Argus has recently raised Beyond Meat Inc (BYND) stock to Hold rating, as announced on February 29, 2024, according to Finviz. Earlier, on November 13, 2023, Consumer Edge Research had reduced the stock from a Equal Weight to Underweight, setting a price target of $5. Mizuho also reduced Underperform rating with a price target of $5. Additionally, TD Cowen initiated Underperform rating on September 13, 2023, with a target price of $10. BMO Capital Markets analysts, in their report published on April 14, 2023, also resumed Market Perform rating for Beyond Meat Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Beyond Meat Inc (BYND) Stock Trading Recap
On Tuesday, Beyond Meat Inc (BYND) stock saw a decline, ending the day at $4.86 which represents a decrease of $-0.10 or -2.02% from the prior close of $4.96. The stock opened at $4.89 and touched a low of $4.83 during the day, reaching a high of $4.95. The volume of shares traded was 3.54 million exceeding the average volume of 2.47 million.
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BYND Stock Performance and Moving Averages
In recent trading, Beyond Meat Inc (BYND) stock price has shown some volatility, fluctuating -7.43% over the last five trades and -20.20% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -37.37%, and it has plunged by -18.32% in the previous three months. Currently, BYND is trading at -7.73%, -18.96%, and -27.90% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BYND, a Consumer Defensive sector stock, is trading -59.90% below its 52-week high but remains 1.46% above its 52-week low. The Average True Range (ATR) (14 days) of 0.28 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Beyond Meat Inc’s Profitability and Valuation Ratios
Beyond Meat Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of -86.29% and a profit margin of -83.63%, with a gross margin of -37.37%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Beyond Meat Inc’s market capitalization stands at $316.89 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 0.98, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.00% of Beyond Meat Inc (BYND)’s shares, while financial institutions hold 47.10%.
