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Stock Charts AI Power Rank: 1.8
Power Rank trend -> Falling
09/06/2024 16:25:00 EST
Beyond Meat Inc (BYND)
Industry: Packaged Foods
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, BYND has been trading in a range between $6.74 and $5.62 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Red zone currently. We would avoid this stock.
Upside / Downside Potential
Beyond Meat Inc $BYND entered a Red zone 160 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $8.93, a potential upside of 50.84% from the recent price of 5.92. The stock is trading 104.73% (potential upside) below its 52 week high of $12.12 and 15.4 % (potential downside) above its 52 week low of $5.13 - based on the recent price.
Company Summary
Beyond Meat, Inc, a plant-based meat company, develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry.
News
| Why Beyond Meat can still grow despite tough market Beyond Meat (BYND) CEO Ethan Brown joins Yahoo Finance Executive Editor Brian Sozzi to discuss the company's growth since its IPO in May 2019 and some of its new product offerings. Brown notes that in the five years since Beyond Meat's IPO, the company has seen both "tremendous growth" and a "contraction" in the market, yet still continues to lead the industry: "There's an enormous disruption in the sense of this is going to be something that displaces animal protein. Source: Yahoo Finance Wed, 04 Sep 2024 21:04:11 -0400 Sentiment: Positive |
| Beyond Meat to launch new steak alternative as it focuses on health Beyond Meat plans to launch a whole-muscle steak alternative that mimics the taste and texture of a filet. The plant-based meat company announced a turnaround plan earlier this year and is hoping to revive sales. Source: CNBC Wed, 04 Sep 2024 15:55:20 -0400 Sentiment: Positive |
| Analyst: Why Beyond Meat is a stock to avoid In the latest edition of Good Buy or Goodbye, host Josh Lipton welcomes Mizuho managing director and senior consumer equity research analyst John Baumgartner to discuss the best investing strategies when assessing health conscious consumers. Baumgartner names BellRing Brands (BRBR) as a stock to buy for investors, noting the company is a "leader in the US ready-to-drink protein shake category. Source: Yahoo Finance Fri, 30 Aug 2024 18:42:08 -0400 Sentiment: Negative |
| Is Beyond Meat Stock Beyond Repair? After the product attracted widespread interest, consumers and restaurants now buy less plant-based meat. Amid ongoing losses, it is not well positioned to issue more shares or take on new debt. Source: The Motley Fool Fri, 23 Aug 2024 11:13:00 -0400 Sentiment: Positive |
| Can Increased Prices Snap Beyond Meat Stock From Its Long Standing Downtrend? After almost a 28% decline this year, at the current price of around $6 per share, we believe Beyond Meat stock (NASDAQ: BYND), a plant-based meat alternative - is fairly priced. BYND stock has dropped from around $9 to $6 year-to-date, largely underperforming the broader indices, with the S&P growing about 17% over the same period. Source: Forbes Fri, 23 Aug 2024 10:00:58 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 12.1199 52 Week Low: 5.13 Beta: 2.256 50 Day MA: 6.3002 200 Day MA: 7.2924 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0 Qtr Revenue Growth YOY: -0.088 Forward PE: 5000 Trailing PE: 0