Beyond Meat, Inc. (NASDAQ:BYND) shares are trading higher Monday on above-average trading volume. Here's a look at what's going on.
What To Know:
Last Thursday, Beyond Meat announced the expansion of its Beyond IV product line with the roll out of its fourth generation Beyond Sausageat grocery stores nationwide. The Beyond IV product line features 75% less saturated fat and 20% less salt than traditional beef, according to the company.
Analyst Faizan Farooque sees a potential short-squeeze brewing in Beyond Meat shares as the company prioritizes its Beyond IV line and cuts its 2024 budget by $70 million as part of its SKU rationalization process.
The stock has fallen 25% year-to-date and 38.88% of available Beyond Meat shares are being sold short, according to data from Benzinga Pro.
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Will BYND Stock Go Up?
When trying to assess whether or not Beyond Meat will trade higher from current levels, it's a good idea to take a look at analyst forecasts.
Wall Street analysts have an average 12-month price target of $6.3 on Beyond Meat. The Street high target is currently at $9 and the Street low target is $3.50. Of all the analysts covering Beyond Meat, no one has positive ratings, 2 have neutral ratings and 3 have negative ratings.
In the last month, no analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Beyond Meat have performed in recent history.
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Beyond Meat is down 25% year-to-date. The average analyst price target suggests the stock could have further downside ahead.
For a broad overview of everything you need to know about Beyond Meat, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.
BYND Price Action: According to Benzinga Pro, Beyond Meat shares are down 1.79% at $13.16 at the time of publication Monday.
Image: Courtesy of Beyond Meat, Inc.
由於交易量高於平均水平，Beyond Meat, Inc.（納斯達克股票代碼：BYND）股價週一上漲。以下是正在發生的事情。
要知道什麼：
上週四，Beyond Meat宣佈擴大其Beyond IV產品線，推出第四代Beyond Sausage在全國的雜貨店。據該公司稱，Beyond IV產品系列的飽和脂肪比傳統牛肉少75％，鹽分減少20％。
分析師法贊·法魯克認爲，Beyond Meat的股票可能會出現空頭擠壓，因爲該公司優先考慮其Beyond IV產品線，並將2024年的預算削減了7,000萬美元，這是其SKU合理化過程的一部分。
根據Benzinga Pro的數據，該股今年迄今已下跌25％，Beyond Meat的38.88％的可用股票被賣空。
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BYND 股票會上漲嗎？
在嘗試評估Beyond Meat的交易價格是否會從當前水平上漲時，最好看一下分析師的預測。
華爾街分析師將Beyond Meat的12個月平均目標股價定爲6.3美元。華爾街最高價目標目前爲9美元，華爾街低點目標爲3.50美元。在報道Beyond Meat的所有分析師中，沒有人的評級爲正面，2位的評級爲中性，3位的評級爲負面。
上個月，沒有分析師調整目標股價。以下是最近的目標股價變化 [分析師評級]。本辛加還追蹤華爾街最準確的分析師。看看報道Beyond Meat的分析師在近代歷史上的表現。
股票不會沿直線移動。平均股市回報率約爲每年10％。Beyond Meat 今年迄今已下跌25％。分析師的平均目標股價表明，該股未來可能會進一步下跌。
要全面了解您需要了解的有關 Beyond Meat 的所有信息，請訪問此處。如果你想超越自我，沒有比 Benzinga Pro 更好的工具可以幫助你做到這一點。立即開始免費試用。
BYND價格走勢：根據Benzinga Pro的數據，週一發佈時，Beyond Meat的股價下跌了1.79％，至13.16美元。
圖片：由 Beyond Meat, Inc. 提供
