Beyond Meat, Inc. Common Stock | BYND

Daily Technical Analysis of Beyond Meat, Inc. Common Stock

Wow, investors are pouring money into BYND today, it's up by 12.15 percent. The outlook is pretty good in terms of the future earning power of the company as well as the prospects for the industry.

Currently BYND isn't at a clear support/resistance line that seems tradable. But we can consider it's momentum, Beyond Meat has seen a lot of selling over the last year which hasn't let up, this thing has really been sliding. People who bought the asset have lost -63.93 percent over the last 12 months, not great! I would wait until it get to a better support level before rolling the dice on this one. BYND might find some support at the 3.37 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

The analysts are pretty neutral on Beyond Meat right now, so not much useful information here. The current Analysts Sentiment Score is -0.36. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Mizuho announced a lowering of their price target to $6.00 from $7.00 on 2024-04-22. TD Cowen announced a lowering of their price target to $6.00 from $10.00 on 2024-04-17. Argus upgraded from Sell to Hold on 2024-02-29. BMO Capital Markets provided a price target boost of 42.86% to $10.00 from $7.00 on 2024-02-28. Consumer Edge released a downgrade on 2023-11-13 from Equal Weight to Underweight and added a price target of $5.00. On 2023-11-02 Barclays lowered their price target by -44.44% to $5.00. Piper Sandler announced a lowering of their price target to $3.00 from $6.00 on 2023-09-22.

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.