The stock of Beyond Meat Inc. (NASDAQ:BYND) decreased by -$0.5 on Tuesday to finish at $12.43, down -3.87 percent. The last five days have seen an average of 1,696,160 shares of common stock traded. 12 times new highs were reached in the current year, with a gain of $0.12. The average number of shares traded over the last 20 days was 2,699,505, while the average volume over the last 50 days totaled 3,600,008.
BYND stock dropped -26.06% since last month. On 08/08/23, the company’s shares reached a one-month low of $11.85. The stock touched a high of $37.28 on 02/24/23, after rallying from a low of $9.81 in 52 weeks. The price of BYND stock has risen by 0.97% or $0.12 this year, reaching a new high 12 times. Still, the stock price is down -66.66% from the 52-week high.
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Insider Transactions
BYND stock investors should be aware that Beyond Meat Inc. (BYND) stock had its last reported insider trading activity 245 days ago on Dec 14. On Dec 14, Chief Innovation Officer Ajami Dariush sold 27,690 shares at $14.65 each. This transaction resulted in the insider making $405,772. On Dec 13, KUTUA LUBI sold 15,139 shares at a price of US$14.38. After the transaction, the insider now owns 58,687 shares. Chief Brand Officer Moskowitz Beth had earlier sold 5,000 shares on Dec 02 for $14.08 a share. The transaction was completed for $70,388.
Financial Health
For the recent quarter, Beyond Meat Inc.’s quick ratio was 5.30, while its current ratio was 9.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -2.60% percent. Beyond Meat Inc.’s EBITDA margin for the recent year was -68.69%, whereas its operating margin stood at -74.80% for the same period. Based on annual data, it had gross profit of -$23.74 million and revenue of $418.93 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. BYND’s return on assets (ROA) during the last 12 months has been -27.00%. There was a -36.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 125.20%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $101.27 million, while revenues fell by -45.2% to $92.24 million. EBITDA was -$46.89 million for the quarter. At the end of Beyond Meat Inc.’s most recent quarter, its liabilities totaled 1.27 billion, while its total debt was $1.22 billion. Equity owned by shareholders amounts to $64.39 million.
Technical Picture
Here’s a quick look at Beyond Meat Inc.’s (BYND) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 27.45%, suggesting the stock is oversold, with a 73.17% historical volatility rate.
The stochastic %K and %D were 17.32% and 19.52% respectively, while the average true range (ATR) was 1.05. Based on the 14-day stochastic reading of 10.76%, the RSI (14) reading is 35.46%. On the 9-day MACD Oscillator, the stock is at -1.02, and the 14-day reading is at -1.88.
Analyst Ratings
Analysts have assigned Beyond Meat Inc. (BYND) an Underweight rating. BYND is a stock that is recommended for selling by 5 brokerage firms, while 10 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is BYND’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.50 and $14.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for Beyond Meat Inc. (BYND) is $10.41.
