Beyond Meat, Inc. Common Stock | BYND

Daily Technical Analysis of Beyond Meat, Inc. Common Stock

Beyond Meat dropped to day and moved down -3.04%

Currently BYND isn't at a clear support/resistance line that seems tradable. Beyond Meat hasn't established a very strong momentum in either direction over the last 3 months. We'll see if a stronger consensus among market participants emerges. BYND might find some support at the 11.95 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Beyond Meat By Price Target And Rating

Analysts are currently taking a negative view on their future outlook for Beyond Meat. It's not really bad but definitely not good. The current Analysts Sentiment Score is -79.37. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. TD Cowen initiated a rating of Underperform on 2023-09-13 and added a price target of $10.00. BMO Capital Markets provided a price target drop to 14.0013.00 on 2023-08-08. On 2023-06-01 Barclays decreased their price target to 10.009.00. Mizuho dropped their 1 year price target to 20.0012.00 on 2023-05-12. Credit Suisse Group reiterated a rating of Underperform on 2023-02-27 and provided a price target of $10.00. Sanford C. Bernstein boosted their price target to 10.0018.00 on 2023-02-24. Argus downgraded the stock of Hold ➝ Sell on 2022-12-09. On 2022-10-17 Citigroup increased their price target to 14.0015.00. Cowen dropped their 1 year price target to 15.00 on 2022-10-13. On 2022-10-12 Canaccord Genuity Group decreased their price target to 22.0015.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Beyond Meat

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Beyond Meat

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.