A new trading day began on Friday, with Beyond Meat Inc (NASDAQ: BYND) stock price down -2.14% from the previous day of trading, before settling in for the closing price of $6.53. BYND’s price has ranged from $5.13 to $13.40 over the past 52 weeks.
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During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 52.34%. Meanwhile, its annual earnings per share averaged 57.59%. With a float of $60.88 million, this company’s outstanding shares have now reached $64.62 million.
Let’s determine the extent of company efficiency that accounts for 749 employees.
Beyond Meat Inc (BYND) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Packaged Foods Industry. The insider ownership of Beyond Meat Inc is 6.39%, while institutional ownership is 47.77%.
Beyond Meat Inc (BYND) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.44 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 57.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -60.31% drop over the previous five years of trading.
Beyond Meat Inc (NASDAQ: BYND) Trading Performance Indicators
Here are Beyond Meat Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.37. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.87, a number that is poised to hit -0.47 in the next quarter and is forecasted to reach -1.70 in one year’s time.
Technical Analysis of Beyond Meat Inc (BYND)
Looking closely at Beyond Meat Inc (NASDAQ: BYND), its last 5-days average volume was 9.95 million, which is a jump from its year-to-date volume of 3.21 million. As of the previous 9 days, the stock’s Stochastic %D was 40.94%. Additionally, its Average True Range was 0.69.
During the past 100 days, Beyond Meat Inc’s (BYND) raw stochastic average was set at 24.32%, which indicates a significant decrease from 30.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.01% in the past 14 days, which was higher than the 72.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.65, while its 200-day Moving Average is $7.33. However, in the short run, Beyond Meat Inc’s stock first resistance to watch stands at $8.35. Second resistance stands at $10.32. The third major resistance level sits at $11.39. If the price goes on to break the first support level at $5.31, it is likely to go to the next support level at $4.24. Should the price break the second support level, the third support level stands at $2.27.
Beyond Meat Inc (NASDAQ: BYND) Key Stats
With a market capitalization of 415.61 million, the company has a total of 64,885K Shares Outstanding. Currently, annual sales are 343,380 K while annual income is -338,140 K. The company’s previous quarter sales were 75,600 K while its latest quarter income was -54,360 K.
