The price of Beyond Meat, Inc. (NASDAQ:BYND) stock ended December 23, 2019 trading at $77.74 which saw downtrend of 18.24% since the beginning of 2019. For most investors, the 1.17% rally in the share price could have prompted them to buy the stock, but doing that would be a mistake as it would be taking into consideration only the short-term performance of the stock.
Moving on, Beyond Meat, Inc. (BYND) last released its earnings for the September 2019 quarter of the fiscal year. The company performed lower over the past three months, with its earnings down -104% year-over-year at $0.06. The company brought a surprise of 20 as analysts were predicting $0.05 per share. The revenue generated by Beyond Meat, Inc. in the September 2019 quarter surged by 250% to reach $91.96 million. This is high compared to the $26.28 million it recorded in the same quarter last year. To see what traders should watch in its December 2019 financial results, analysts have consensus earnings per share of $0 which is lower than the recorded in the same quarter a year ago. Over the next 12 months, the earnings per share are expected to move by 311.1%. If it achieves that, then the company firmly believes that its long-term annual earnings growth rate target set at 0 % could be achieved. The company has also recorded a revenue of $230.9 million over the past 12 months.
In order to determine if the stock is worthy of your patience, you should know that Beyond Meat, Inc. (NASDAQ:BYND) is now trading at 0X the earnings per share recorded over the past 12 months. This is a downtrend compared to the readings of the sector which is 30.24X while the industry average stands at 25.71X. The most popular way to value a stock is to look at its historic Price-to-Earnings (P/E) ratio with the help of its earnings report over the past 12 months. Beyond Meat, Inc. was able to achieve an EPS of $-0.42 during the last four quarters. The P/E ratio is widely known due to the fact that it is widely used, simple, effective, and, tautologically.
On Monday, December 23 of 2019, the 14-day Absolute ATR (Average True Range) for BYND moved by $3.01. Over the past seven days, the stock’s average daily volatility stood at 3.58%. A stock with a low volatility is usually a good one as it means that investors are very confident in the stock. Beyond Meat, Inc.’s trading volume has recently moved to 2.84 million, which is compared with the average daily volume of 4.32 million shares.
The daily chart for BYND, points out that the company has recorded -48.38% losses over the past six months. However, it is still 72.76% higher than its most recent low trading price. The performance of the stock over the past five days shows that it is up 5.62% though it is 1.35% above its three-week moving average. It is worthy to know that price action is not always clear. There are times when a stock will undergo some negatives, trade erratically within some range or even act very unpredictable. When that happens, then making use of moving averages makes the pattern clearer for traders. Comparing to 50-day SMA, the price of the stock has dropped by -10.33% while it is down -38.46% against the 200-day SMA. This is usually seen as the last support line for a stock, as a move downward could signal a bearish trend or market. The daily chart of BYND reveals that it has lost some grounds as it ended Monday with a -1.12% fall over the past 30 days.