Beyond Meat Inc (NASDAQ: BYND) has experienced a decline in its stock price by -1.54 compared to its previous closing price of 4.55. However, the company has seen a fall of -9.68% in its stock price over the last five trading days. fool.com reported 2024-12-09 that Shares of Beyond Meat (BYND -1.65%) were among the losers last week as the once high-flying growth stock reported disappointing results in its third-quarter earnings report in November.
Is It Worth Investing in Beyond Meat Inc (NASDAQ: BYND) Right Now?
Additionally, the 36-month beta value for BYND is 2.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 3 rating it as “sell.”
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The public float for BYND is 61.08M and currently, short sellers hold a 45.68% ratio of that float. The average trading volume of BYND on December 10, 2024 was 2.61M shares.
BYND’s Market Performance
BYND stock saw a decrease of -9.68% in the past week, with a monthly decline of -23.29% and a quarterly a decrease of -26.56%. The volatility ratio for the week is 4.35%, and the volatility levels for the last 30 days are 5.28% for Beyond Meat Inc (BYND). The simple moving average for the past 20 days is -9.81% for BYND’s stock, with a -32.96% simple moving average for the past 200 days.
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 -22.75% 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 -63.04% of loss for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares sank -16.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -37.43% lower at present.
During the last 5 trading sessions, BYND fell by -9.68%, which changed the moving average for the period of 200-days by -42.64% in comparison to the 20-day moving average, which settled at $4.97. In addition, Beyond Meat Inc saw -49.66% 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:
- -0.86 for the present operating margin
- -0.17 for the gross margin
The net margin for Beyond Meat Inc stands at -0.84. The total capital return value is set at -0.46.
Based on Beyond Meat Inc (BYND), the company’s capital structure generated 2.16 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 -1.86. The interest coverage ratio of the stock is -68.75.
Currently, EBITDA for the company is -282.19 million with net debt to EBITDA at -5.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.31. The receivables turnover for the company is 9.33for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.43.
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.
