A Stock You Should Be Looking At: Beyond Meat Inc. (NASDAQ:BYND)

The price of Beyond Meat Inc. (NASDAQ: BYND) closed at $15.12 in the last session, up 6.03% from day before closing price of $14.26. In other words, the price has increased by $+0.86 from its previous closing price. On the day, 2033193 shares were traded. BYND stock price reached its highest trading level at $15.48 during the session, while it also had its lowest trading level at $14.07.

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We take a closer look at BYND’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 5.00 and its Current Ratio is at 7.70.

Upgrades & Downgrades

On November 28, 2022, Barclays Downgraded its rating to Underweight which previously was Equal Weight and also lowered its target price recommendation from $13 to $10.

Goldman reiterated its Sell rating for the stock on November 23, 2022, while the target price for the stock was revised from $14 to $5.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 14 when Ajami Dariush sold 27,690 shares for $14.65 per share. The transaction valued at 405,772 led to the insider holds 78,774 shares of the business.

KUTUA LUBI sold 15,139 shares of BYND for $217,682 on Dec 13. The CFO, Treasurer now owns 58,687 shares after completing the transaction at $14.38 per share. On Dec 02, another insider, Moskowitz Beth, who serves as the Chief Brand Officer of the company, sold 5,000 shares for $14.08 each. As a result, the insider received 70,388 and left with 19,179 shares of the company.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 2.07.

Stock Price History:

Over the past 52 weeks, BYND has reached a high of $68.06, while it has fallen to a 52-week low of $11.03. The 50-Day Moving Average of the stock is 13.91, while the 200-Day Moving Average is calculated to be 23.56.

Shares Statistics:

According to the various share statistics, BYND traded on average about 2.39M shares per day over the past 3-months and 2.32M shares per day over the past 10 days. A total of 63.70M shares are outstanding, with a floating share count of 58.07M. Insiders hold about 1.30% of the company’s shares, while institutions hold 43.20% stake in the company. Shares short for BYND as of Oct 13, 2022 were 23.74M with a Short Ratio of 22.85M, compared to 21.27M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 37.29% and a Short% of Float of 45.17%.

Earnings Estimates

The company has 17 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$1.14 for the current quarter, with a high estimate of -$0.81 and a low estimate of -$1.36, while EPS last year was -$0.87. The consensus estimate for the next quarter is -$1.03, with high estimates of -$0.58 and low estimates of -$1.23.

Analysts are recommending an EPS of between -$3.27 and -$5.7 for the fiscal current year, implying an average EPS of -$5.2. EPS for the following year is -$3.49, with 19 analysts recommending between -$1.64 and -$5.82.

Revenue Estimates

According to 17 analysts, the current quarter’s revenue is expected to be $98.11M. It ranges from a high estimate of $146.44M to a low estimate of $80M. As of the current estimate, Beyond Meat Inc.’s year-ago sales were $106.43M, an estimated decrease of -7.80% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $94.55M, a decrease of -6.10% over than the figure of -$7.80% in the same quarter last year. There is a high estimate of $143.1M for the next quarter, whereas the lowest estimate is $66.48M.

A total of 19 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $566.25M, while the lowest revenue estimate was $405M, resulting in an average revenue estimate of $453.35M. In the same quarter a year ago, actual revenue was $464.7M, down -2.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $499.83M in the next fiscal year. The high estimate is $695.97M and the low estimate is $361.65M. The average revenue growth estimate for next year is up 10.30% from the average revenue estimate for this year.