Beyond Meat Inc. [NASDAQ: BYND] traded at a high on 06/17/20, posting a 2.90 gain after which it closed the day’ session at $156.34. The results of the trading session contributed to over 16101895 shares changing hands. Over the past one week, the price volatility of Beyond Meat Inc. stands at 8.48% while the volatility over the past one month is 7.30%.
The market cap for BYND stock reached $9.65 billion, with 61.68 million shares outstanding and 54.11 million shares in the current float. Compared to the average trading volume of 8.59M shares, BYND reached a trading volume of 16101895 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Beyond Meat Inc. [BYND]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BYND shares is $95.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BYND stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Beyond Meat Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 17, 2020. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on May 19, 2020, representing the official price target for Beyond Meat Inc. stock. Previously, the target price had yet another raise to $72, while Wells Fargo analysts kept a Underweight rating on BYND stock.
The Average True Range (ATR) for Beyond Meat Inc. is set at 11.69, with the Price to Sales ratio for BYND stock in the period of the last 12 months amounting to 27.19. The Price to Book ratio for the last quarter was 24.58, with the Price to Cash per share for the same quarter was set at 3.99.
How has BYND stock performed recently?
Beyond Meat Inc. [BYND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.12. With this latest performance, BYND shares gained by 20.23% in over the last four-week period, additionally plugging by 112.42% over the last 6 months – not to mention a drop of -7.98% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BYND stock in for the last two-week period is set at 63.30, with the RSI for the last a single of trading hit 62.70, and the three-weeks RSI is set at 62.30 for Beyond Meat Inc. [BYND]. The present Moving Average for the last 50 days of trading for this stock 117.57, while it was recorded at 150.11 for the last single week of trading, and 105.75 for the last 200 days.
Beyond Meat Inc. [BYND]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Beyond Meat Inc. [BYND] shares currently have an operating margin of +1.47 and a Gross Margin at +32.66. Beyond Meat Inc.’s Net Margin is presently recorded at -4.18.
Return on Total Capital for BYND is now 1.67, given the latest momentum, and Return on Invested Capital for the company is -4.86. Return on Equity for this stock declined to -5.39, with Return on Assets sitting at -4.25. When it comes to the capital structure of this company, Beyond Meat Inc. [BYND] has a Total Debt to Total Equity ratio set at 8.03. Additionally, BYND Total Debt to Total Capital is recorded at 7.44, with Total Debt to Total Assets ending up at 6.83. Long-Term Debt to Equity for the company is recorded at 5.15, with the Long-Term Debt to Total Capital now at 4.77.
Reflecting on the efficiency of the workforce at the company, Beyond Meat Inc. [BYND] managed to generate an average of -$26,362 per employee. Receivables Turnover for the company is 11.30 with a Total Asset Turnover recorded at a value of 1.02.Beyond Meat Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 5.80.
Earnings analysis for Beyond Meat Inc. [BYND]
With the latest financial reports released by the company, Beyond Meat Inc. posted -0.24/share EPS, while the average EPS was predicted by analysts to be reported at -0.08/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -200.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BYND.
Insider trade positions for Beyond Meat Inc. [BYND]
There are presently around $2,698 million, or 29.10% of BYND stock, in the hands of institutional investors. The top three institutional holders of BYND stocks are: VANGUARD GROUP INC with ownership of 3,137,839, which is approximately 3.149% of the company’s market cap and around 4.80% of the total institutional ownership; SUSQUEHANNA INTERNATIONAL GROUP, LLP, holding 2,246,152 shares of the stock with an approximate value of $341.28 million in BYND stocks shares; and BLACKROCK INC., currently with $192.01 million in BYND stock with ownership of nearly 0.906% of the company’s market capitalization.
212 institutional holders increased their position in Beyond Meat Inc. [NASDAQ:BYND] by around 5,692,301 shares. Additionally, 96 investors decreased positions by around 5,662,377 shares, while 44 investors held positions by with 6,401,540 shares. The mentioned changes placed institutional holdings at 17,756,218 shares, according to the latest SEC report filing. BYND stock had 91 new institutional investments in for a total of 1,445,449 shares, while 54 institutional investors sold positions of 4,307,168 shares during the same period.