$Beyond Meat, Inc.(BYND)$ π₯©π₯©π₯©π₯©π₯
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ππ₯©ππ₯© $BYND: Setting Up for a Meaty Turn! ππ₯©π
Kia ora Tiger traders!
Iβve opened positions in the open market at $4.88, and BYND (23Nov24, π³πΏNZ Time) is setting up for a juicy turn. The chart is sizzling with a fast-spike scenario, aiming for a target of $7. But hereβs the beef~when this stock spikes, itβll be faster than a grill at a summer BBQ, and just as fleeting ππ₯.
This is the ultimate watch the spike and sell quickly play. Stay sharp, Tigers! Donβt get caught chewing on this one too long~itβs all about taking a bite of the profits and moving on π₯©β³.
BYNDβs pattern analysis is clear: when the move happens, slice your gains and serve them fresh. Donβt let the bears sink their teeth into your winnings π». Stay focused, keep your tools sharp, and make your move when the grill is hot!
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerObserver @TigerPM @TigerPicks @TigerStars @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Beyond Meat, Inc. (BYND) Stock Analysis
Business and Industry Overview: Beyond Meat, Inc. is a company in the plant-based meat substitute market. They provide a broad range of plant-based meat products that aim to replicate the taste and texture of traditional meat. The plant-based food industry has seen significant growth in recent years due to increasing consumer interest in healthier and more sustainable dietary options. Beyond Meat is well-positioned to benefit from this trend.
Earnings and Forecast: The earnings forecast for Beyond Meat is as follows:
2024FY: Estimated EPS of -2.06 USD, forecasted gross income of 325.87 million USD, and estimated EBIT of -136.50 million USD.
2025FY: Estimated EPS of -1.44 USD, forecasted gross income of 336.91 million USD, and estimated EBIT of -96.77 million USD.
2026FY: Estimated EPS of -1.14 USD, forecasted gross income of 355.28 million USD, and estimated EBIT of -82.15 million USD.
Analyst Recommendation: According to analysts, there are 7 hold recommendations and 6 underperform recommendations for Beyond Meat.
Analyst Target Price: The mean, low, and high target price estimates given by 7 analysts are as follows:
Mean Target Price: 5.43 USD
Low Target Price: 3.00 USD
High Target Price: 7.00 USD
Capital Flow Data: Over the past 5 days, the capital flow data for Beyond Meat is as follows:
11/15: -0.89 million units (outflow)
11/18: -832.8 thousand units (outflow)
11/19: -209.19 thousand units (outflow)
11/20: -147.13 thousand units (outflow)
11/21: 348.57 thousand units (inflow)
Support and Resistance Price: The support price on 11/21 was 5.01 USD, and the resistance price was 6.21 USD.
Profiteer Ratio: The profiteer ratio on 11/21 was 0.5785.
Stock Price: As of 11/23, the stock price of Beyond Meat, Inc. is 4.88 USD.
Earnings Results: The earnings results for the latest quarter (2024Q3) are as follows:
EPS: -0.41 USD
Return on Equity (ROE): N/A
Gross Profit Margin: 17.66%
Quick Ratio: 1.81
Current Ratio: 3.43
Total Asset Turnover: 0.46
Inventory Turnover: 2.18
Return on Investment: -12.42%
Operating Cash Flow to Current Liabilities Ratio: -1.02
Fixed Asset Turnover: 1.03
Accounts Receivable Turnover Ratio: 9.37
Net Assets per Share: -9.39 USD
Total Liabilities to Total Assets Ratio: 200.05%
Return on Total Assets: -3.28%
Net Profit Margin: -32.81%
Investment Recommendation:Based on the analysis, please note that the provided information is for reference purposes only and should not be considered as investment advice. It is important to consider the inherent risks in the stock market and the normal fluctuations in stock prices. It is recommended to conduct thorough research, analyze market trends, and consult with a professional financial advisor before making any investment decisions.
Looks π₯© meaty BC!
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