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As of close of business last night, Beyond Meat Inc’s stock clocked out at $8.01, up 0.63% from its previous closing price of $7.96. In other words, the price has increased by $0.63 from its previous closing price. On the day, 21.56 million shares were traded. BYND stock price reached its highest trading level at $10.31 during the session, while it also had its lowest trading level at $7.87.
Ratios:
To gain a deeper understanding of BYND’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 4.27.
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 519726464 and an Enterprise Value of 1584190592. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.59. Its current Enterprise Value per Revenue stands at 4.848 whereas that against EBITDA is -7.923.
Stock Price History:
The Beta on a monthly basis for BYND is 2.45, which has changed by -0.2658112 over the last 52 weeks, in comparison to a change of 0.26159418 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 6.73%, while the 200-Day Moving Average is calculated to be -7.05%.
Shares Statistics:
It appears that BYND traded 3.68M shares on average per day over the past three months and 5151620 shares per day over the past ten days. A total of 64.62M shares are outstanding, with a floating share count of 61.53M. Insiders hold about 5.18% of the company’s shares, while institutions hold 48.44% stake in the company. Shares short for BYND as of 1714435200 were 25356827 with a Short Ratio of 6.89, compared to 1711584000 on 21728360. Therefore, it implies a Short% of Shares Outstanding of 25356827 and a Short% of Float of 40.839999999999996.
Earnings Estimates
As of right now, 7.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.5 for the current quarter, with a high estimate of -$0.34 and a low estimate of -$0.59, while EPS last year was -$0.83. The consensus estimate for the next quarter is -$0.49, with high estimates of -$0.38 and low estimates of -$0.56.
Analysts are recommending an EPS of between -$1.76 and -$3.0 for the fiscal current year, implying an average EPS of -$2.28. EPS for the following year is -$1.76, with 10.0 analysts recommending between -$1.03 and -$2.45.
Revenue Estimates
In the current quarter, 11 analysts expect revenue to total $87.92M. It ranges from a high estimate of $90.4M to a low estimate of $82.95M. As of the current estimate, Beyond Meat Inc’s year-ago sales were $102.15MFor the next quarter, 11 analysts are estimating revenue of $80.58M. There is a high estimate of $85.8M for the next quarter, whereas the lowest estimate is $75M.
A total of 12 analysts have provided revenue estimates for BYND’s current fiscal year. The highest revenue estimate was $330.2M, while the lowest revenue estimate was $312.89M, resulting in an average revenue estimate of $323.39M. In the same quarter a year ago, actual revenue was $343.38MBased on 11 analysts’ estimates, the company’s revenue will be $344.04M in the next fiscal year. The high estimate is $373.49M and the low estimate is $296.3M.
