Beyond Meat Inc (NASDAQ:BYND) price closed higher on Friday, May 03, jumping 13.52% above its previous close.
A look at the daily price movement shows that the last close reads $7.25. Taking into account the 52-week price action we note that the stock hit a 52-week high of $19.25 and 52-week low of $5.58. The stock added 9.88% on its value in the past month.
Beyond Meat Inc, which has a market valuation of $532.32 million. Analysts tracking BYND have forecast the quarterly EPS to shrink by -0.67 per share this quarter, while the same analysts predict the annual EPS to hit -$2.32 for the year 2024 and up to -$1.91 for 2025. In this case, analysts estimate an annual EPS growth of 38.50% for the year and 17.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $75.24 million, with the likely lows of $72 million and highs of $82.44 million. The average estimate suggests sales growth for the quarter will likely fall by -18.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $329.64 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow -4.00% below that which the company brought in 2024.
On the technical perspective front, indicators give BYND a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
The overview shows that BYND’s price is at present 23.09% off the SMA20 and 8.07% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 69.30, with weekly volatility standing at 8.03%. The indicator jumps to 5.52% when calculated based on the past 30 days. Beyond Meat Inc (NASDAQ:BYND)’s beta value is holding at 2.42, while the average true range (ATR) indicator is currently reading 0.47.
An analysis of the Beyond Meat Inc (NASDAQ:BYND) stock in terms of its daily trading volume indicates that the 3-month average is 3.53 million.
Current records show that the company has 64.62M in outstanding shares. The insiders’ percentage holdings are 5.07% of outstanding shares while the percentage share held by institutions stands at 46.41%. But the -7.53% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
