As of close of business last night, Beyond Meat Inc.’s stock clocked out at $17.99, down -7.36% from its previous closing price of $19.42. In other words, the price has decreased by -$1.43 from its previous closing price. On the day, 3820713 shares were traded. BYND stock price reached its highest trading level at $19.27 during the session, while it also had its lowest trading level at $17.31.
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To gain a deeper understanding of BYND’s stock, we examine its different ratios. 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.
Investing in insider trades can also provide an investor with insight into how management views future 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.
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.72.
Stock Price History:
Over the past 52 weeks, BYND has reached a high of $64.59, while it has fallen to a 52-week low of $11.03. The 50-Day Moving Average of the stock is 14.56, while the 200-Day Moving Average is calculated to be 22.24.
It appears that BYND traded 2.56M shares on average per day over the past three months and 3.73M shares per day over the past ten 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 22.54M, 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%.
As of right now, 17 analysts gave their recommendation on the stock of the company. 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.
In the current quarter, 17 analysts expect revenue to total $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.