Beyond Meat Inc. (BYND) Moving Averages: Key Indicators for Technical Analysis.


The price of Beyond Meat Inc. (NASDAQ: BYND) closed at $10.18 in the last session, down -1.64% from day before closing price of $10.35. In other words, the price has decreased by -$0.17 from its previous closing price. On the day, 950203 shares were traded. BYND stock price reached its highest trading level at $10.42 during the session, while it also had its lowest trading level at $10.14.

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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 5.30 and its Current Ratio is at 9.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on September 13, 2023, initiated with a Underperform rating and assigned the stock a target price of $10.

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:

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 655.45M and an Enterprise Value of 1.66B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86. Its current Enterprise Value per Revenue stands at 4.65 whereas that against EBITDA is -7.32.

Stock Price History:

Over the past 52 weeks, BYND has reached a high of $22.87, while it has fallen to a 52-week low of $9.81. The 50-Day Moving Average of the stock is 13.58, while the 200-Day Moving Average is calculated to be 14.23.

Shares Statistics:

According to the various share statistics, BYND traded on average about 2.70M shares per day over the past 3-months and 1.91M shares per day over the past 10 days. A total of 64.25M shares are outstanding, with a floating share count of 58.50M. 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 Aug 30, 2023 were 21.98M with a Short Ratio of 21.98M, compared to 21.86M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 34.13% and a Short% of Float of 37.33%.

Earnings Estimates

The company has 10 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.84 for the current quarter, with a high estimate of -$0.67 and a low estimate of -$1.03, while EPS last year was -$1.6. The consensus estimate for the next quarter is -$0.75, with high estimates of -$0.52 and low estimates of -$0.9.

Analysts are recommending an EPS of between -$2.96 and -$3.68 for the fiscal current year, implying an average EPS of -$3.37. EPS for the following year is -$2.76, with 10 analysts recommending between -$2.09 and -$3.23.

Revenue Estimates

According to 10 analysts, the current quarter’s revenue is expected to be $88.95M. It ranges from a high estimate of $95.6M to a low estimate of $76.4M. As of the current estimate, Beyond Meat Inc.’s year-ago sales were $82.5M, an estimated increase of 7.80% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $83.59M, an increase of 4.60% less than the figure of $7.80% in the same quarter last year. There is a high estimate of $87M for the next quarter, whereas the lowest estimate is $70.77M.

A total of 11 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $375M, while the lowest revenue estimate was $341.55M, resulting in an average revenue estimate of $367.34M. In the same quarter a year ago, actual revenue was $418.93M, down -12.30% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $392.48M in the next fiscal year. The high estimate is $424.63M and the low estimate is $323.91M. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.


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