Is Beyond Meat Inc (BYND) a good stock to buy now?

Beyond Meat Inc (NASDAQ: BYND) is -22.13% lower on its value in year-to-date trading and has touched a low of $5.58 and a high of $22.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BYND stock was last observed hovering at around $7.13 in the last trading session, with the day’s loss setting it -0.2%.

Currently trading at $6.93, the stock is 0.61% and -14.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing -2.81% at the moment leaves the stock -33.02% off its SMA200. BYND registered -57.35% loss for a year compared to 6-month loss of -46.65%. The firm has a 50-day simple moving average (SMA 50) of $4.14 and a 200-day simple moving average (SMA200) of -$6.98.

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The stock witnessed a -10.47% gain in the last 1 month and extending the period to 3 months gives it a 2.06%, and is 13.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.73% over the week and 6.17% over the month.

Profit margin for the company is -71.47%. Distance from 52-week low is 24.19% and -69.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.39%).

Beyond Meat Inc quarterly earnings per share for the current quarter are estimated at -$0.88 with sales reaching $66.66M over the same period.The EPS is expected to grow by 34.78% this year, but quarterly earnings will post -19.70% year-over-year. Quarterly sales are estimated to shrink -16.60% in year-over-year returns.

Beyond Meat Inc (BYND) Top Institutional Holders

328 institutions hold shares in Beyond Meat Inc (BYND), with institutional investors hold 40.94% of the company’s shares. The shares outstanding are 63.77M, and float is at 60.83M with Short Float at 38.40%. Institutions hold 39.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 6.26 million shares valued at $81.22 million. The investor’s holdings represent 9.72% of the BYND Shares outstanding. As of Jun 29, 2023, the second largest holder is Parkwood LLC with 5.4 million shares valued at $70.09 million to account for 8.39% of the shares outstanding. The other top investors are Blackrock Inc. which holds 4.16 million shares representing 6.45% and valued at over $53.94 million, while State Street Corporation holds 2.09% of the shares totaling 1.34 million with a market value of $17.45 million.

Beyond Meat Inc (BYND) Insider Activity

A total of 23 insider transactions have happened at Beyond Meat Inc (BYND) in the last six months, with sales accounting for 22 and purchases happening 1 times.