In the latest session, Beyond Meat Inc (NASDAQ: BYND) closed at $7.52 up 0.94% from its previous closing price of $7.45. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 10498419 shares were traded.
Ratios:
For a deeper understanding of Beyond Meat Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.51 and its Current Ratio is at 5.98.
On October 12, 2023, Mizuho Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $12 to $5.
On September 13, 2023, TD Cowen started tracking the stock assigning a Underperform rating and target price of $10.TD Cowen initiated its Underperform rating on September 13, 2023, with a $10 target price.
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 492.45M and an Enterprise Value of 1.49B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39. Its current Enterprise Value per Revenue stands at 4.27 whereas that against EBITDA is -7.20.
Stock Price History:
Over the past 52 weeks, BYND has reached a high of $19.72, while it has fallen to a 52-week low of $5.58. The 50-Day Moving Average of the stock is 7.78, while the 200-Day Moving Average is calculated to be 10.06.
Shares Statistics:
For the past three months, BYND has traded an average of 2.92M shares per day and 2.68M over the past ten days. A total of 63.77M shares are outstanding, with a floating share count of 61.08M. Insiders hold about 5.36% of the company’s shares, while institutions hold 46.95% stake in the company. Shares short for BYND as of Jan 31, 2024 were 23.36M with a Short Ratio of 8.00, compared to 24.4M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 36.19% and a Short% of Float of 39.57%.
Earnings Estimates
There are 10 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.88 for the current quarter, with a high estimate of -$0.57 and a low estimate of -$1.06, while EPS last year was -$1.05. The consensus estimate for the next quarter is -$0.8, with high estimates of -$0.62 and low estimates of -$0.9.
Analysts are recommending an EPS of between -$3.65 and -$3.92 for the fiscal current year, implying an average EPS of -$3.75. EPS for the following year is -$3.01, with 11 analysts recommending between -$2.29 and -$3.29.
Revenue Estimates
A total of 11 analysts believe the company’s revenue will be $66.66M this quarter.It ranges from a high estimate of $71M to a low estimate of $62.1M. As of the current estimate, Beyond Meat Inc’s year-ago sales were $79.94M, an estimated decrease of -16.60% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $88.64M, a decrease of -3.90% over than the figure of -$16.60% in the same quarter last year. There is a high estimate of $104.48M for the next quarter, whereas the lowest estimate is $78.4M.
A total of 12 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $340M, while the lowest revenue estimate was $331.8M, resulting in an average revenue estimate of $336.42M. In the same quarter a year ago, actual revenue was $418.93M, down -19.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $343.82M in the next fiscal year. The high estimate is $380.53M and the low estimate is $315.15M. The average revenue growth estimate for next year is up 2.20% from the average revenue estimate for this year.
