Beyond Meat Inc. [BYND] stock is down -1.92 while the S&P 500 has fallen -0.19% on Monday, 12/07/20. While at the time of this article, BYND ATR is sitting at 7.24. This stock’s volatility for the past week remained at 3.58%, while it was 5.45% for the past 30-day period. BYND has fallen -$2.68 from the previous closing price of $139.62 on volume of 2.83 million shares.
On 16, November 2020, Beyond Meat® Unveils Delicious Next Iterations of Iconic Beyond Burger® Coming in Early 2021. According to news published on Yahoo Finance, The new platform will offer consumers expanded choice, advances in mouthwatering taste and improved nutritional profiles.
Analyst Birdseye View:
The most recent analyst activity for Beyond Meat Inc. [NASDAQ:BYND] stock was on November 10, 2020, when it was Upgrade with an Overweight rating from Piper Sandler, which also lowered its 12-month price target on the stock from $178 to $144. Before that, on November 10, 2020, UBS Recapitulated a Neutral rating and elevated its amount target to $107. On October 13, 2020, Bernstein Downgrade an Underperform rating and boosted its price target on this stock to $136. On October 06, 2020, Piper Sandler Reiterated a Neutral rating and increased its price target from $130 to $178. On September 18, 2020, JP Morgan Downgrade an Underweight rating and increased its price target to $122. On September 03, 2020, Robert W. Baird Initiated an Outperform rating and boosted its amount on this stock to $160. On August 31, 2020, Citigroup Upgrade a Neutral rating and boosted its target amount on this stock from $123 to $141. Canaccord Genuity elevated its amount target by recapitulating a higher weight for this stock.
In the past 52 weeks of trading, this stock has oscillated between a low of $48.18 and a peak of $197.50. Right now, the middling Wall Street analyst 12-month amount mark is $117.00. At the most recent market close, shares of Beyond Meat Inc. [NASDAQ:BYND] were valued at $136.94. According to the average price forecast, investors can expect a potential return of 1.21%.
Beyond Meat Inc. [NASDAQ:BYND] most recently reported quarterly sales of 94.44 billion, which represented growth of 2.60%. This publicly-traded organization’s revenue is $631,138 per employee, while its income is -$26,362 per employee. This company’s Gross Margin is currently 32.30%, its Operating Margin is -6.40%, its Pretax Margin is -4.17, and its Net Margin is -4.18. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -4.25, -5.39, 1.67 and -4.86 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 7.44 and the whole liability to whole assets at 6.83. It shows enduring liability to the whole principal at 4.77 and enduring liability to assets at 0.04 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 135.14 points at 1st support level, the second support level is making up to 133.34. But as of 1st resistance point, this stock is sitting at 139.26 and at 141.58 for 2nd resistance point.
Beyond Meat Inc. [BYND] reported its earnings at -$0.28 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.05/share signifying the difference of -0.33 and -660.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.02 calling estimates for -$0.02/share with the difference of 0 depicting the surprise of 0.00%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Beyond Meat Inc. [NASDAQ:BYND] is 8.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 5.79. Now if looking for a valuation of this stock’s amount to sales ratio it’s 10.73 and it’s amount to book ratio is 12.12.
The most recent insider trade was by Muth Charles, Chief Growth Officer, and it was the sale of 10000.0 shares on Dec 07. WITTEMAN TERI L, the General Counsel, Secretary, completed a sale of 221.0 shares on Dec 04. On Nov 24, WITTEMAN TERI L, General Counsel, Secretary, completed a sale of 1969.0 shares.