A share price of Beyond Meat Inc [BYND] is currently trading at $4.08, down -2.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BYND shares have gain 13.33% over the last week, with a monthly amount glided 9.97%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Beyond Meat Inc [NASDAQ: BYND] stock has seen the most recent analyst activity on February 29, 2024, when Argus upgraded its rating to a Hold. Previously, Consumer Edge Research downgraded its rating to Underweight on November 13, 2023, and kept the price target unchanged to $5. On October 12, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $5 on the stock. TD Cowen started tracking the stock assigning a Underperform rating and suggested a price target of $10 on September 13, 2023. Argus downgraded its rating to Sell for this stock on December 09, 2022. In a note dated November 28, 2022, Barclays downgraded an Underweight rating on this stock and revised its target price from $13 to $10.
Beyond Meat Inc experienced fluctuations in its stock price throughout the past year between $3.30 and $12.12. Currently, Wall Street analysts expect the stock to reach $6 within the next 12 months. Beyond Meat Inc [NASDAQ: BYND] shares were valued at $4.08 at the most recent close of the market. An investor can expect a potential return of 47.06% based on the average BYND price forecast.
Analyzing the BYND fundamentals
Trailing Twelve Months sales for Beyond Meat Inc [NASDAQ:BYND] were 323.47M which represents 7.56% growth. Gross Profit Margin for this corporation currently stands at -0.17% with Operating Profit Margin at -0.86%, Pretax Profit Margin comes in at -0.84%, and Net Profit Margin reading is -0.84%. To continue investigating profitability, this company’s Return on Assets is posted at -0.39, Equity is 0.48 and Total Capital is -0.46. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.0.
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 3.98 points at the first support level, and at 3.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.20, and for the 2nd resistance point, it is at 4.32.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Beyond Meat Inc [NASDAQ:BYND] is 3.43. As well, the Quick Ratio is 1.99, while the Cash Ratio is 1.41. Considering the valuation of this stock, the price to sales ratio is 0.82.
Transactions by insiders
Recent insider trading involved Brown Ethan, President, Chief Exec. Officer, that happened on Dec 13 ’24 when 0.31 million shares were sold. President, Chief Exec. Officer, Brown Ethan completed a deal on Dec 12 ’24 to sell 0.16 million shares. Meanwhile, Officer Brown Ethan bought 0.31 million shares on Dec 13 ’24.
