PROs:
Earnings are forecast to grow 55% per year
Revenue grew by 240% over the past year
40% 7 Day Return (last)
BYND Is forecast to become profitable over the next 3 years
BYND’s revenue (26%) is forecast to grow faster than the US market (7.5% per year)
BYND’s debt to equity ratio (8%) is satisfactory
BYND has sufficient cash runway for more than 3 years
Positive news for BYND amid COVID
Analysts recommend a ‘HOLD’ for BYND
CONs:
Highly volatile share price over the past 3 months
BYND’s share price is overvalued ($108) compared to its Fair Value ($50)
BYND is unprofitable
BYND’s Return on Equity is expected to be low in 3 years time
BYND does not pay a dividend
BYND Insiders have been selling more shares than they have bought over the past 3 months
Analysts are neutral on BYND, with some Investment banks downgrading
Report:
Beyond Meat (BYND) has knifed through trend line resistance and 200 sma on the Daily time frame, and is now trying to push through this strong resistance zone (C). Just up ahead is the all-important 38.2% Fibonacci retracement level taken from the highs of July 2019 (A) and the lows of March this year when it finally bottomed out at sloping trend line support (B)
Bottomcatcher’s Opinion: There is not a whole lot of data out there on this company as it only recently went public, and so we can only work with what we have. Paying attention more so on the Technical outlook, we need to break, close, and hold above the 38.2% Fib line (1) which comes in at 120.50 before we can consider going long for a medium-term holding period. For a longer-term outlook (holding period), above February's 2020 high (128.54) would be considered a safer option to go long.
Note: Levels are subject to change over time.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.