Beyond Meat Inc (NASDAQ:BYND) price on current trading day, fall -1.13% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.49.
A look at the stock’s price movement, the close in the last trading session was $3.53, moving within a range at $3.43 and $3.575. The beta value (5-Year monthly) was 2.37. Turning to its 52-week performance, $10.31 and $2.86 were the 52-week high and 52-week low respectively. Overall, BYND moved -20.68% over the past month.
Beyond Meat Inc’s market cap currently stands at around $265.69 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 75.68M for the company’s revenue for the quarter, with a low and high estimate of 75M and 77M respectively. The average forecast suggests up to a 0.10% 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 325.11M, representing a -0.41% decline 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 1.85% and -6.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.59, while 7-day volatility ratio is 5.81% and 7.95% in the 30-day chart. Further, Beyond Meat Inc (BYND) has a beta value of 2.31, and an average true range (ATR) of 0.24. 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 14.04% off current price level while to achieve the yearly target high, price needs to move -3395.7%. Nonetheless, investors will most likely welcome a -616.33% 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 2.42 over the past 10 days and 3.61 million over the past 3 months. The company’s latest data on shares outstanding shows there are 76.07 million shares.
The 5.97% of Beyond Meat Inc’s shares are in the hands of company insiders while institutional holders own 44.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 32.94 million on 2025-02-28, giving us a short ratio of 9.18. The data shows that as of 2025-02-28 short interest in Beyond Meat Inc (BYND) stood at 4491.0 of shares outstanding, with shares short rising to 31.19 million registered in 2025-01-31. Current price change has pushed the stock -7.18% 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.
