Beyond Meat Inc (NASDAQ: BYND) kicked off on Monday, up 4.11% from the previous trading day, before settling in for the closing price of $6.32. Over the past 52 weeks, BYND has traded in a range of $5.13-$12.12.
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Annual sales at Consumer Defensive sector company grew by 52.34% over the past five years. While this was happening, its average annual earnings per share was recorded 58.08%. With a float of $60.91 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
Our next focus will be how large-scale investors are participating in this stock of the Packaged Foods Industry. The insider ownership of Beyond Meat Inc is 6.35%, while institutional ownership is 43.91%.
Beyond Meat Inc (BYND) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -1.09 earnings per share (EPS), lower than consensus estimate (set at -0.89) by -0.2. 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 58.08% 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
Take a look at Beyond Meat Inc’s (BYND) current performance indicators. Last quarter, 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 1.35.
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 -1.64 in one year’s time.
Technical Analysis of Beyond Meat Inc (BYND)
Beyond Meat Inc (NASDAQ: BYND) saw its 5-day average volume 1.88 million, a negative change from its year-to-date volume of 2.91 million. As of the previous 9 days, the stock’s Stochastic %D was 56.62%. Additionally, its Average True Range was 0.30.
During the past 100 days, Beyond Meat Inc’s (BYND) raw stochastic average was set at 35.28%, which indicates a significant decrease from 69.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.02% in the past 14 days, which was lower than the 69.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.39, while its 200-day Moving Average is $6.92. Nevertheless, the first resistance level for the watch stands at $6.70 in the near term. At $6.83, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.02. If the price goes on to break the first support level at $6.39, it is likely to go to the next support level at $6.20. Assuming the price breaks the second support level, the third support level stands at $6.07.
Beyond Meat Inc (NASDAQ: BYND) Key Stats
The company with the Market Capitalisation of 427.96 million has total of 64,885K Shares Outstanding. Its annual sales at the moment are 343,380 K in contrast with the sum of -338,140 K annual income. Company’s last quarter sales were recorded 93,190 K and last quarter income was -34,480 K.
