Beyond Meat Inc [NASDAQ: BYND] loss -11.25% on the last trading session, reaching $5.84 price per share at the time.
If compared to the average trading volume of 2.72M shares, BYND reached a trading volume of 7814390 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $5.38 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 3.92. 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.
Argus have made an estimate for Beyond Meat Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on February 29, 2024. The new note on the price target was released on November 13, 2023, representing the official price target for Beyond Meat Inc stock. Previously, the target price had yet another drop from $12 to $5, while Mizuho kept a Underperform rating on BYND stock.
The Average True Range (ATR) for Beyond Meat Inc is set at 0.35, with the Price to Sales ratio for BYND stock in the period of the last 12 months amounting to 1.17.
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 -4.11. With this latest performance, BYND shares dropped by -10.02% in over the last four-week period, additionally sinking by -16.93% over the last 6 months – not to mention a drop of -16.21% 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 40.84, with the RSI for the last a single of trading hit 37.68, and the three-weeks RSI is set at 43.20 for Beyond Meat Inc [BYND]. The present Moving Average for the last 50 days of trading for this stock 6.37, while it was recorded at 6.19 for the last single week of trading, and 6.88 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 1.99 and a Current Ratio set at 3.43.
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 10.00%.
An analysis of Institutional ownership at Beyond Meat Inc [BYND]
There are presently around $44.09%, or 46.38%% of BYND stock, in the hands of institutional investors. The top three institutional holders of BYND stocks are: PARKWOOD LLC with ownership of 5.4 million shares, which is approximately 8.3459%. BLACKROCK INC., holding 4.46 million shares of the stock with an approximate value of $$29.94 million in BYND stocks shares; and BLACKROCK INC., currently with $$28.18 million in BYND stock with ownership which is approximately 6.4909%.
