The Beyond Meat, Inc. (NASDAQ:BYND) is going down by -2.73% in today’s trading session, a fall equivalent to -4.57% of the stock’s price from yesterday’s market close. A news came out 45 min ago stating that WeWork Wants in on the IPO Bonanza by BARRONS. The lowest point that the shares touched during the trading session was $165.58, while the peak of the day was recorded at a share price of $171.98. BYND finished the previous session at $167.29 according to the data provided by Barchart, while the trading volume was observed to be $1,274,543.
The number of shares outstanding, according to the fundamentals of the company, is set at 59.92M, equal to the value of $10.02B in market capitalization. Financial analysts indicate that BYND shares should be still ranked as a “Hold”. In the last 30 days, Beyond Meat, Inc. shares went down by -32.10%, adding 239.71 to growth in value, on top of a +3.01% boost since 07/12/19.
Beyond Meat, Inc. (NASDAQ:BYND) Analyst’s Estimates
Beyond Meat, Inc. (BYND) could record at least $0.02 per share in quarterly earnings in the upcoming report on 10/30/2019, a number that would actually represent an increase of 172.00% YOY.
According to the average analyst rating, Beyond Meat, Inc. would be rated as 3.00. Out of 7 different analysts monitoring BYND stock, 0 analysts rate the stock as a BUY, 7 suggest to give the rating of HOLD, 0 indicate that BYND is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-12-19, the stock earned a Downgrade rating due to a new analyst call from Bernstein, while analysts from JP Morgan believe that the stock is set at Neutral from Overweight, as concluded on Jun-11-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Jun-07-19.
JP Morgan, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on May-28-19, giving the stock a Overweight rating.
BYND Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +18.62% has been attained, while the operating margin has been recorded at -30.11%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -29.85%. Additionally, Beyond Meat, Inc. is recording price volatility of 4.70% for the period of the last seven days and 7.33% in the last 30 days.
Beyond Meat, Inc. (NASDAQ:BYND) Technical Outlook
For the period of the last 50 days, Beyond Meat, Inc. had its Raw Stochastic average set at 45.37% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 5.82%. Stochastic %K for Beyond Meat, Inc., with the last 20 days included, was set at 10.26%, having Stochastic %D topping 10.08%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends.
Beyond Meat, Inc. Insider Watch:
As far as the position of shares issued by Beyond Meat, Inc. (NASDAQ:BYND) for the period concluded at the market close of 08/13/19, 98 institutional investors increased their positions in BYND shares by 1,621,190, 0 decreased positions by 0 and 0 institutional investors decided to hold positions at 0. These numbers put the complete list of institutional holdings set at 1,621,190 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 98 institutional investments with 1,621,190 new shares in addition to having 0 institutional investors selling their positions in 0 shares.