Beyond Meat, Inc. (BYND), a Consumer Defensive Packaged Foods corporation, saw its stock exchange 121.90 shares, decrease against to its 10-day trading volume of 8.76M.
Beyond Meat, Inc. (BYND) stock is trading at $121.90, up 2.17 cents or +1.81% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking profits.
On Feb 10,2020 Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Beyond Meat, Inc. (NASDAQ: BYND) between May 2, 2019 and January 27, 2020, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Beyond Meat investors under the federal securities laws.
According to the Complaint, on January 27, 2020, post-market, Don Lee Farms issued a press release entitled “Judge Rules Don Lee Farms Likely to Obtain a Judgment. Beyond Meat’s CFO and Others Named Individually for Fraud.” The press release stated, in part, that “[a] judge has ruled Don Lee Farms proved the probable validity of its claim that Beyond Meat breached its manufacturing agreement with Don Lee Farms” and that “[i]n a separate motion before a different Judge, the Court granted Don Lee Farms’ request to name Beyond Meat Chief Financial Officer Mark Nelson, Senior Quality Assurance Manager Jessica Quetsch and Director of Operations Anthony Miller in its fraud claims which allege they intentionally doctored and omitted material information from a food safety consultant’s report, and then delivered that doctored report to Don Lee Farms and affirmatively represented that it was the complete opinion of the consultant.”
Susquehanna Investment Group discloses holding a passive stake in Beyond Meat (BYND +3.3%) of about 6.8%.The stake in BYND is the fourth largest.
Total Revenue for Beyond Meat, Inc. (BYND) is $230.93M, Gross Profit is $17.57Mand the EBITDA is $5.07M.
Beyond Meat, Inc. (BYND) Technical Statistics:
The average 10-day trading volume of Beyond Meat, Inc. (BYND) is 8.76M compared to 8.5M over the last 3 months which indicates an inflation in trading activity. At the time of writing, Beyond Meat, Inc. (BYND) has a 50-day moving average of $101.35 and a 200-day moving average of $118.73. These moving averages are popular technical details that investors use to analyze price trends of Beyond Meat, Inc. (BYND).
Approximately 23.90% of the shares of the company are short sold from traders betting the stock might trade lower. The Beyond Meat, Inc. (BYND) stock is indicating its 5.75% to 8.97% more volatile than the overall global market.
BYND is trading 171.00% off its 52 week low at $45.00 and -49.13% off its 52 week high of $239.71. Performance wise, BYND stock has recently shown investors 12.95% an inflation in a week, 32.66% an inflation in a month and 51.58% an inflation in the past quarter.
More importantly, Beyond Meat, Inc. (BYND) has shown a return of 58.37% since the first of the year.
Beyond Meat, Inc. (BYND) Key Evaluation:
Beyond Meat, Inc. (BYND) is a mid cap company with a market cap value of $7.5B. BYND insiders hold roughly 19.49% of the shares.
On Jan-15-20 Bernstein Downgrade BYND as Outperform → Mkt Perform at $106. On Jan-23-20 Jefferies Resumed BYND as Hold at $115 → $130 and on Jan-28-20 JP Morgan Downgrade BYND as Overweight → Neutral at $138 → $134.
There are currently 49.53M shares in the float and 59.12M shares outstanding. There are 23.90% shares short in BYNDs float.
The industry rank for Beyond Meat, Inc. (BYND) is 180 out of 255 ranking it at the Bottom 29% .
Beyond Meat, Inc. (BYND) Key Fundamentals:
BYND last 2 years revenues have decreased from $87,934 to $230,932 showing a downtrend.
Wall Street expects Beyond Meat, Inc. (BYND) to report an EPS next Qtr profit of 0.01 and a profit of 333.30% next year.
BYNDs next year’s growth rate is 300.00 compared to an industry 12.40.
The book value per share (mrq) is 6.24 and cash per share (mrq) is 5.29. Giving them a price/book (mrq) of 19.12 compared to an industry of 2.71.
BYND fundamental ratios shows an EPS growth vs. previous year -0.20.
About Beyond Meat, Inc. (BYND):
Beyond Meat Inc. is a food company. It manufactures, markets and sells plant-based meat products primarily in the United States and internationally. The company sells its products under the Beyond Beef, Beyond Chicken, The Beyond Burger, Beyond Meat, Beyond Sausage, Eat What You Love and The Cookout Classic brand names. Beyond Meat Inc. is based in El Segundo, California.