(VIANEWS) – Beyond Meat (NASDAQ: BYND) stock surged 18.09% over five sessions from EUR5.97 to EUR7.05 as of 21:23 EST Tuesday evening – marking a rebound following two consecutive losses. Meanwhile, the NASDAQ index also rose 0.8% with five consecutive gains to EUR13,626.33, surpassing Beyond Meat by EUR0.075 at its last closing price of EUR6.88 which is 69.52% lower than its 52-week high of EUR22.87
About Beyond Meat
Beyond Meat is an industry-leading developer, manufacturer, marketer and seller of plant-based meat alternatives in both the US and internationally. Offering options across beef, pork and poultry platforms; products are sold through various retail channels including grocery stores, mass merchandisers, clubs convenience stores natural retailers as well as food service outlets restaurants foodservice outlets schools – and Beyond Meat was founded as Savage River Inc back in 2009. Their headquarters can be found in El Segundo California.
Yearly Analysis
Beyond Meat is currently trading at EUR7.05, significantly below its 52-week high of EUR22.87 but higher than its 52-week low of EUR5.58 – suggesting high levels of volatility over the past year.
Financially speaking, Beyond Meat is projected to experience sales growth of negative 12.6% this year and then steady 5.7% next year; yet their EBITDA score currently stands at -38.11 which indicates negative earnings before taking into account interest, taxes, depreciation and amortization costs.
Given this information, investors must carefully assess both risks and rewards when considering investing in Beyond Meat stock. Although negative sales growth might cause concern, investors should not disregard future growth potential of Beyond Meat. Furthermore, investors should monitor Beyond Meat’s financial performance closely as well as any related company developments and industry trends that arise over time.
Technical Analysis
Beyond Meat Stock Price Undercut Moving Averages Beyond Meat’s current stock price is significantly below both its 50-day moving average (EUR9.08) and 200-day moving average (EUR13.21), suggesting an increasing decline in its value.
Today’s trading volume of 753,334 represents a 52.26% drop from its average volume of 2,061,330 and could indicate less demand or interest in the stock.
Beyond Meat has seen consistently positive intraday volatility over the last week, month, and quarter. These levels average out to an average of 5.76%, 0.83%, and 3.21%, respectively. Unfortunately, however, this volatility has yet to translate to any sustained upward trends in its stock price.
Stochastic Oscillator Indicates Oversold Conditions the Stochastic Oscillator indicates that Beyond Meat stock may currently be considered oversold (=20), suggesting it could be an ideal time for investors to purchase it. However, investors must remember this indicator should only be used along with other technical and fundamental analysis tools in making an informed investment decision.
Quarter Analysis
Beyond Meat Investment Outlook:
Based on available data, Beyond Meat’s sales growth is currently 6.6% in its current quarter and expected to drop slightly to 4.2% during its next. Yet their estimated growth estimates for both quarters is 46.9% and 27.6%, respectively.
Notably, the company’s year-on-year quarterly revenue growth has declined by 30.5% and currently stands at 356.82M.
Overall, Beyond Meat appears to offer investors a positive investment outlook, with strong growth projections for upcoming quarters. However, investors should keep in mind the decrease in year-on-year revenue growth and current revenues which could hamper its long-term success.
Equity Analysis
According to available information, Beyond Meat has experienced a trailing twelve month earnings per share loss of EUR-4.4. This indicates that it experienced an annual net loss of this amount. Note that investors use EPS as an important metric when evaluating a company’s profitability and performance.
Negative earnings per share (EPS) results indicate that the company is incurring losses instead of profits. While this information might cause concern among potential investors, as it suggests the operations might not survive over the long-term; investors must carefully consider other factors like growth prospects, competitive standing and current market conditions before making investment decisions.
Before making an investment decision, investors should carefully assess Beyond Meat’s financial performance and key factors before taking action. Consulting a financial advisor or conducting additional research may help investors gain a more holistic view of its prospects.
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