Beyond Meat Inc [BYND] Is Currently 0.94 below its 200 Period Moving Avg: What Does This Mean?

Beyond Meat Inc [NASDAQ: BYND] gained 0.94% or 0.07 points to close at $7.52 with a heavy trading volume of 10498419 shares. The company report on February 27, 2024 at 4:05 PM that Beyond Meat® Reports Fourth Quarter and Full Year 2023 Financial Results.

The daily chart for BYND points out that the company has recorded -34.89% loss over the past six months.

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If we look at the average trading volume of 2.92M shares, BYND reached to a volume of 10498419 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 $5.92 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 4.00. 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.

Consumer Edge Research have made an estimate for Beyond Meat Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on November 13, 2023. While these analysts kept the previous recommendation, Mizuho raised their target price from $12 to $5. The new note on the price target was released on October 12, 2023, representing the official price target for Beyond Meat Inc stock. Previously, the target price had yet another raise to $10, while TD Cowen analysts kept a Underperform rating on BYND stock.

The Average True Range (ATR) for Beyond Meat Inc is set at 0.53, with the Price to Sales ratio for BYND stock in the period of the last 12 months amounting to 1.39.

Trading performance analysis for BYND stock

Beyond Meat Inc [BYND] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.74. With this latest performance, BYND shares gained by 5.17% in over the last four-week period, additionally sinking by -34.89% over the last 6 months – not to mention a drop of -60.17% 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 54.82, with the RSI for the last a single of trading hit 58.65, and the three-weeks RSI is set at 51.99 for Beyond Meat Inc [BYND]. The present Moving Average for the last 50 days of trading for this stock 7.72, while it was recorded at 7.54 for the last single week of trading, and 10.03 for the last 200 days.

Beyond Meat Inc [BYND]: A deeper dive into fundamental analysis

Beyond Meat Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.51 and a Current Ratio set at 5.98.

Beyond Meat Inc [BYND]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Beyond Meat Inc posted -1.05/share EPS, while the average EPS was predicted by analysts to be reported at -1.18/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 11.00%. 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. 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%.

An analysis of Institutional ownership at Beyond Meat Inc [BYND]

The top three institutional holders of BYND stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in BYND stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in BYND stock with ownership which is approximately 5.8325%.