Beyond Meat Inc. (NASDAQ:BYND) saw a downside of -0.09% to $11.54 after subtracting -$0.01on Wednesday. The 5-day average trading volume is 1,166,392 shares of the company’s common stock. It has gained $12.50 in the past week and touched a new high 1 time within the past 5 days. An average of 2,204,418 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,171,933.
BYND’s 1-month performance is -25.69% or -$3.57 on its low of $11.29 reached on 08/23/23. The company’s shares have touched a 52-week low of $9.81 and high of $27.83, with the stock’s rally to the 52-week high happening on 02/24/23. YTD, BYND has lost -6.26% or -$0.71 and has reached a new high 12 times. However, the current price is down -58.53% 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 2.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.08.
Beyond Meat Inc.’s quick ratio for the period ended June 29 was 5.30, with the current ratio over the same period at 9.10. In terms of profitability, the gross margin trailing 12 months is -2.60%. The trailing 12-month EBITDA margin is -68.69% while for the period ending June 29, Beyond Meat Inc.’s operating margin was -74.80%. The firm’s gross profit as reported stood at -$23.74 million against revenue of $418.93 million.
Earnings Surprise
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 shrunk -81.52% to -$53.51 million, while revenue of -$59.04 million was -10.33% off the previous quarter. Analysts expected BYND to announce -$0.86 per share in earnings in its latest quarter, but it posted -$0.83, representing a 3.50% surprise. EBITDA for the quarter stood at more than -$46.89 million. BYND stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.27 billion, with total debt at $1.22 billion. Shareholders hold equity totaling $64.39 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 22 August was 23.01% to suggest the stock is trending oversold, with historical volatility in this time period at 21.27%.
The stock’s 5-day moving average is $11.80, reflecting a -5.61% or -$0.69 change from its current price. BYND is currently trading -28.83% above its 20-day SMA, -27.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.30% and SMA200 by-19.22%.
Stochastic %K and %D was 4.69% and 4.85% and the average true range (ATR) pointed at 0.79. The RSI (14) points at 31.59%, while the 14-day stochastic is at 6.09% with the period’s ATR at 0.90. The stock’s 9-day MACD Oscillator is pointing at -0.58 and -1.22 on the 14-day charts.
