The stock of Beyond Meat Inc (BYND) has gone up by 3.27% for the week, with a 10.34% rise in the past month and a -8.16% drop in the past quarter. The volatility ratio for the week is 5.12%, and the volatility levels for the past 30 days are 9.60% for BYND. The simple moving average for the last 20 days is -2.72% for BYND’s stock, with a simple moving average of -16.32% for the last 200 days.
Is It Worth Investing in Beyond Meat Inc (NASDAQ: BYND) Right Now?
Company’s 36-month beta value is 2.43.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BYND is 60.46M, and currently, short sellers hold a 37.37% ratio of that floaft. The average trading volume of BYND on March 27, 2024 was 3.69M shares.
BYND) stock’s latest price update
Beyond Meat Inc (NASDAQ: BYND)’s stock price has soared by 3.66 in relation to previous closing price of 7.93. Nevertheless, the company has seen a gain of 3.27% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-26 that Beyond Meat (BYND) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Analysts’ Opinion of BYND
Consumer Edge Research, on the other hand, stated in their research note that they expect to see BYND reach a price target of $5. The rating they have provided for BYND stocks is “Underweight” according to the report published on November 13th, 2023.
Mizuho gave a rating of “Underperform” to BYND, setting the target price at $5 in the report published on October 12th of the previous year.
BYND Trading at 8.58% 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 -57.30% of loss for the given period.
Volatility was left at 9.60%, however, over the last 30 days, the volatility rate increased by 5.12%, as shares surge +9.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.59% upper at present.
During the last 5 trading sessions, BYND rose by +3.27%, which changed the moving average for the period of 200-days by -36.18% in comparison to the 20-day moving average, which settled at $8.48. In addition, Beyond Meat Inc saw -7.64% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BYND
Current profitability levels for the company are sitting at:
- -1.0 for the present operating margin
- -0.24 for the gross margin
The net margin for Beyond Meat Inc stands at -0.98. The total capital return value is set at -0.49.
Based on Beyond Meat Inc (BYND), the company’s capital structure generated 1.73 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at -2.37. The interest coverage ratio of the stock is -86.55.
Currently, EBITDA for the company is -282.82 million with net debt to EBITDA at -3.63. When we switch over and look at the enterprise to sales, we see a ratio of 4.54. The receivables turnover for the company is 10.82for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.01.
Conclusion
In a nutshell, Beyond Meat Inc (BYND) has experienced a mixed performance in recent times. The stock has received mixed “buy” 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.
