Beyond Meat Inc (NASDAQ: BYND) closed the day trading at $8.07 down -3.76% from the previous closing price of $8.39. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 2834853 shares were traded. BYND stock price reached its highest trading level at $8.59 during the session, while it also had its lowest trading level at $8.01.
Ratios:
For a better understanding of BYND, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.26 and its Current Ratio is at 5.01.
On November 13, 2023, Consumer Edge Research Downgraded its rating to Underweight which previously was Equal Weight but kept the price unchanged to $5.
Mizuho Downgraded its Neutral to Underperform on October 12, 2023, whereas the target price for the stock was revised from $12 to $5.
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 542.32M and an Enterprise Value of 1.57B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52. Its current Enterprise Value per Revenue stands at 4.57 whereas that against EBITDA is -5.56.
Stock Price History:
Over the past 52 weeks, BYND has reached a high of $19.25, while it has fallen to a 52-week low of $5.58. The 50-Day Moving Average of the stock is 7.67, while the 200-Day Moving Average is calculated to be 10.01.
Shares Statistics:
Over the past 3-months, BYND traded about 4.10M shares per day on average, while over the past 10 days, BYND traded about 11.13M shares per day. A total of 64.62M shares are outstanding, with a floating share count of 61.21M. Insiders hold about 5.36% of the company’s shares, while institutions hold 46.82% stake in the company. Shares short for BYND as of Feb 15, 2024 were 23.13M with a Short Ratio of 5.64, compared to 23.61M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 35.79% and a Short% of Float of 39.13%.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of -$0.66 for the current quarter, with a high estimate of -$0.55 and a low estimate of -$0.8, while EPS last year was -$0.92. The consensus estimate for the next quarter is -$0.54, with high estimates of -$0.45 and low estimates of -$0.66.
Analysts are recommending an EPS of between -$1.88 and -$3 for the fiscal current year, implying an average EPS of -$2.3. EPS for the following year is -$1.87, with 8 analysts recommending between -$1.48 and -$2.45.
Revenue Estimates
9 analysts predict $75.38M in revenue for the current quarter. It ranges from a high estimate of $82.44M to a low estimate of $72M. As of the current estimate, Beyond Meat Inc’s year-ago sales were $92.24M, an estimated decrease of -18.30% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $96.03M, a decrease of -6.00% over than the figure of -$18.30% in the same quarter last year. There is a high estimate of $106.76M for the next quarter, whereas the lowest estimate is $77.14M.
A total of 10 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $340.03M, while the lowest revenue estimate was $315.01M, resulting in an average revenue estimate of $329.8M. In the same quarter a year ago, actual revenue was $343.38M, down -4.00% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $356.26M in the next fiscal year. The high estimate is $386.45M and the low estimate is $299.2M. The average revenue growth estimate for next year is up 8.00% from the average revenue estimate for this year.
