Beyond Meat Inc (NASDAQ:BYND) price on Wednesday, May 09, fall -0.85% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.21.
A look at the stock’s price movement, the close in the last trading session was $8.28. Turning to its 52-week performance, $19.25 and $5.58 were the 52-week high and 52-week low respectively. Overall, BYND moved 9.91% over the past month.
Beyond Meat Inc’s market cap currently stands at around $531.02 million.
Analysts have a consensus estimate of 75.24M for the company’s revenue for the quarter, with a low and high estimate of 72M and 82.44M respectively. The average forecast suggests down to a -18.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 329.64M, representing a -4.00% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BYND is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
BYND’s current price about 20.56% and 7.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.07, while 7-day volatility ratio is 8.40% and 6.14% in the 30-day chart. Further, Beyond Meat Inc (BYND) has a beta value of 2.45, and an average true range (ATR) of 0.49.
If we refocus on Beyond Meat Inc (NASDAQ:BYND), historical trading data shows that trading volumes averaged 3.59 million over the past 3 months. The company’s latest data on shares outstanding shows there are 64.62 million shares.
The 5.07% of Beyond Meat Inc’s shares are in the hands of company insiders while institutional holders own 46.85% of the company’s shares. Current price change has pushed the stock -7.75% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BYND stock continues to rise going into the next quarter.
