The price of Beyond Meat Inc (NASDAQ: BYND) closed at $8.50 in the last session, up 3.28% from day before closing price of $8.23. In other words, the price has increased by $+0.27 from its previous closing price. On the day, 2613450 shares were traded.
Ratios:
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 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 550.40M and an Enterprise Value of 1.58B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60. Its current Enterprise Value per Revenue stands at 4.59 whereas that against EBITDA is -5.59.
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 7.59, while the 200-Day Moving Average is calculated to be 9.90.
Shares Statistics:
According to the various share statistics, BYND traded on average about 3.80M shares per day over the past 3-months and 3.45M shares per day over the past 10 days. A total of 64.62M shares are outstanding, with a floating share count of 60.46M. Insiders hold about 6.52% of the company’s shares, while institutions hold 46.82% stake in the company. Shares short for BYND as of Feb 29, 2024 were 22.59M with a Short Ratio of 5.94, compared to 23.36M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 34.93% and a Short% of Float of 38.18%.
Earnings Estimates
The company has 8 analysts who recommend its stock at the moment. 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
According to 9 analysts, the current quarter’s revenue is expected to be $75.38M. 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.
