Beyond Meat Inc. [NASDAQ: BYND] surged by $2.81 during the normal trading session on Friday and reaching a high of $154.40 during the day while it closed the day at $145.42. The company report on May 27, 2021 that Beyond Meat® Introduces First-Ever Value 6-Pack of Its Irresistible Beyond Burger® Across Canada, Furthering Goal of Making Plant-Based Protein More Accessible.
To kick off summer grilling season, Canadians can now find the new 6-packs at most major grocery stores across Canada.
To celebrate the launch, Beyond Meat has partnered with Collective Arts Brewing to offer the chance to win a summer’s supply of Beyond Burger and beer 6-packs.
Beyond Meat Inc. stock has also gained 36.43% of its value over the past 7 days. However, BYND stock has declined by -1.15% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.18% and gained 16.34% year-on date.
The market cap for BYND stock reached $8.99 billion, with 62.94 million shares outstanding and 56.18 million shares in the current float. Compared to the average trading volume of 3.40M shares, BYND reached a trading volume of 16044721 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $121.13 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.
Bernstein have made an estimate for Beyond Meat Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 24, 2021. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $155 to $125. The new note on the price target was released on May 10, 2021, representing the official price target for Beyond Meat Inc. stock. Previously, the target price had yet another raise to $190, while Stephens analysts kept a Overweight rating on BYND stock.
The Average True Range (ATR) for Beyond Meat Inc. is set at 7.21, with the Price to Sales ratio for BYND stock in the period of the last 12 months amounting to 21.52. The Price to Book ratio for the last quarter was 34.62, with the Price to Cash per share for the same quarter was set at 18.19.
BYND stock trade performance evaluation
Beyond Meat Inc. [BYND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 36.43. With this latest performance, BYND shares gained by 9.01% in over the last four-week period, additionally plugging by 4.18% over the last 6 months – not to mention a rise of 13.35% 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 71.74, with the RSI for the last a single of trading hit 81.24, and the three-weeks RSI is set at 64.80 for Beyond Meat Inc. [BYND]. The present Moving Average for the last 50 days of trading for this stock 125.92, while it was recorded at 130.34 for the last single week of trading, and 142.24 for the last 200 days.
Beyond Meat Inc. [BYND]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Beyond Meat Inc. [BYND] shares currently have an operating margin of -7.75 and a Gross Margin at +32.07. Beyond Meat Inc.’s Net Margin is presently recorded at -12.97.
Return on Total Capital for BYND is now -7.67, given the latest momentum, and Return on Invested Capital for the company is -13.48. Return on Equity for this stock declined to -14.04, with Return on Assets sitting at -11.47. When it comes to the capital structure of this company, Beyond Meat Inc. [BYND] has a Total Debt to Total Equity ratio set at 10.93. Additionally, BYND Total Debt to Total Capital is recorded at 9.85, with Total Debt to Total Assets ending up at 8.57. Long-Term Debt to Equity for the company is recorded at 3.25, with the Long-Term Debt to Total Capital now at 2.93.
Reflecting on the efficiency of the workforce at the company, Beyond Meat Inc. [BYND] managed to generate an average of -$75,360 per employee. Receivables Turnover for the company is 10.70 with a Total Asset Turnover recorded at a value of 0.88.Beyond Meat Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 16.10 and a Current Ratio set at 18.10.
Earnings per share (EPS) analysis for Beyond Meat Inc. [BYND] stock
With the latest financial reports released by the company, Beyond Meat Inc. posted -0.02/share EPS, while the average EPS was predicted by analysts to be reported at -0.02/share. 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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Beyond Meat Inc. go to -6.90%.
Beyond Meat Inc. [BYND]: Insider Ownership positions
There are presently around $4,611 million, or 51.60% of BYND stock, in the hands of institutional investors. The top three institutional holders of BYND stocks are: BAILLIE GIFFORD & CO with ownership of 6,781,932, which is approximately 27.423% of the company’s market cap and around 3.10% of the total institutional ownership; VANGUARD GROUP INC, holding 3,937,542 shares of the stock with an approximate value of $572.6 million in BYND stocks shares; and BLACKROCK INC., currently with $322.0 million in BYND stock with ownership of nearly 1.892% of the company’s market capitalization.
Positions in Beyond Meat Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 240 institutional holders increased their position in Beyond Meat Inc. [NASDAQ:BYND] by around 6,075,445 shares. Additionally, 213 investors decreased positions by around 4,732,589 shares, while 84 investors held positions by with 20,897,579 shares. The mentioned changes placed institutional holdings at 31,705,613 shares, according to the latest SEC report filing. BYND stock had 85 new institutional investments in for a total of 1,343,335 shares, while 83 institutional investors sold positions of 1,669,571 shares during the same period.