Shares of Beyond Meat moved 2.7% today, and are now trading at a price of $14.02. In contrast, the S&P 500 index saw a -1.1% change and the Dow Industrial Average posted a -1.8% performance. Today's trading volume was 2,108,210 compared to the stock's average volume of 3,392,979.
Beyond Meat, Inc. manufactures, markets, and sells plant-based meat products in the United States and internationally. Based in El Segundo, United States, the company has 1,108 full time employees and a market cap of $892,302,848.
The company is now trading -34.72% away from its average analyst target price of $21.47 per share. The 15 analysts following the stock have set target prices ranging from $8 to $45, and on average give Beyond Meat, a rating of hold.
Over the last year, BYND shares have gone down by -87.0%, which represents a difference of -70.0% when compared to the S&P 500. The stock's 52 week high is $109.95 per share and its 52 week low is $12.76. With its gross margins declining an average -2.7% over the last four years, Beyond Meat may not have a strong enough business to reverse this trend.
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