The stock of Beyond Meat Inc (BYND) has gone up by 7.78% for the week, with a 0.74% rise in the past month and a 4.30% rise in the past quarter. The volatility ratio for the week is 5.90%, and the volatility levels for the past 30 days are 5.26% for BYND. The simple moving average for the last 20 days is 9.74% for BYND stock, with a simple moving average of -6.24% for the last 200 days.
Is It Worth Investing in Beyond Meat Inc (NASDAQ: BYND) Right Now?
The 36-month beta value for BYND is at 2.26. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 7 as “sell.”
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The public float for BYND is 60.90M, and currently, shorts hold a 38.94% of that float. The average trading volume for BYND on September 25, 2024 was 2.99M shares.
BYND) stock’s latest price update
The stock price of Beyond Meat Inc (NASDAQ: BYND) has surged by 6.59 when compared to previous closing price of 6.37, but the company has seen a 7.78% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-19 that Beyond Meat’s shares dropped 13.10% since May, but the company is showing fundamental improvements, particularly in gross margins and cost-cutting measures. Despite initial hopes tied to a bird flu outbreak, Beyond Meat’s turnaround is driven by better pricing strategies and a loyal consumer base. The company remains high-risk with ongoing net losses and potential need for equity raises, but improved margins suggest a more stable future.
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 10.08% 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 -43.98% of loss for the given period.
Volatility was left at 5.26%, however, over the last 30 days, the volatility rate increased by 5.90%, as shares surge +4.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.34% upper at present.
During the last 5 trading sessions, BYND rose by +7.78%, which changed the moving average for the period of 200-days by -29.71% in comparison to the 20-day moving average, which settled at $6.20. In addition, Beyond Meat Inc saw -23.71% 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 -0.99. The total capital return value is set at -0.51.
Based on Beyond Meat Inc (BYND), the company’s capital structure generated 2.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.06. The debt to equity ratio resting at -1.94. The interest coverage ratio of the stock is -79.04.
Currently, EBITDA for the company is -282.82 million with net debt to EBITDA at -4.1. When we switch over and look at the enterprise to sales, we see a ratio of 4.78. The receivables turnover for the company is 9.22for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.80.
Conclusion
In conclusion, Beyond Meat Inc (BYND) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
