Beyond Meat Inc. (NASDAQ:BYND) went down by -13.83% from its latest closing price compared to the recent 1-year high of $160.28. The company’s stock price has collected -37.33% of loss in the last five trading sessions. The Wall Street Journal reported 3 hours ago that Beyond Meat Shares Drop as Losses Widen
Is It Worth Investing in Beyond Meat Inc. (NASDAQ :BYND) Right Now?
Opinions of the stock are interesting as 2 analysts out of 22 who provided ratings for Beyond Meat Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 14 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $46.69, which is $21.21 above the current price. BYND currently public float of 57.98M and currently shorts hold a 39.82% ratio of that float. Today, the average trading volume of BYND was 3.15M shares.
BYND’s Market Performance
BYND stocks went down by -37.33% for the week, with a monthly drop of -40.47% and a quarterly performance of -58.24%, while its annual performance rate touched -75.07%. The volatility ratio for the week stands at 13.47% while the volatility levels for the past 30 days are set at 10.17% for Beyond Meat Inc.. The simple moving average for the period of the last 20 days is -32.44% for BYND stocks with a simple moving average of -66.20% for the last 200 days.
Analysts’ Opinion of BYND
Many brokerage firms have already submitted their reports for BYND stocks, with UBS repeating the rating for BYND by listing it as a “Neutral.” The predicted price for BYND in the upcoming period, according to UBS is $48 based on the research report published on March 30th of the current year 2022.
Piper Sandler, on the other hand, stated in their research note that they expect to see BYND reach a price target of $29, previously predicting the price at $50. The rating they have provided for BYND stocks is “Underweight” according to the report published on March 28th, 2022.
Piper Sandler gave a rating of “Neutral” to BYND, setting the target price at $50 in the report published on February 25th of the current year.
BYND Trading at -39.25% from the 50-Day Moving Average
After a stumble in the market that brought BYND to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -83.67% of loss for the given period.
Volatility was left at 10.17%, however, over the last 30 days, the volatility rate increased by 13.47%, as shares sank -39.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -44.81% lower at present.
During the last 5 trading sessions, BYND fell by -37.33%, which changed the moving average for the period of 200-days by -78.80% in comparison to the 20-day moving average, which settled at $37.87. In addition, Beyond Meat Inc. saw -59.84% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at BYND starting from Carhart Diane, who sale 5,048 shares at the price of $43.20 back on Apr 13. After this action, Carhart Diane now owns 1,540 shares of Beyond Meat Inc., valued at $218,074 using the latest closing price.
WITTEMAN TERI L, the Chief Legal Officer, Secretary of Beyond Meat Inc., sale 7,880 shares at $64.26 during a trade that took place back on Dec 10, which means that WITTEMAN TERI L is holding 32,715 shares at $506,363 based on the most recent closing price.
Stock Fundamentals for BYND
Current profitability levels for the company are sitting at:
- -34.25 for the present operating margin
- +24.38 for the gross margin
The net margin for Beyond Meat Inc. stands at -39.19. Equity return is now at value -84.80, with -12.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 11.17.