Is Beyond Meat Inc. (NASDAQ: BYND) Stock Ready To Get A Higher Bid?

In the last trading session, 1.64 million Beyond Meat Inc. (NASDAQ:BYND) shares changed hands as the company’s beta touched 0. With the company’s per share price at $36.29 changed hands at -$1.7 or -4.47% during last session, the market valuation stood at $2.03B. BYND’s last price was a discount, traded about -271.98% off its 52-week high of $134.99. The share price had its 52-week low at $20.50, which suggests the last value was 43.51% up since then. When we look at Beyond Meat Inc.’s average trading volume, we note the 10-day average is 2.7 million shares, with the 3-month average coming to 3.72 million.

Instantly BYND was in red as seen at the end of in last trading. With action 6.70%, the performance over the past five days has been green. The drop to weekly highs of 39.39 on Friday, 07/22/22 subtracted -4.47% to the stock’s daily price. The company’s shares are showing year-to-date downside of -44.31%, with the 5-day performance at 6.70% in the green. However, in the 30-day time frame, Beyond Meat Inc. (NASDAQ:BYND) is 42.93% up. Looking at the short shares, we see there were 23.09 million shares sold at short interest cover period of 7.92 days.

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The consensus price target for the stock as assigned by Wall Street analysts is $23.73, meaning bulls need a downside of -52.93% from its current market value. According to analyst projections, BYND’s forecast low is $12.00 with $44.00 as the target high. To hit the forecast high, the stock’s price needs a -21.25% plunge from its current level, while the stock would need to tank 66.93% for it to hit the projected low.

Beyond Meat Inc. (BYND) estimates and forecasts

Data shows that the Beyond Meat Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -40.92% over the past 6 months, a -58.54% in annual growth rate that is considerably lower than the industry average of 2.00%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2022 revenue estimates. The rating firms predict current quarter revenue for Beyond Meat Inc. will fall -232.30%. Year-over-year growth is forecast to reach 24.00% up from the last financial year.

Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of $156.62 million. 16 analysts are of the opinion that Beyond Meat Inc.’s revenue for the quarter ending Sep 2022 will be $150.05 million. The company’s revenue for the corresponding quarters a year ago was $149.43 million and $106.43 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 4.80%. The estimates for the next quarter sales put growth at 41.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -46.20%. The 2022 estimates are for Beyond Meat Inc. earnings to decrease by -240.40%, but the outlook for the next 5-year period is at 10.00% per year.

BYND Dividends

Beyond Meat Inc. is expected to release its next quarterly earnings report between February 23 and February 28.

Beyond Meat Inc. (NASDAQ:BYND)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 8.73% of Beyond Meat Inc. shares while 63.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.69%. There are 63.61% institutions holding the Beyond Meat Inc. stock share, with Baillie Gifford and Company the top institutional holder. As of Mar 30, 2022, the company held 13.48% of the shares, roughly 8.56 million BYND shares worth $413.75 million.

Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 7.86% or 4.99 million shares worth $325.47 million as of Dec 30, 2021.

Among Mutual Funds, the top two as of Dec 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 1.62 million shares estimated at $105.34 million under it, the former controlled 2.54% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.26% of the shares, roughly 1.44 million shares worth around $93.52 million.