BYND Stock Summary and Trading Ideas (Beyond Meat | NASDAQ:BYND)

Beyond Meat Inc is a provider of plant-based meat company offering a portfolio of revolutionary plant-based meats. It builds meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating plant-based meat product It has products such as burgers, sausage, ground beef, jerky, meatballs and chicken. The company generates revenue from sales of its products to the customers across mainstream grocery, mass merchandiser, club store, convenience store and natural retailer channels, and various food-away-from-home channels, including restaurants, foodservice outlets and schools, mainly in the United States.

Beyond Meat trades on the NASDAQ stock market under the symbol BYND.

As of November 15, 2024, BYND stock price declined to $5.14 with 2,751,569 million shares trading.

BYND has a beta of 0.62, meaning it tends to be less sensitive to market movements. BYND has a correlation of 0.01 to the broad based SPY ETF.

BYND has a market cap of $334.30 million. This is considered a Small Cap stock.

Last quarter Beyond Meat reported $81 million in Revenue and -$.41 earnings per share. This beat revenue expectation by $296,000 and exceeded earnings estimates by $.03.

In the last 3 years, BYND traded as high as $84.56 and as low as $5.00.

The top ETF exchange traded funds that BYND belongs to (by Net Assets): VTI, IWM, VXF, VDC, IWO.

BYND has underperformed the market in the last year with a price return of -29.0% while the SPY ETF gained +31.8%. BYND has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.3% and -15.6%, respectively, while the SPY returned +6.2% and +2.6%, respectively.

BYND support price is $5.11 and resistance is $5.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BYND shares will trade within this expected range on the day.