Beyond Meat Inc. (NASDAQ:BYND) is a stock that investors should take a bite out of.

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.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".



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.