Beyond Meat Inc. [BYND] fell -42.96% so far this year. What now?


Beyond Meat Inc. [NASDAQ: BYND] plunged by -$0.39 during the normal trading session on Wednesday and reaching a high of $38.5739 during the day while it closed the day at $37.17. The company report on June 27, 2022 that EATV, the World’s First Plant-based Innovation ETF, Makes History at The New York Stock Exchange (NYSE: EATV).

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VegTech™ Invest, Advisor to EATV, the VegTech™ Plant-based Innovation & Climate ETF,  throws historic party at The New York Stock Exchange celebrating the EATV listing and world’s first Plant-based Innovation ETF, (NYSE: EATV).

EATV (NYSE: EATV), the VegTech™ Plant-based Innovation & Climate ETF, made history on June 23rd, when its advisor, VegTech™ Invest, threw a party at The New York Stock Exchange celebrating the listing of the world’s first Plant-based Innovation ETF.

Beyond Meat Inc. stock has also gained 21.39% of its value over the past 7 days. However, BYND stock has declined by -12.21% in the 3 months of the year. Over the past six months meanwhile, it has lost -41.70% and lost -42.96% year-on date.

The market cap for BYND stock reached $2.08 billion, with 63.47 million shares outstanding and 57.99 million shares in the current float. Compared to the average trading volume of 3.68M shares, BYND reached a trading volume of 2809434 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 $25.73 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 3.10. 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.

Barclays have made an estimate for Beyond Meat Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on May 12, 2022. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on March 30, 2022, representing the official price target for Beyond Meat Inc. stock. Previously, the target price had yet another drop from $50 to $29, while Piper Sandler kept a Underweight rating on BYND stock. On February 25, 2022, analysts decreased their price target for BYND shares from 64 to 50.

The Average True Range (ATR) for Beyond Meat Inc. is set at 2.44, with the Price to Sales ratio for BYND stock in the period of the last 12 months amounting to 4.46. The Price to Book ratio for the last quarter was 57.18, with the Price to Cash per share for the same quarter was set at 9.80.

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 21.39. With this latest performance, BYND shares gained by 56.70% in over the last four-week period, additionally sinking by -41.70% over the last 6 months – not to mention a drop of -71.54% 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 70.92, with the RSI for the last a single of trading hit 77.80, and the three-weeks RSI is set at 64.00 for Beyond Meat Inc. [BYND]. The present Moving Average for the last 50 days of trading for this stock 27.11, while it was recorded at 34.67 for the last single week of trading, and 55.69 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 -34.25 and a Gross Margin at +24.38. Beyond Meat Inc.’s Net Margin is presently recorded at -39.19.

Return on Equity for this stock declined to -72.90, with Return on Assets sitting at -19.71.

Beyond Meat Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.30 and a Current Ratio set at 9.10.

Earnings per share (EPS) analysis for Beyond Meat Inc. [BYND] stock

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 10.00%.

Beyond Meat Inc. [BYND]: Insider Ownership positions

There are presently around $1,431 million, or 61.70% of BYND stock, in the hands of institutional investors. The top three institutional holders of BYND stocks are: BAILLIE GIFFORD & CO with ownership of 8,564,394, which is approximately 1.097% of the company’s market cap and around 4.30% of the total institutional ownership; VANGUARD GROUP INC, holding 5,046,377 shares of the stock with an approximate value of $187.57 million in BYND stocks shares; and BLACKROCK INC., currently with $88.79 million in BYND stock with ownership of nearly 0.169% 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 164 institutional holders increased their position in Beyond Meat Inc. [NASDAQ:BYND] by around 5,479,259 shares. Additionally, 168 investors decreased positions by around 6,123,964 shares, while 75 investors held positions by with 26,905,505 shares. The mentioned changes placed institutional holdings at 38,508,728 shares, according to the latest SEC report filing. BYND stock had 59 new institutional investments in for a total of 1,691,498 shares, while 71 institutional investors sold positions of 1,135,027 shares during the same period.