Beyond Meat, Inc. Common Stock | BYND

Daily Technical Analysis of Beyond Meat, Inc. Common Stock

There wasn't too much excitement in Beyond Meat today which only managed to move up 0.89% on the day. It looks like BYND may be interacting with a downward sloping resistance line. This may be an opportunity to short sell. The Consumer Packaged Goods company has been chopping around the last few months without a clear directional momentum. So it might bounce off here, but hard to say.

If the price breaks through the resistance level it will probably move up to the $19.55 level where it may meet further resistance. We aren't seeing very clear support levels down beneath this point, so it might have room to gap down lower if price is rejected from here.

Analyst Ratings for Beyond Meat By Price Target And Rating

Overall, the analysts have a more negative view on Beyond Meat but it's not a very strong negative. The current Analysts Sentiment Score is -47.87. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Credit Suisse Group reiterated a rating of Underperform on 2023-02-27 and provided a price target of $10.00. Mizuho gave a boost to their price target and moved to $20.00 from $11.00 on 2023-02-24. Sanford C. Bernstein boosted their price targ by 80% to $18.00 on 2023-02-24. Argus downgraded from Hold to Sell on 2022-12-09. Barclays downgraded from Equal Weight to Underweight on 2022-11-28 and they lowered their price target by -23.08% to $10.00 from a previous target of $13.00. BMO Capital Markets provided a price target decease of -30% to $14.00 from $20.00 on 2022-11-10. On 2022-10-17 Citigroup increased their price target by 7.14% to $15.00. Cowen dropped their 1 year price target to 15.00 on 2022-10-13. On 2022-10-12 Canaccord Genuity Group lowered their price target by -31.82% to $15.00. Piper Sandler announced a lowering of their price target to $8.00 from $9.00 on 2022-09-21.

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.