than its 100-day SMA. However, the stock’s current price level is -13.14% below the SMA50 and -15.28% below the SMA200.
The stochastic %K and %D were 42.56% and 31.74%, respectively, and the average true range (ATR) was 3.96. With the 14-day stochastic at 51.31% and the average true range at 4.02, the RSI (14) stands at 46.80%. The stock has reached 2.52 on the 9-day MACD Oscillator while the 14-day reading was at 0.89.
Piper Sandler downgraded Beyond Meat Inc. (NASDAQ: BYND) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Beyond Meat Inc. (BYND) among analysts is Hold. According to current brokerage recommendations, 5 brokerage firms advise that investors sell BYND, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 2 others rate it as a “buy”.
What is BYND’s price target for the next 12 months?
Analysts predict a range of price targets between $68.00 and $190.00, with a median target of $109.50. Taking a look at these predictions, the average price target given by analysts for Beyond Meat Inc. (BYND) stock is $116.71.