Beyond Meat Inc (BYND)’s Market Momentum: Closing Strong at 6.60, Down -0.45

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As of close of business last night, Beyond Meat Inc’s stock clocked out at $6.60, down -0.45% from its previous closing price of $6.63. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 1.06 million shares were traded. BYND stock price reached its highest trading level at $6.77 during the session, while it also had its lowest trading level at $6.58.

Ratios:

To gain a deeper understanding of BYND’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.37 and its Current Ratio is at 3.80.

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 429253440 and an Enterprise Value of 1507251328. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35. Its current Enterprise Value per Revenue stands at 4.743 whereas that against EBITDA is -8.347.

Stock Price History:

Over the past 52 weeks, BYND has reached a high of $12.12, while it has fallen to a 52-week low of $5.13. The 50-Day Moving Average of the stock is 4.86%, while the 200-Day Moving Average is calculated to be -5.82%.

Shares Statistics:

It appears that BYND traded 2.96M shares on average per day over the past three months and 1610270 shares per day over the past ten days. A total of 64.62M shares are outstanding, with a floating share count of 60.90M. Insiders hold about 6.36% of the company’s shares, while institutions hold 43.59% stake in the company. Shares short for BYND as of 1727654400 were 24770940 with a Short Ratio of 8.36, compared to 1724976000 on 23715554. Therefore, it implies a Short% of Shares Outstanding of 24770940 and a Short% of Float of 39.78.

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