Insider Activity Monitoring: Beyond Meat Inc. (BYND)

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Beyond Meat Inc. (NASDAQ:BYND) saw a downside of -1.84% to $16.52 after subtracting -$0.31 on Tuesday. The 5-day average trading volume is 2,036,003 shares of the company’s common stock. It has gained $17.10 in the past week and touched a new high 2 times within the past 5 days. An average of 2,121,216 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,331,188.

BYND’s 1-month performance is 27.69% or $3.76 on its low of $11.03 reached on 12/28/22. The company’s shares have touched a 52-week low of $11.03 and high of $68.06, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, BYND has achieved 36.72% or $4.24 and has reached a new high 9 times. However, the current price is down -75.73% from the 52-week high price.


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Insider Transactions

BYND stock investors last saw insider trading activity on Dec 14.Ajami Dariush (Chief Innovation Officer) most recently sold 27,690 shares at $14.65 per share on Dec 14. This transaction cost the insider $405,772. CFO, Treasurer, KUTUA LUBI, sold 15,139 shares at a price of $14.38 on Dec 13. Then, on Dec 02, Chief Brand Officer Moskowitz Beth sold 5,000 shares at a price of $14.08 per share. This transaction amounted to $70,388.

Valuation Metrics

BYND stock has a beta of 2.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.30.

Beyond Meat Inc.’s quick ratio for the period ended September 29 was 5.00, with the current ratio over the same period at 7.70. In terms of profitability, the gross margin trailing 12 months is -1.50%. The firm’s gross profit as reported stood at $117.28 million against revenue of $464.7 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 46.09% to -$101.68 million, while revenue of -$97.13 million was 4.47% off the previous quarter. Analysts expected BYND to announce -$1.14 per share in earnings in its latest quarter, but it posted -$1.6, representing a -40.40% surprise. EBITDA for the quarter stood at more than -$80.32 million. BYND stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.28 billion, with total debt at $1.2 billion. Shareholders hold equity totaling $63.74 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 23 January was 65.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 90.60%.

The stock’s 5-day moving average is $15.47, reflecting a +5.36% or $0.84 change from its current price. BYND is currently trading +28.11% above its 20-day SMA, -32.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +40.04% and SMA200 by-62.00%.

Stochastic %K and %D was 79.04% and 67.04% and the average true range (ATR) pointed at 1.16. The RSI (14) points at 62.21%, while the 14-day stochastic is at 85.12% with the period’s ATR at 1.15. The stock’s 9-day MACD Oscillator is pointing at 0.45 and 1.19 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Beyond Meat Inc. (NASDAQ: BYND), Argus downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for BYND stock have a consensus rating for the stock as Underweight. Currently, 6 brokerage advisors rate BYND as a “sell,”, while 10 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 0 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 $5.00 and a high of $15.00, with their median price target at $10.50. Looking at these predictions, the average price target given by analysts is for Beyond Meat Inc. (BYND) stock is $10.33.

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