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OFFON

BEYOND MEAT, INC.

(BYND)
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Beyond Meat, Inc. : The decline is still in force

03/19/2021 | 04:44am EDT
short sell
Target price hit
Entry price : 135.59$ | Target : 103.1$ | Stop-loss : 152.6$ | Potential : 23.96%
The movement to the downside is still in force and should gain in strength over the next trading sessions based on our expectations.
Investors should open a short trade and target the $ 103.1.
Beyond Meat, Inc. : Beyond Meat, Inc. : The decline is still in force
Summary
  • In view of fundamental criteria, the company is among low performers as far as mid or long-term investment strategy is concerned.
  • The company has poor fundamentals for a short-term investment strategy.

Strengths
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • According to sales estimates from analysts polled by Standard & Poor's, the company is among the best with regard to growth.

Weaknesses
  • Low profitability weakens the company.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • The company's earnings releases usually do not meet expectations.
  • The company's "enterprise value to sales" ratio is among the highest in the world.
  • The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • Analysts covering the stock have recently lowered their earnings forecast.
  • For the last twelve months, the analysts covering the company have given a bearish overview of EPS estimates, resulting in frequent downward revisions.
  • For the past year, analysts have significantly revised downwards their profit estimates.
  • The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

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Financials (USD)
Sales 2021 566 M - -
Net income 2021 -61,8 M - -
Net Debt 2021 91,4 M - -
P/E ratio 2021 -144x
Yield 2021 -
Capitalization 7 855 M 7 855 M -
EV / Sales 2021 14,0x
EV / Sales 2022 9,47x
Nbr of Employees 700
Free-Float 89,1%
Upcoming event on BEYOND MEAT, INC.
08/05/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 124,56 $
Average target price 122,79 $
Spread / Average Target -1,42%
EPS Revisions
Managers and Directors
Ethan Walden Brown President, Chief Executive Officer & Director
Philip E Hardin Chief Financial Officer
Seth Goldman Chairman
Sanjay C. Shah Chief Operating Officer
Raymond J. Lane Lead Independent Director
Sector and Competitors