Beyond Meat Inc. [BYND] Revenue clocked in at $463.60 million, down -75.63% YTD: What’s Next?


Beyond Meat Inc [NASDAQ: BYND] It rose $1.15 during the normal trading session on Wednesday and reached a high of $16.09 on the day while closing the day at $15.88. Company report on September 21 2022 THAT THE COLLAB TEAM YOU’VE LOVED: TACO BELL® Introduces a new after CARNE ASADA STEAK™.

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In partnership with Beyond Meat®, Taco Bell offers a first-of-its-kind innovation at par with traditional steaks for a limited time in the Dayton, Ohio area as the brand increases access to delicious vegetarian items.

Taco Bell and Beyond Meat® today announced the first of its kind to change its category: Beyond Carne Asada Steak™. This brand new but totally delicious vegan protein will be available at select Taco Bell locations in the Dayton, Ohio area beginning October 13th, for a limited time, while supplies last. QSR.

Beyond Meat Inc.’s stock also lost ground. Also -0.13% of its value over the past 7 days. However, BYND stock is down -34.81% in the three months of the year. Over the past six months, it has lost -69.09% and lost -75.63% year-over-year.

BYND’s stock has a market capitalization of $982.65 million, with 63.57 million shares outstanding and 58.10 million shares in current float. Compared to an average trading volume of 3.38 million shares, BYND reached a trading volume of 4,061,339 on the last trading day, which is why market watchers consider the stock to be active.

Here’s what leading stock market gurus have to say about Beyond Meat Inc. [BYND]:

Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on BYND’s stock price target is $22.67 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for BYND stock is a set recommendation at 3.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.

Piper Sandler has made an appreciation for the shares of Beyond Meat Inc. , retaining their opinion of the stock as Underweight, with their previous recommendation on August 24, 2022. While these analysts retained the previous recommendation, Barclays cut its target price from $80 to $25. . The new note about price target was released on May 12, 2022, which is the official target price for Beyond Meat Inc.’s stock. Previously, the target price had received another increase to $48, while UBS analysts maintained a neutral rating on BYND stock. On March 28, 2022, analysts lowered their target price for BYND shares from 50 to 29.

The Average True Range (ATR) is set by Beyond Meat Inc. at 1.53, with a price-to-sales ratio for BYND stock in the last twelve months at 2.12.

BYND Stock Trading Performance Evaluation

Beyond Meat Inc [BYND] It fell into the red at the end of last week, fell in a negative direction and fell by -0.13. With this latest performance, BYND shares are down -35.24% over the past four-week period, as well as -69.09% over the past six months – not to mention a -85.21% drop in the last year of trading.

Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for the BYND stock for the past two weeks was set at 28.95, with the RSI for the last one traded at 30.31, and the three-week RSI at 31.39 for Beyond Meat Inc. [BYND]. The current moving average for the last 50 trading days for this stock is 27.27 while it recorded at 15.22 for the last trading week, and 40.30 for the last 200 days.

Beyond Meat Inc [BYND]: Insight into the basic fundamentals

Operating margin for any stock indicates how profitable the investment is, Beyond Meat Inc. [BYND] The equity’s current operating margin is -34.25 and the total margin is at +24.38. Beyond Meat Inc.’s net margin was reported. Currently at -39.19.

The return on equity for this stock fell to -72.90, with the return on assets remaining at -19.71.

Beyond Meat Inc.’s liquidity data is Interesting too, with a quick ratio of 5.20 and a current ratio set at 7.50.

Earnings per share (EPS) analysis for Beyond Meat Inc. [BYND] stock

The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for BYND. When it comes to the stated value, analysts expect Beyond Meat Inc.’s 5-year EPS growth rate to rise. to 10.00%.

Beyond Meat Inc [BYND]: Insiders ownership positions

There are currently about $627 million, or 70.80% of BYND’s stock, in the hands of institutional investors. The three largest corporate owners of BYND shares are: BAILLIE GIFFORD & CO with 8,428,509 ownership, which represents approximately -1.587% of the company’s market capitalization and approximately 2.50% of the total institutional ownership; VANGUARD GROUP INC., which owns 5,559,436 shares of stock with an approximate value of $88.28 million in BYND stock; and BLACKROCK INC. , currently with $65.07 million in BYND shares with ownership of approximately 71.54% of the company’s market capitalization.

Positions increased in the shares of Beyond Meat Inc. held by institutional investors at the end of August and at the time of the August report, as 138 institutional investors consolidated their positions in Beyond Meat Inc. [NASDAQ:BYND] About 7,704,404 shares. In addition, the number of 163 investors decreased by about 6,720,639 shares, while 81 investors held positions with 25,063,641 shares. The said changes put institutional holdings at 3,948,684 shares, according to the latest report from the Securities and Exchange Commission. BYND stock had 45 new institutional investments totaling 1,158,961 shares, while 82 institutional investors sold positions worth 3,822,259 shares during the same period.

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