Home Stock Earnings Investing in Beyond Meat Inc. (BYND) Is Getting More Attractive

Investing in Beyond Meat Inc. (BYND) Is Getting More Attractive

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Investing in Beyond Meat Inc. (BYND) Is Getting More Attractive
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In a filing, Beyond Meat Inc. revealed its Chief Brand Officer Moskowitz Beth unloaded Company’s shares for reported $0.19 million on Aug 10. In the deal valued at $37.51 per share,5,000 shares were sold. As a result of this transaction, Moskowitz Beth now holds 24,179 shares worth roughly $ 0.32 million.


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Then, Moskowitz Beth sold 2,000 shares, generating $75,020 in total proceeds. Upon selling the shares at $37.51, the Chief Brand Officer now owns 22,358 shares.

Before that, Moskowitz Beth sold 2,500 shares. Beyond Meat Inc. shares valued at $90,275 were divested by the Chief Brand Officer at a price of $36.11 per share. As a result of the transaction, Moskowitz Beth now holds 6,981 shares, worth roughly $92847.3.

Piper Sandler reiterated its Beyond Meat Inc. [BYND] rating to an Underweight in a research note published on Monday, August 24, 2022; the price target was $9. PT values the company’s stock at a premium of -47.78 to its Monday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “an Equal weight”. UBS began covering BYND with “Neutral” recommendation on March 30, 2022. Piper Sandler revised its rating on March 28, 2022. It rated BYND as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of BYND

On Monday, Beyond Meat Inc. [NASDAQ:BYND] saw its stock fall -4.39% to $13.30. On the same session, the stock had its day’s lowest price of $12.9278, but rose to a high of $14.20. Over the last five days, the stock has lost -15.29%. Beyond Meat Inc. shares have fallen nearly -79.59% since the year began. Nevertheless, the stocks have fallen -86.67% over the past one year. While a 52-week high of $102.60 was reached on 01/13/22, a 52-week low of $11.90 was recorded on 10/24/22. SMA at 50 days reached $16.72, while 200 days put it at $33.06. A total of 1.94 million shares were traded, compared to the trading of 1.92 million shares in the previous session.

Levels Of Support And Resistance For BYND Stock

The 24-hour chart illustrates a support level at 12.75, which if violated will result in even more drops to 12.20. On the upside, there is a resistance level at 14.02. A further resistance level may holdings at 14.75. The Relative Strength Index (RSI) on the 14-day chart is 38.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.63%. Stochastics %K at 42.44% indicates the stock is a holding.

How much short interest is there in Beyond Meat Inc.?

A steep rise in short interest was recorded in Beyond Meat Inc. stocks on Jul 14, 2022, dropping by -1.84 million shares to a total of 21.53 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 23.37 million shares. There was a decline of -8.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 41.06% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.88.

Beyond Meat Inc. [BYND] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,406,367 shares, or roughly 8.49% of the outstanding BYND shares. In other words, the investor’s shares have risen by 437,550 from its previous 13-F filing of 4968817.0. Additionally, BlackRock Fund Advisors increased 69.24% of its stake after which the total value it holdings stand at $51,347,687, while SSgA Funds Management, Inc. added 64.48% of its stake to hold $20.11 million in the firm. Over the last quarter, Ninety One UK Ltd. purchased 38,647 shares of Beyond Meat Inc., while Geode Capital Management LLC bought 292,312 shares. At present, Goldman Sachs & Co. LLC is holding 998,959 shares valued at $14.16 million. D. E. Shaw & Co. LP owned 970,537 shares of the company at the time of its most recent 13F filing, worth $13.75 million.

According to FactSet, Beyond Meat Inc.’s share price will average $16.00 in the next year, based on opinions of analysts polled by the firm. This is down nearly -2.95 percent from its previous closing price of $13.91. Analysts expect Beyond Meat Inc. stock to reach the higher price of $35.00, while the lowest price estimate is $5.00. However, 19 analysts have rated BYND stock as a Hold in their predictions for 2022. The most recent change occurred on February 25, 2022 when Piper Sandler resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $50.

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