The growth track for Beyond Meat Inc (BYND) has changed recently

With 3.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 shares. The 52-week range on BYND shows that it touched its highest point at $22.87 and its lowest point at $5.58 during that stretch. It currently has a 1-year price target of $5.75. Beta for the stock currently stands at 2.32.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BYND was up-trending over the past week, with a rise of 10.89%, but this was down by -13.47% over a month. Three-month performance surged to 7.70% while six-month performance fell -45.24%. The stock lost -59.67% in the past year, while it has lost -19.89% so far this year. A look at the trailing 12-month EPS for BYND yields -3.90 with Next year EPS estimates of -3.03. For the next quarter, that number is -0.89. This implies an EPS growth rate of 34.78% for this year and 19.29% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -62.69%.

Float and Shares Shorts:

At present, 63.77 million BYND shares are outstanding with a float of 60.83 million shares on hand for trading. On Jan 31, 2024, short shares totaled 23.36 million, which was 36.19% higher than short shares on Dec 29, 2023. In addition to BLND as the firm’s BLND, BND serves as its Vanguard Total Bond Market ETF.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BYND since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BYND analysts setting a high price target of $9.00 and a low target of $3.00, the average target price over the next 12 months is $5.75. Based on these targets, BYND could surge 26.23% to reach the target high and fall by -57.92% to reach the target low. Reaching the average price target will result in a decline of -19.35% from current levels.

Summary of Insider Activity:

Insiders traded BYND stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 67 over the past year. The total number of shares bought during that period was 593,974 while 56,253 shares were sold.