Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Beyond Meat Inc (NASDAQ: BYND) was $8.28 for the day, up 0.61% from the previous closing price of $8.23. In other words, the price has increased by $0.61 from its previous closing price. On the day, 2.01 million shares were traded. BYND stock price reached its highest trading level at $8.31 during the session, while it also had its lowest trading level at $7.875.
Ratios:
Our analysis of BYND’s different ratios will help us gain a deeper understanding of the company. 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 536915776 and an Enterprise Value of 1562359680. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.56. Its current Enterprise Value per Revenue stands at 4.55 whereas that against EBITDA is -7.602.
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 8.42%, while the 200-Day Moving Average is calculated to be -6.05%.
Shares Statistics:
BYND traded an average of 3.59M shares per day over the past three months and 2462370 shares per day over the past ten days. A total of 64.62M shares are outstanding, with a floating share count of 61.40M. Insiders hold about 5.07% of the company’s shares, while institutions hold 46.51% stake in the company. Shares short for BYND as of 1713139200 were 22904757 with a Short Ratio of 6.38, compared to 1710460800 on 21783258. Therefore, it implies a Short% of Shares Outstanding of 22904757 and a Short% of Float of 36.900002.
