With 2.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.31 million shares. The 52-week range on BYND shows that it touched its highest point at $9.24 and its lowest point at $2.22 during that stretch. It currently has a 1-year price target of $2.71. Beta for the stock currently stands at 2.15.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BYND was up-trending over the past week, with a rise of 1.60%, but this was up by 26.44% over a month. Three-month performance dropped to -1.55% while six-month performance fell -37.03%. The stock lost -56.73% in the past year, while it has lost -15.43% so far this year. A look at the trailing 12-month EPS for BYND yields -2.28 with Next year EPS estimates of -1.19. For the next quarter, that number is -0.38. This implies an EPS growth rate of 29.55% for this year and 30.44% for next year. EPS is expected to grow by 35.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -52.51%.
Float and Shares Shorts:
At present, 76.41 million BYND shares are outstanding with a float of 71.98 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BYND since 11 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 6 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$2.04371 being high and -$2.26312 being low. For BYND, this leads to a yearly average estimate of -$2.15287. Based on analyst estimates, the high estimate for the next quarter is -$0.29 and the low estimate is -$0.39. The average estimate for the next quarter is thus -$0.35.
