A History of Outperforming Analyst Forecasts and Beating the Odds: Beyond Meat Inc (BYND)

With 21.56 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.68 million shares. During the session, the Packaged Foods company that operates in wider Consumer Defensive sector, reached to the highest price of $10.31 whereas the lowest price it dropped to was $7.87. 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 $5.95. Beta for the stock currently stands at 2.45.

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 -3.26%, but this was up by 23.42% over a month. Three-month performance surged to 23.23% while six-month performance rose 15.92%. The stock lost -23.50% in the past year, while it has lost -10.00% so far this year. A look at the trailing 12-month EPS for BYND yields -5.17 with Next year EPS estimates of -1.78. For the next quarter, that number is -0.52. This implies an EPS growth rate of 56.39% for this year and 22.55% 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 61.53 million shares on hand for trading. On 2024-04-30, short shares totaled 25.36 million, which was 3909.9996999999994 higher than short shares on 1711584000. In addition to Mr. Ethan Brown as the firm’s Founder, President, CEO & Director, Mr. Lubi Kutua serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 0.40192002 of BYND’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-30, BYND reported revenue of $75603000.0 and operating income of -$53474000.0. The EBITDA in the recently reported quarter was -$46382000.0 and diluted EPS was -$0.84.

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.