The stock price of Beyond Meat Inc (NASDAQ: BYND) has plunged by -0.15 when compared to previous closing price of 6.68, but the company has seen a 4.38% gain in its stock price over the last five trading sessions. The Motley Fool reported 2023-11-15 that Beyond Meat stock rallied last week, even after the company announced disappointing quarterly results. Around 43% of Beyond Meat’s float is currently sold short.

Is It Worth Investing in Beyond Meat Inc (NASDAQ: BYND) Right Now?

Additionally, the 36-month beta value for BYND is 2.25. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 6 rating it as “sell.”

The average price predicted by analysts for BYND is $5.75, which is -$0.92 below the current price. The public float for BYND is 60.83M and currently, short sellers hold a 43.74% ratio of that float. The average trading volume of BYND on November 21, 2023 was 2.06M shares.

BYND’s Market Performance

BYND stock saw a decrease of 4.38% in the past week, with a monthly decline of -2.41% and a quarterly a decrease of -42.25%. The volatility ratio for the week is 6.90%, and the volatility levels for the last 30 days are 8.40% for Beyond Meat Inc (BYND). The simple moving average for the last 20 days is 2.92% for BYND stock, with a simple moving average of -47.52% for the last 200 days.

Analysts’ Opinion of BYND

Many brokerage firms have already submitted their reports for BYND stocks, with Consumer Edge Research repeating the rating for BYND by listing it as a “Underweight.” The predicted price for BYND in the upcoming period, according to Consumer Edge Research is $5 based on the research report published on November 13, 2023 of the current year 2023.

BYND Trading at -17.57% 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 -70.84% of loss for the given period.

Volatility was left at 8.40%, however, over the last 30 days, the volatility rate increased by 6.90%, as shares surge +6.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.95% lower at present.

During the last 5 trading sessions, BYND rose by +4.38%, which changed the moving average for the period of 200-days by -65.65% in comparison to the 20-day moving average, which settled at $6.50. In addition, Beyond Meat Inc saw -45.82% 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 -1167.03, with -24.14 for asset returns.

When we switch over and look at the enterprise to sales, we see a ratio of 3.76, 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

In conclusion, Beyond Meat Inc (BYND) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.