The market has been neutral on Beyond Meat Inc (BYND) stock recently. BYND gets a Neutral score from InvestorsObserver Stock Sentiment Indicator.
Beyond Meat Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on BYND!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With BYND Stock Today?
Beyond Meat Inc (BYND) stock is trading at $25.61 as of 2:21 PM on Wednesday, May 18, a decline of -$1.35, or -5.01% from the previous closing price of $26.96. The stock has traded between $25.13 and $27.68 so far today. Volume today is low. So far 1,850,865 shares have traded compared to average volume of 4,010,892 shares.
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More About Beyond Meat Inc
Beyond Meat is a provider of plant-based meats, such as burgers, sausage, ground beef, and chicken. Unlike other vegetarian products, Beyond Meat seeks to replicate the look, cook, and taste of meat, is targeted to omnivores and vegetarians alike, and is sold in the meat case. The products are widely available across the U.S. and Canada and in 83 additional countries as well. International revenue represented 31% of 2021 sales. The firm's products are available in retail stores and the food-service channel. In 2019, before the pandemic struck, sales were evenly split between these two channels, although mix changed to 74% retail/26% food service in 2020. We think the recovery from the crisis and new deals with McDonald's and Yum Brands will return food-service sales to 50% in time.
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