Beyond Meat Inc (NASDAQ: BYND) kicked off on Monday, down -0.82% from the previous trading day, before settling in for the closing price of $6.09. Over the past 52 weeks, BYND has traded in a range of $5.13-$12.12.
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It was noted that within the last five years, the titan of the Consumer Defensive sector saw sales topped by 52.34%. 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.
The extent of productivity of a business whose workforce counts for 749 workers is very important to gauge. 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 43.89%.
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 1.24.
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)
The latest stats from [Beyond Meat Inc, BYND] show that its last 5-days average volume of 2.37 million was inferior to 2.9 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 19.47%. Additionally, its Average True Range was 0.31.
During the past 100 days, Beyond Meat Inc’s (BYND) raw stochastic average was set at 22.14%, which indicates a significant increase from 19.51% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.98% in the past 14 days, which was lower than the 68.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.37, while its 200-day Moving Average is $6.89. Now, the first resistance to watch is $6.21. This is followed by the second major resistance level at $6.39. The third major resistance level sits at $6.55. If the price goes on to break the first support level at $5.87, it is likely to go to the next support level at $5.71. Assuming the price breaks the second support level, the third support level stands at $5.53.
Beyond Meat Inc (NASDAQ: BYND) Key Stats
The company with the Market Capitalisation of 392.83 million has total of 65,038K 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.
