Beyond Meat Inc. [NASDAQ: BYND] loss -1.87% or -2.6 points to close at $136.28 with a heavy trading volume of 1546799 shares. The company report on July 8, 2021 that Beyond Meat® Launches Beyond Chicken® Tenders at Restaurants Nationwide.
The newest, award-winning product that’s disrupting the poultry category is now available for consumers to try for the first time.
Beyond Meat® (NASDAQ: BYND), a leader in plant-based meat, launched its new, awarding-winning Beyond Chicken® Tenders. Crafted to look, cook and taste like traditional chicken tenders, the delicious plant-based Beyond Chicken Tenders are breaded to perfection for a crispy outside and irresistibly tender bite. Starting, consumers can find the latest must-try product from Beyond Meat at select restaurants across the country.
It opened the trading session at $138.88, the shares rose to $139.50 and dropped to $135.36, the range by which the price of stock traded the whole day. The daily chart for BYND points out that the company has recorded 16.84% gains over the past six months. However, it is still -36.47% lower than its most recent low trading price.
If we look at the average trading volume of 3.73M shares, BYND reached to a volume of 1546799 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $125.77 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 June 16, 2021. The new note on the price target was released on May 24, 2021, representing the official price target for Beyond Meat Inc. stock. Previously, the target price had yet another drop from $155 to $125, while Canaccord Genuity kept a Hold rating on BYND stock.
The Average True Range (ATR) for Beyond Meat Inc. is set at 6.35, with the Price to Sales ratio for BYND stock in the period of the last 12 months amounting to 20.40. The Price to Book ratio for the last quarter was 32.45, with the Price to Cash per share for the same quarter was set at 17.98.
Trading performance analysis for BYND stock
Beyond Meat Inc. [BYND] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.38. With this latest performance, BYND shares dropped by -8.79% in over the last four-week period, additionally plugging by 16.84% over the last 6 months – not to mention a rise of 8.18% 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 41.47, with the RSI for the last a single of trading hit 32.81, and the three-weeks RSI is set at 45.84 for Beyond Meat Inc. [BYND]. The present Moving Average for the last 50 days of trading for this stock 134.40, while it was recorded at 139.01 for the last single week of trading, and 143.90 for the last 200 days.
Beyond Meat Inc. [BYND]: A deeper dive into fundamental analysis
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.
Beyond Meat Inc. [BYND]: An earnings per share (EPS) analysis
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%.
An analysis of insider ownership at Beyond Meat Inc. [BYND]
There are presently around $4,317 million, or 52.10% 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 $536.61 million in BYND stocks shares; and BLACKROCK INC., currently with $301.76 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 August and at the time of the August reporting period, where 235 institutional holders increased their position in Beyond Meat Inc. [NASDAQ:BYND] by around 6,050,654 shares. Additionally, 212 investors decreased positions by around 4,717,273 shares, while 84 investors held positions by with 20,912,401 shares. The mentioned changes placed institutional holdings at 31,680,328 shares, according to the latest SEC report filing. BYND stock had 80 new institutional investments in for a total of 1,325,638 shares, while 82 institutional investors sold positions of 1,652,839 shares during the same period.