According to the data, the short interest in Beyond Meat Inc. The data on short interest also indicates that stock shorts accounted for 23.9 million shares as on Jun 29, 2023, resulting in a short ratio of 6.98. Nearly 1.30% of Beyond Meat Inc.’s shares belong to company insiders and institutional investors own 43.20% of the company’s shares. According to company’s latest data on outstanding shares, there are 64.00 million shares outstanding. (NASDAQ:BYND) indicates that the trading volumes over the past 10 days have averaged 3.47 million and over the past 3 months, they’ve averaged 3.38 million. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Buy.ĭata on historical trading for Beyond Meat Inc. We see that BYND’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. Revisions could be a useful indicator to get insight on short-term price movement so for the company, there were no upward and no downward review(s) in last seven days. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $388.04 million, representing a decrease of -7.40% from the revenues reported in the last year’s results. According to the average forecast, sales growth in current quarter could jump down -26.00%, compared to the corresponding quarter of last year. Data indicates that the EPS growth is expected to be 44.20% in 2024, while the next year’s EPS growth is forecast to be 22.10%.Īnalysts have estimated the company’s revenue for the quarter at $108.74 million, with a low estimate of $103.56 million and a high estimate of $125 million. Analysts are projecting the company’s earnings per share (EPS) to be -$0.86, which is expected to increase to -$0.6 for fiscal year -$3.21 and then to about -$2.5 by fiscal year 2024. Here are five of the best ways to profit from the AI boom.Īs a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. And investors like you always want to get in on the hottest stocks of tomorrow. And it's about to change everything we know about everything.Īccording to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. The artificial intelligence (AI) revolution is already here.
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