Beyond Meat Inc [BYND] stock is trading at $7.81, up 3.03%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The BYND shares have gain 7.58% over the last week, with a monthly amount glided 14.01%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Beyond Meat® Unveils Its Beyond IV Platform, the Fourth Generation of the Beyond Burger® and Beyond Beef®, With Significant Advancements Across Taste, Health and Clean Label. In a post published today on Yahoo Finance, BEYOND MEAT® UNVEILS ITS BEYOND IV PLATFORM, THE FOURTH GENERATION OF THE BEYOND BURGER® AND BEYOND BEEF®, WITH SIGNIFICANT ADVANCEMENTS ACROSS TASTE, HEALTH AND CLEAN LABEL.
From an analyst’s perspective:
Beyond Meat Inc [NASDAQ: BYND] stock has seen the most recent analyst activity on November 13, 2023, when Consumer Edge Research downgraded its rating to a Underweight but kept the price target unchanged to $5 for it. Previously, Mizuho downgraded its rating to Underperform on October 12, 2023, and dropped its price target to $5. On September 13, 2023, TD Cowen initiated with a Underperform rating and assigned a price target of $10 on the stock. Argus downgraded its rating to a Sell. Barclays downgraded its rating to Underweight for this stock on November 28, 2022, and downed its price target to $10. In a note dated November 23, 2022, Goldman reiterated an Sell rating on this stock and revised its target price from $14 to $5.
Beyond Meat Inc [BYND] stock has fluctuated between $5.58 and $22.87 over the past year. Currently, Wall Street analysts expect the stock to reach $64.22 within the next 12 months. Beyond Meat Inc [NASDAQ: BYND] shares were valued at $7.81 at the most recent close of the market. An investor can expect a potential return of 722.28% based on the average BYND price forecast.
Analyzing the BYND fundamentals
Beyond Meat Inc [NASDAQ:BYND] reported sales of 349.63M for the trailing twelve months, which represents a drop of -8.71%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.52 points at the first support level, and at 7.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.95, and for the 2nd resistance point, it is at 8.10.
Beyond Meat Inc [BYND] reported earnings per share of -$1.09 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.89/share, meaning a difference of -$0.2 and a surprise factor of -22.50%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.83 per share as compared to estimates of -$0.86 per share, a difference of $0.03 representing a surprise of 3.50%.
Ratios To Look Out For
For context, Beyond Meat Inc’s Current Ratio is 5.98. In addition, the Quick Ratio stands at 3.51 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.44.
