Beyond Meat Inc. (NASDAQ: BYND) has experienced a rise in its stock price by 3.06 compared to its previous closing price of 11.10. However, the company has seen a gain of 4.86% in its stock price over the last five trading days. Barron’s reported on 02/24/23 that Beyond Meat Stock Soars 23% as Results, Forecast Offer ‘Positive Surprise’
Is It Worth Investing in Beyond Meat Inc. (NASDAQ: BYND) Right Now?
Moreover, the 36-month beta value for BYND is 2.02. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 5 as “sell.”
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The average price recommended by analysts for Beyond Meat Inc. (BYND) is $10.75, which is -$0.69 below the current market price. The public float for BYND is 58.07M and currently, short sellers hold a 33.61% of that float. On May 25, 2023, BYND’s average trading volume was 2.49M shares.
BYND’s Market Performance
BYND stock saw a decrease of 4.86% in the past week, with a monthly decline of -13.92% and a quarterly a decrease of -33.26%. The volatility ratio for the week is 7.06%, and the volatility levels for the last 30 days are 6.66% for Beyond Meat Inc. (BYND). The simple moving average for the past 20 days is -4.19% for BYND’s stock, with a -31.24% simple moving average for the past 200 days.
BYND Trading at -18.43% 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 -74.34% of loss for the given period.
Volatility was left at 6.66%, however, over the last 30 days, the volatility rate increased by 7.06%, as shares sank -11.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.73% lower at present.
During the last 5 trading sessions, BYND rose by +4.86%, which changed the moving average for the period of 200-days by -70.90% in comparison to the 20-day moving average, which settled at $11.86. In addition, Beyond Meat Inc. saw -7.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BYND starting from Ajami Dariush, who sale 27,690 shares at the price of $14.65 back on Dec 14. After this action, Ajami Dariush now owns 78,774 shares of Beyond Meat Inc., valued at $405,772 using the latest closing price.
KUTUA LUBI, the CFO, Treasurer of Beyond Meat Inc., sale 15,139 shares at $14.38 during a trade that took place back on Dec 13, which means that KUTUA LUBI is holding 58,687 shares at $217,682 based on the most recent closing price.
Stock Fundamentals for BYND
Current profitability levels for the company are sitting at:
- -77.70 for the present operating margin
- -6.77 for the gross margin
The net margin for Beyond Meat Inc. stands at -87.40. The total capital return value is set at -28.55, while invested capital returns managed to touch -32.24. Equity return is now at value 200.90, with -29.50 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 3.98, with the company’s debt to enterprise value settled at 0.72. The receivables turnover for the company is 10.74 and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 8.00.
Conclusion
To wrap up, the performance of Beyond Meat Inc. (BYND) has been bad in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
