At the last check on Thursday, Beyond Meat Inc.’s (NASDAQ:BYND) stock was down -$0.28, moving down -2.73 percent to $9.97. The average number of shares traded per day over the past five days has been 1,483,265 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.57 fall in that time frame. In the last twenty days, the average volume was 1,573,196, while in the previous 50 days, it was 2,218,262.
Since last month, BYND stock retreated -13.68%. Shares of the company fell to $9.87 on 09/21/23, the lowest level in the past month. A 52-week high of $22.87 was reached on 02/24/23 after having rallying from a 52-week low of $9.81. Since the beginning of this year, BYND’s stock price has dropped by -19.01% or -$2.41, and marked a new high 12 times. However, the stock has declined by -56.41% since its 52-week high.
BYND stock investors should be aware that Beyond Meat Inc. (BYND) stock had its last reported insider trading activity 281 days ago on Dec 14. Ajami Dariush, the Chief Innovation Officer of the company, disposed of 27,690 shares for $14.65 on Dec 14. It resulted in a $405,772 divestment by the insider. KUTUA LUBI sold 15,139 shares at an average price of $14.38 on Dec 13. The insider now owns 58,687 shares following the transaction. On Dec 02, Chief Brand Officer Moskowitz Beth sold 5,000 shares at $14.08 apiece. The transaction was valued at $70,388.
Financial Health
In the three months ended June 29, Beyond Meat Inc.’s quick ratio stood at 5.30, while its current ratio was 9.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -2.60% percent. In the year ended June 29, EBITDA margin amounted to -68.69%, whereas operating margins totaled -74.80%. Based on annual data, BYND earned -$23.74 million in gross profit and brought in $418.93 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.80%. Return on equity (ROE) for the past 12 months was 125.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BYND’s revenue fell -45.0% to $92.19 million during the quarter, while net income inched up to $101.27 million. While analysts expected Beyond Meat Inc. to report -$0.86 quarterly earnings, the actual figure was -$0.83 per share, beating the consensus estimate by 3.50%. During the quarter, the company generated -$46.89 million in EBITDA. The liabilities of Beyond Meat Inc. were 1.27 billion at the end of its most recent quarter ended June 29, and its total debt was $1.22 billion. The value of shareholders’ equity is $64.39 million.
Technical Picture
This quick technical analysis looks at Beyond Meat Inc.’s (BYND) price momentum. With a historical volatility rate of 31.71%, the RSI 9-day stood at 22.72% on 20 September.
With respect to its five-day moving average, the current Beyond Meat Inc. price is down by -5.49% percent or -$0.57. At present, BYND shares trade -13.64% below its 20-day simple moving average and -26.85% percent below its 100-day simple moving average. However, the stock is currently trading approximately -43.56% below its SMA50 and -30.73% below its SMA200.
Stochastic coefficient K was 6.52% and Stochastic coefficient D was 7.39%, while ATR was 0.50. Given the Stochastic reading of 1.52% for the 14-day period, the RSI (14) reading has been calculated as 27.84%. As of today, the MACD Oscillator reading stands at -0.23, while the 14-day reading stands at -0.64.
Analyst Ratings
TD Cowen launched its rating on Beyond Meat Inc. (NASDAQ: BYND) to an Underperform in a note to investors on September 13, 2023. Beyond Meat Inc. (BYND) has been rated Underweight by analysts. According to 6 brokerage firms, BYND is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Beyond Meat Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $4.50 – $13.00. Based on these forecasts, analysts predict Beyond Meat Inc. (BYND) will achieve an average price target of $10.45.
