Beyond Meat (BYND, $150.68) gets rating downgrade from JP Morgan, on lofty valuation concerns
Beyond Meat, maker of plant-based meat substitute, got a rating downgrade from analysts at JPMorgan, as the latter expressed concerns that the fundamentals are not supporting the stock’s rally.
JPMorgan analysts Ken Goldman lowered his rating on the Beyond Meat shares to 'underweight' from 'neutral', with a price target of $122 per share.
Over the past six months, Beyond Meat shares have rallied by more than +190% - something that Goldman feels was "above and beyond” what they consider rational “even for a good company like Beyond Meat". According to the analyst, fundamentals are "sluggish” for the food group. He also cited strong competition from rivals such as Impossible Foods, and the apprehension among some restaurants to add its products to menus amid the coronavirus pandemic.
Tickeron's analysis shows:
BYND is in upward trend: price rose above 50-day moving average on September 08, 2020
BYND moved above its 50-day Moving Average on September 08, 2020 date and that indicates a change from a downward trend to an upward trend. In 3 of 3 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 90%.
Current price $150.68 crossed the resistance line at $151.94 and is trading between $151.94 resistance and $143.00 resistance lines. Throughout the month of 08/17/20 - 09/17/20, the price experienced a +25% Uptrend. During the week of 09/10/20 - 09/17/20, the stock enjoyed a +10% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 08, 2020. You may want to consider a long position or call options on BYND as a result. In 15 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 75%.
The Moving Average Convergence Divergence (MACD) for BYND just turned positive on August 20, 2020. Looking at past instances where BYND's MACD turned positive, the stock continued to rise in 4 of 7 cases over the following month. The odds of a continued upward trend are 57%.
The 10-day Moving Average for BYND crossed bullishly above the 50-day moving average on September 09, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. In 2 of 2 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 90%.
Following a +7.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where BYND advanced for three days, in 67 of 84 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
BYND broke above its upper Bollinger Band on September 16, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for BYND entered a downward trend on September 09, 2020. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 78%. During the last month, the daily ratio of advancing to declining volumes was 3.93 to 1.
The Tickeron Price Growth Rating for this company is 37 (best 1 - 100 worst), indicating steady price growth. BYND’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 85 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 97 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BYND's P/B Ratio (25.17) is very high in comparison to the industry average of (4.14). BYND has a moderately low P/E Ratio (0.00) as compared to the industry average of (27.10). BYND's Projected Growth (PEG Ratio) (0.00) is slightly lower than the industry average of (0.94). Dividend Yield (0.00) settles around the average of (2.24) among similar stocks. BYND's P/S Ratio (21.95) is very high in comparison to the industry average of (2.92).
The Tickeron PE Growth Rating for this company is 100 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BYND’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
BYND in upward trend: price expected to rise as it breaks its lower Bollinger Band on May 11, 2023
BYND may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 33 cases where BYND's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BYND's RSI Oscillator exited the oversold zone, of 38 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 50 cases where BYND's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for BYND just turned positive on May 23, 2023. Looking at past instances where BYND's MACD turned positive, the stock continued to rise in of 32 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BYND advanced for three days, in of 220 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on June 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BYND as a result. In of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BYND declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BYND entered a downward trend on May 23, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. BYND’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BYND's P/B Ratio (59.524) is slightly higher than the industry average of (10.035). P/E Ratio (0.000) is within average values for comparable stocks, (34.838). BYND's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (2.662). Dividend Yield (0.000) settles around the average of (0.056) among similar stocks. P/S Ratio (1.708) is also within normal values, averaging (29.349).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BYND’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company, which offers plant-based meat products
Industry FoodSpecialtyCandy
BYND and
Correlation & Price change
A.I.dvisor indicates that over the last year, BYND has been loosely correlated with HAIN. These tickers have moved in lockstep 46% of the time. This A.I.-generated data suggests there is some statistical probability that if BYND jumps, then HAIN could also see price increases.
| Ticker / NAME | Correlation To BYND | 1D Price Change % | ||
|---|---|---|---|---|
| BYND | 100% | -2.80% | ||
| HAIN - BYND | 46% Loosely correlated | +0.66% | ||
| TTCF - BYND | 39% Loosely correlated | +3.01% | ||
| FRPT - BYND | 38% Loosely correlated | +1.83% | ||
| NOMD - BYND | 36% Loosely correlated | -1.37% | ||
| UTZ - BYND | 36% Loosely correlated | +3.73% | ||
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