As of close of business last night, Beyond Meat Inc.’s stock clocked out at $11.44, up 3.06% from its previous closing price of $11.10. In other words, the price has increased by $+0.34 from its previous closing price. On the day, 1980084 shares were traded. BYND stock price reached its highest trading level at $11.61 during the session, while it also had its lowest trading level at $10.84.
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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 5.40 and its Current Ratio is at 9.10.
Upgrades & Downgrades
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.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BYND now has a Market Capitalization of 672.45M and an Enterprise Value of 1.60B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95. Its current Enterprise Value per Revenue stands at 3.97 whereas that against EBITDA is -5.96.
Stock Price History:
Over the past 52 weeks, BYND has reached a high of $44.59, while it has fallen to a 52-week low of $9.81. The 50-Day Moving Average of the stock is 13.90, while the 200-Day Moving Average is calculated to be 16.50.
It appears that BYND traded 2.49M shares on average per day over the past three months and 3.69M shares per day over the past ten days. A total of 64.00M 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 Apr 27, 2023 were 19.52M with a Short Ratio of 19.52M, compared to 19.74M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 30.42% and a Short% of Float of 33.29%.
As of right now, 14 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.86 for the current quarter, with a high estimate of -$0.7 and a low estimate of -$0.98, while EPS last year was -$1.53. The consensus estimate for the next quarter is -$0.77, with high estimates of -$0.61 and low estimates of -$0.92.
Analysts are recommending an EPS of between -$2.76 and -$3.7 for the fiscal current year, implying an average EPS of -$3.26. EPS for the following year is -$2.53, with 14 analysts recommending between -$1.38 and -$3.14.
In the current quarter, 13 analysts expect revenue to total $111.53M. It ranges from a high estimate of $131.38M to a low estimate of $104M. As of the current estimate, Beyond Meat Inc.’s year-ago sales were $147.04M, an estimated decrease of -24.10% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $93.93M, an increase of 13.90% over than the figure of -$24.10% in the same quarter last year. There is a high estimate of $106.2M for the next quarter, whereas the lowest estimate is $87.02M.
A total of 14 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $405M, while the lowest revenue estimate was $374.9M, resulting in an average revenue estimate of $388.83M. In the same quarter a year ago, actual revenue was $418.93M, down -7.20% from the average estimate. Based on 14 analysts’ estimates, the company’s revenue will be $433.08M in the next fiscal year. The high estimate is $472.64M and the low estimate is $381.3M. The average revenue growth estimate for next year is up 11.40% from the average revenue estimate for this year.