After finishing at $17.60 in the prior trading day, Beyond Meat Inc. (NASDAQ: BYND) closed at $17.80, up 1.14%. In other words, the price has increased by $+0.20 from its previous closing price. On the day, 1974203 shares were traded. BYND stock price reached its highest trading level at $18.68 during the session, while it also had its lowest trading level at $17.63.
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Ratios:
Our goal is to gain a better understanding of BYND by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.90 and its Current Ratio is at 8.00.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2.74.
Stock Price History:
Over the past 52 weeks, BYND has reached a high of $53.47, while it has fallen to a 52-week low of $11.03. The 50-Day Moving Average of the stock is 16.54, while the 200-Day Moving Average is calculated to be 20.27.
Shares Statistics:
The stock has traded on average 2.90M shares per day over the past 3-months and 2.05M shares per day over the last 10 days, according to various share statistics. A total of 63.75M 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 Jan 30, 2023 were 21.39M with a Short Ratio of 21.17M, compared to 22.85M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 33.56% and a Short% of Float of 40.64%.
Earnings Estimates
Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of -$1.18 for the current quarter, with a high estimate of -$0.92 and a low estimate of -$1.36, while EPS last year was -$1.27. The consensus estimate for the next quarter is -$1.02, with high estimates of -$0.74 and low estimates of -$1.29.
Analysts are recommending an EPS of between -$5.67 and -$6.06 for the fiscal current year, implying an average EPS of -$5.92. EPS for the following year is -$3.77, with 15 analysts recommending between -$2.35 and -$4.8.
Revenue Estimates
13 analysts predict $75.92M in revenue for the current quarter. It ranges from a high estimate of $81.02M to a low estimate of $66.48M. As of the current estimate, Beyond Meat Inc.’s year-ago sales were $100.68M, an estimated decrease of -24.60% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $94.1M, a decrease of -14.00% over than the figure of -$24.60% in the same quarter last year. There is a high estimate of $129.02M for the next quarter, whereas the lowest estimate is $79M.
A total of 14 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $420.02M, while the lowest revenue estimate was $405M, resulting in an average revenue estimate of $414.72M. In the same quarter a year ago, actual revenue was $464.7M, down -10.80% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $397.72M in the next fiscal year. The high estimate is $496.76M and the low estimate is $322M. The average revenue growth estimate for next year is down -4.10% from the average revenue estimate for this year.
