It is Poised to be a Bull Market for Beyond Meat Inc (BYND)

With 1.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.67 million shares. The 52-week range on BYND shows that it touched its highest point at $19.25 and its lowest point at $5.58 during that stretch. It currently has a 1-year price target of $7.00. Beta for the stock currently stands at 2.42.

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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 down-trending over the past week, with a drop of -3.91%, but this was down by -22.01% over a month. Three-month performance dropped to -14.38% while six-month performance fell -20.79%. The stock lost -52.05% in the past year, while it has lost -14.38% so far this year. A look at the trailing 12-month EPS for BYND yields -5.25 with Next year EPS estimates of -1.87. For the next quarter, that number is -0.66. This implies an EPS growth rate of 54.89% for this year and 21.36% 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 -60.31%.

Float and Shares Shorts:

At present, 64.62 million BYND shares are outstanding with a float of 60.46 million shares on hand for trading. On Mar 15, 2024, short shares totaled 21.78 million, which was 33.68% higher than short shares on Feb 15, 2024. In addition to BLND as the firm’s BLND, BYND serves as its Beyond Meat, Inc.

Institutional Ownership:

Through their ownership of 38.74% of BYND’s outstanding shares, institutional investors have minority control over the company.

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.

Dividends & Yield:

In terms of dividends, BYND has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and BYND currently yields $0.00. In the past year, BYND’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, BYND has a current buyback yield of $–. This was $– for the TTM, and it was $– for the past five years.