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The price of Beyond Meat Inc (NASDAQ: BYND) closed at $4.88 in the last session, down -1.21% from day before closing price of $4.94. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 2.7 million shares were traded. BYND stock price reached its highest trading level at $4.9199 during the session, while it also had its lowest trading level at $4.79.
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 1.99 and its Current Ratio is at 3.43.
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 318192096 and an Enterprise Value of 1419974144. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98. Its current Enterprise Value per Revenue stands at 4.39 whereas that against EBITDA is -10.529.
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 $4.83. The 50-Day Moving Average of the stock is -21.57%, while the 200-Day Moving Average is calculated to be -28.41%.
Shares Statistics:
According to the various share statistics, BYND traded on average about 2.28M shares per day over the past 3-months and 4112370 shares per day over the past 10 days. A total of 64.62M shares are outstanding, with a floating share count of 61.06M. Insiders hold about 6.35% of the company’s shares, while institutions hold 47.07% stake in the company. Shares short for BYND as of 1730332800 were 26019234 with a Short Ratio of 11.41, compared to 1727654400 on 24770940. Therefore, it implies a Short% of Shares Outstanding of 26019234 and a Short% of Float of 41.689998.
Earnings Estimates
As of right now, 9.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.43, with high estimates of -$0.27 and low estimates of -$0.5.
Analysts are recommending an EPS of between -$1.94 and -$2.27 for the fiscal current year, implying an average EPS of -$2.1. EPS for the following year is -$1.53, with 10.0 analysts recommending between -$1.12 and -$1.77.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $76.37M. It ranges from a high estimate of $80.2M to a low estimate of $73.9M. As of the current estimate, Beyond Meat Inc’s year-ago sales were $73.68MFor the next quarter, 8 analysts are estimating revenue of $78.68M. There is a high estimate of $81.23M for the next quarter, whereas the lowest estimate is $74.8M.
A total of 9 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $330M, while the lowest revenue estimate was $320.5M, resulting in an average revenue estimate of $325.37M. In the same quarter a year ago, actual revenue was $343.38MBased on 9 analysts’ estimates, the company’s revenue will be $336.15M in the next fiscal year. The high estimate is $350M and the low estimate is $302.9M.
