Beyond Meat Inc (BYND) stock is lower by 13.74% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Beyond Meat Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BYND!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish.
InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion.
For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.
What's Happening With BYND Stock Today?
Beyond Meat Inc (BYND) stock is trading at $31.65 as of 9:38 AM on Friday, Aug 19, a decline of -$1.57, or -4.73% from the previous closing price of $33.22. The stock has traded between $31.64 and $32.49 so far today. Volume today is light. So far 26,879 shares have traded compared to average volume of 3,064,402 shares.
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 stood at 70% retail/30% food service in 2021. 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.
Click Here to get the full Stock Report for Beyond Meat Inc stock.