Beyond Meat Inc (NASDAQ:BYND) price on current trading day, fall -4.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.56.
A look at the stock’s price movement, the close in the last trading session was $3.72. Turning to its 52-week performance, $12.12 and $3.30 were the 52-week high and 52-week low respectively. Overall, BYND moved -13.80% over the past month.
Beyond Meat Inc’s market cap currently stands at around $270.95 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 80.4M for the company’s revenue for the quarter, with a low and high estimate of 79.56M and 81.23M respectively. The average forecast suggests up to a 6.34% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 331.78M, representing a 1.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BYND is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 1 recommend BYND as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 6 say it is a Sell. As such, the average rating for the stock is Sell which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BYND’s current price about -9.62% and -8.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 37.69, while 7-day volatility ratio is 6.64% and 5.72% in the 30-day chart. Further, Beyond Meat Inc (BYND) has a beta value of 2.34, and an average true range (ATR) of 0.25. Analysts have given the company’s stock an average 52-week price target of $25, forecast between a low of $3 and high of $122. Looking at the price targets, the low is 15.73% off current price level while to achieve the yearly target high, price needs to move -3326.97%. Nonetheless, investors will most likely welcome a -602.25% jump to $25 which is the analysts’ median price.
If we refocus on Beyond Meat Inc (NASDAQ:BYND), historical trading data shows that trading volumes averaged 3.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 76.11 million shares.
The 6.53% of Beyond Meat Inc’s shares are in the hands of company insiders while institutional holders own 44.25% of the company’s shares. Current price change has pushed the stock -5.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BYND stock continues to rise going into the next quarter.
