Market Resilience: Beyond Meat Inc (BYND) Finishes Weak at 5.37, Down -8.05

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Beyond Meat Inc (NASDAQ: BYND) closed the day trading at $5.37 down -8.05% from the previous closing price of $5.84. In other words, the price has decreased by -$8.05 from its previous closing price. On the day, 5.45 million shares were traded. BYND stock price reached its highest trading level at $5.92 during the session, while it also had its lowest trading level at $5.33.

Ratios:

For a better understanding of BYND, let’s look at its different ratios. 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 350141728 and an Enterprise Value of 1451923840. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.00. Its current Enterprise Value per Revenue stands at 4.489 whereas that against EBITDA is -10.766.

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 -15.41%, while the 200-Day Moving Average is calculated to be -21.86%.

Shares Statistics:

Over the past 3-months, BYND traded about 2.78M shares per day on average, while over the past 10 days, BYND traded about 3331540 shares per day. 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 43.91% stake in the company. Shares short for BYND as of 1728950400 were 26152000 with a Short Ratio of 9.42, compared to 1726185600 on 23722267. Therefore, it implies a Short% of Shares Outstanding of 26152000 and a Short% of Float of 42.0.

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