Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Beyond Meat Inc (NASDAQ: BYND) closed the day trading at $6.79 up 0.15% from the previous closing price of $6.78. In other words, the price has increased by $0.15 from its previous closing price. On the day, 1.85 million shares were traded. BYND stock price reached its highest trading level at $7.13 during the session, while it also had its lowest trading level at $6.62.
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 440296864 and an Enterprise Value of 1465990656. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28. Its current Enterprise Value per Revenue stands at 4.269 whereas that against EBITDA is -7.133.
Stock Price History:
The Beta on a monthly basis for BYND is 2.43, which has changed by -0.4707716 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. 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 -10.95%, while the 200-Day Moving Average is calculated to be -24.47%.
Shares Statistics:
Over the past 3-months, BYND traded about 3.49M shares per day on average, while over the past 10 days, BYND traded about 1951170 shares per day. A total of 64.62M shares are outstanding, with a floating share count of 60.65M. Insiders hold about 6.23% of the company’s shares, while institutions hold 46.67% stake in the company. Shares short for BYND as of 1713139200 were 22904757 with a Short Ratio of 6.56, compared to 1710460800 on 21783258. Therefore, it implies a Short% of Shares Outstanding of 22904757 and a Short% of Float of 36.900002.
Earnings Estimates
Investors are keenly observing as 10.0 analysts analyze and rate the current performance of Beyond Meat Inc (BYND) in the stock market.On average, analysts expect EPS of -$0.67 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 -$0.55, with high estimates of -$0.45 and low estimates of -$0.66.
Analysts are recommending an EPS of between -$1.88 and -$3.0 for the fiscal current year, implying an average EPS of -$2.32. EPS for the following year is -$1.91, with 10.0 analysts recommending between -$1.48 and -$2.45.
Revenue Estimates
10 analysts predict $75.24M 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 $92.24MFor the next quarter, 10 analysts are estimating revenue of $96.22M. There is a high estimate of $106.76M for the next quarter, whereas the lowest estimate is $77.14M.
A total of 11 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 $329.64M. In the same quarter a year ago, actual revenue was $343.38MBased on 10 analysts’ estimates, the company’s revenue will be $355.23M in the next fiscal year. The high estimate is $386.45M and the low estimate is $299.2M.
