A new trading day began on Monday, with Beyond Meat Inc (NASDAQ: BYND) stock price down -2.65% from the previous day of trading, before settling in for the closing price of $6.41. BYND’s price has ranged from $5.13 to $12.12 over the past 52 weeks.
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Annual sales at Consumer Defensive sector company grew by 52.34% over the past five years. Meanwhile, its annual earnings per share averaged 58.14%. With a float of $60.90 million, this company’s outstanding shares have now reached $64.62 million.
Let’s look at the performance matrix of the company that is accounted for 749 employees. In terms of profitability, gross margin is -23.7%, operating margin of -100.02%, and the pretax margin is -98.9%.
Beyond Meat Inc (BYND) Insider Updates
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 6.36%, while institutional ownership is 43.63%.
Beyond Meat Inc (BYND) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -1.09 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 58.14% 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 1.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.87, a number that is poised to hit -0.48 in the next quarter and is forecasted to reach -1.66 in one year’s time.
Technical Analysis of Beyond Meat Inc (BYND)
Beyond Meat Inc (NASDAQ: BYND) saw its 5-day average volume 2.04 million, a negative change from its year-to-date volume of 3.02 million. As of the previous 9 days, the stock’s Stochastic %D was 9.30%. Additionally, its Average True Range was 0.38.
During the past 100 days, Beyond Meat Inc’s (BYND) raw stochastic average was set at 27.01%, which indicates a significant increase from 4.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.25% in the past 14 days, which was lower than the 69.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.22, while its 200-day Moving Average is $7.08. Nevertheless, the first resistance level for the watch stands at $6.37 in the near term. At $6.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.59. If the price goes on to break the first support level at $6.15, it is likely to go to the next support level at $6.05. Assuming the price breaks the second support level, the third support level stands at $5.93.
Beyond Meat Inc (NASDAQ: BYND) Key Stats
With a market capitalization of 405.85 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 93,190 K while its latest quarter income was -34,480 K.
