Beyond Meat Inc (BYND) Is Down -28.54% in 2024 With Lots of Room to Run

Beyond Meat Inc (NASDAQ: BYND) is -28.54% lower on its value in year-to-date trading and has touched a low of $5.13 and a high of $12.12 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 $6.33 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $6.36, the stock is 2.51% and 2.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.22 million and changing 0.47% at the moment leaves the stock -12.46% off its SMA200. BYND registered -37.95% loss for a year compared to 6-month loss of -21.48%.

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The stock witnessed a -0.47% gain in the last 1 month and extending the period to 3 months gives it a -2.30%, and is 1.60% 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 5.14% over the week and 5.48% over the month.

Beyond Meat Inc (BYND) has around 749 employees, a market worth around $413.65M and $317.78M in sales. Profit margin for the company is -98.95%. Distance from 52-week low is 23.98% and -47.52% from its 52-week high. The company has generated returns on investments over the last 12 months (-50.09%).

with sales reaching $80.95M over the same period.The EPS is expected to grow by 57.92% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to grow 7.50% in year-over-year returns.

Beyond Meat Inc (BYND) Top Institutional Holders

299.0 institutions hold shares in Beyond Meat Inc (BYND), with institutional investors hold 46.61% of the company’s shares. The shares outstanding are 64.62M, and float is at 60.90M with Short Float at 38.94%. Institutions hold 44.30% of the Float.

The top institutional shareholder in the company is PARKWOOD LLC with over 5.4 million shares valued at $1.15 million. The investor’s holdings represent 8.3459% of the BYND Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.46 million shares valued at $29.94 million to account for 6.897 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 4.2 million shares representing 6.4909% and valued at over $28.18 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 4.8485 of the shares totaling 3.14 million with a market value of $21.05 million.