Beyond Meat stock: buy or sell

BYND stock price: $140.10 -1.66% At close on Jan 15th, 2021

Updated on:
Jan 18th, 2021

1

Beyond Meat stock brief

  • Beyond Meat stock went down -1.66% to close at $140.10 on the stock market last Friday, and broke a streak of 3 sessions in green.
  • 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?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

In the current situation of Beyond Meat there is not any eligible buy setup. This doesn't mean we expect a selloff for $BYND in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Beyond Meat stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies prevent us from making impulsive decisions based on our emotions or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very simple to follow and are only valid for selling shares you already own, not for selling short Beyond Meat stock

A guiding principle is that you should not keep a trade that leads to higher than expected losses at the time of the buy. When 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 analyst rating was published for Beyond Meat

Beyond Meat analysts' ratings - Last month
Brokerage firmRating
Jan 5th, 2021
Piper Sandler BuyNeutral

Beyond Meat stock analysis

SMAs overview

BYND stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $142.51 (1.72% above)
  • R2: $144.78 (3.34% above)
  • R3: $147.25 (5.10% above)
  • The current supports are:

  • S1: $125.00 (-10.78% below)
  • S2: $120.55 (-13.95% below)
  • S3: $120.32 (-14.12% below)
  • Bollinger bands

    Since the price broke down the lower band on January 6, the price bounced by 19.38%

    BYND stock Bollinger Bands chart

    Relative strength index

    The RSI broke out the oversold level of 30 last Tuesday after just being in the oversold zone for just one day (what can be considered a strength signal). The RSI reading last Friday was 58.73. Beyond Meat stock skyrocketed a 20.11% since then

    BYND stock RSI chart

    Beyond Meat stock price history

    Beyond Meat went public priced at an adjusted price1 of $46.00 on May 2019. Since then, BYND stock has risen by 204.57%, with an average of 204.57% per year. An investment of thousand dollars on the IPO would have a value of $3,045.65 today.

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

    BYND stock price history chart

    Price target for Beyond Meat stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, financial institutions post their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental data by the company, and many times. If you are a small trader you shouldn't buy or sell based on these forecasts.

    We don't have any target price published in the previous 30 days for Beyond Meat.

    Beyond Meat stock price predictions
    Brokerage firmPrice target
    Jan 5th, 2021
    Piper Sandler Not available

    Earnings and financials

    Beyond Meat, Inc. ($BYND) published earnings of $-0.28 per share last November, seriuosly failing to match the analysts consensus estimate of $0.05 per share. This quarterly report represents an earnings surprise of -660.00%. Sales resulted of $94.4 million in contrast to $132.2 million estimated by analysts.

    Same quarter last year, reported EPS was $0.06, so recently posted EPS is a decrease of -566.67%. Looking at revenue, figures barely moved compared to $919.6M same quarter a year ago.

    Beyond Meat ($BYND) is hosting the earnings call late next February. Forecasted for this quarter is $-0.12, compared to $-0.28 that was reported for Q3.

    Beyond Meat performance

    BYND performance compared
    Company1m3m6m
    Beyond Meat ($BYND) 1.40% -25.10% 9.20%

    Important:
    The viewpoints written in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the individual circumstances of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for informational reasons only

    Beyond Meat summary

    Friday, January 15th, 2021
    Open$138.75
    Close$140.1
    Day range$135.83 - $143.8
    Previous close$142.47
    Session gain-1.66%
    Average true range$8.70
    50d mov avg$134.87
    100d mov avg$146.24
    200d mov avg$134.83
    Earnings dateFebruary 25th, 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 30 days Read the article to get additional tips on trading BYND stock.

    Will BYND go up?

    There were no predictions posted by market analysts in the last month for Beyond Meat.

    Latest Beyond Meat news