With 2.85 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.79 million shares. The 52-week range on BYND shows that it touched its highest point at $10.31 and its lowest point at $2.86 during that stretch. It currently has a 1-year price target of $3.66. Beta for the stock currently stands at 2.35.
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 -3.72%, but this was down by -20.66% over a month. Three-month performance dropped to -30.73% while six-month performance fell -47.47%. The stock lost -61.03% in the past year, while it has lost -17.29% so far this year. A look at the trailing 12-month EPS for BYND yields -2.43 with Next year EPS estimates of -1.02. For the next quarter, that number is -0.47. This implies an EPS growth rate of 37.50% for this year and 32.66% for next year. EPS is expected to grow by 37.88% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -52.51%.
Float and Shares Shorts:
At present, 76.07 million BYND shares are outstanding with a float of 71.59 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BYND since 11 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 6 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.99751 being high and -$2.2341 being low. For BYND, this leads to a yearly average estimate of -$2.15287. Based on analyst estimates, the high estimate for the next quarter is -$0.33 and the low estimate is -$0.39. The average estimate for the next quarter is thus -$0.37.
