Beyond Meat stock: buy or sell

BYND stock price: $133.95 1.88% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Beyond Meat stock brief

  • Beyond Meat closed on Wednesday at $133.95 after climbing a 1.88%.
  • Looking at the chart, price is drawing an scaled downtrend since last January with lower tops and lower bottoms. shares price lost a -39.39% since the downtrend started.
  • Beyond Meat, Inc., a food company, manufactures, markets, and sells plant-based meat products in the United States and internationally.

Should I buy Beyond Meat stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $BYND stock a buy?

Currently, Beyond Meat stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $BYND will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Beyond Meat stock?

"To sell or not to sell", if you are holding Beyond Meat shares?. Just as when we have to buy shares, determining when is the best time to sell is not a whimsy decision, and we must follow our own trading style. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for shorting Beyond Meat stock

As a golden rule, you should not mantain an operation that generates higher than expected losses upon the buy. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Beyond Meat stock?

In the current situation of Beyond Meat there is not any eligible sell setup, so Beyond Meat stock holders with operations in profit can keep their positions

Beyond Meat ratings

In the last 30 days, just one brokerage rating was published for Beyond Meat

Beyond Meat analysts' ratings - Last month
Brokerage firmRating
Mar 24th, 2021
Stephens Buy

Beyond Meat stock analysis

From a technical standpoint, Beyond Meat continues trending lower since last January, and has droppped a -39.39%. The stock drew 2 consecutive lower tops.

SMAs overview

BYND stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $142.51 (6.39% above)
  • R2: $147.25 (9.93% above)
  • R3: $147.55 (10.15% above)
  • The current support levels are:

  • S1: $125.87 (-6.03% below)
  • S2: $125.00 (-6.68% below)
  • S3: $123.50 (-7.80% below)
  • Bollinger bands

    BYND stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for many weeks, and therefore, without this indicator really being helpful in making any decisions.

    BYND stock RSI chart

    Beyond Meat stock price history

    Beyond Meat started trading priced at an adjusted price1 of $46.00 on May 2019. Since then, BYND stock surged by 191.20%, with an average of 191.20% per year. An investment of thousand dollars on May 2019 would be valued $2,911.96 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    BYND stock price history chart

    Price target for Beyond Meat stock

    Nobody knows how much a share will be priced tomorrow. Banks and financial organisations post their analysis forecasting how a stock will performance in the future.

    The following table shows the price predictions released by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for small investors and must not be trusted blindly.

    There is just one price target available for Beyond Meat that predicts a price of $190.00.

    Beyond Meat stock price predictions
    Brokerage firmPrice target
    Mar 24th, 2021
    Stephens $190.00

    Earnings and financials

    Beyond Meat ($BYND) hosted the quarterly shareholders event and presented the report last February. Beyond Meat missed Wall St estimates and posted of $-0.34, that is a -161.54% less than the initial estimates of $-0.13. However, reported sales of $101.9 million were in line with Wall St. forecasts.

    Same quarter one year ago, reported EPS was $-0.01, so recently posted EPS is a reduction of -3,300.00%. Revenue scarcely changed on an annualized basis in the , from $984.8M to $1.0B last quarter.

    Beyond Meat ($BYND) posts financial report next Tuesday. Wall Street predicts of $-0.19, compared to previous quarter that was $-0.34.

    Beyond Meat performance

    BYND performance compared
    Company1m3m6m
    Beyond Meat ($BYND) -4.30% -1.60% -27.60%

    Disclaimer:
    The viewpoints published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the specific situations of the reader, his or her financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives only

    Beyond Meat summary

    Wednesday, April 21st, 2021
    Open$131.45
    Close$133.95
    Day range$129.94 - $134.09
    Previous close$131.48
    Session gain1.88%
    Average true range$5.94
    50d mov avg$142.54
    100d mov avg$142.76
    200d mov avg$143.73
    Earnings dateMay 4th, 2021

    Frequently asked questions

    What is Beyond Meat stock symbol?

    Beyond Meat, Inc. is a public company trading in the US stock market with the BYND symbol

    Is Beyond Meat stock a buy or sell?

    Beyond Meat had one rating in the last four weeks Read the article to get additional tips on trading BYND stock.

    Will BYND go up?

    Beyond Meat had different price predictions posted by analysts in the last 4 weeks setting the target price to $190.00. That is a 41.84% than the current price ($133.95).

    Latest Beyond Meat news