Beyond Meat (BYND, $165.95) distribution to be tripled at Walmart

Plant-based meat substitute maker Beyond Meat   said it reached an agreement with Walmart   to expand its distribution.

Walmart will triple the availability of the Beyond Meat burger to around 2,400 U.S. locations starting next week, according to Beyond Meat’s statement.

The agreement follows plans to sell the group's frozen breakfast sausage patties at around 5,000 stores around the U.S, including Walmart, Kroger   and privately-owned firm Publix.

Last month, Beyond Meat reported a second quarter loss of -$10.2 million, as the cost of re-routing its burgers and sausages from restaurants to retail outlets during the peak of the coronavirus pandemic affected earnings.

According to Tickeron's analysis, 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 $166.12 is above $151.94 the highest resistance line found by A.I. Throughout the month of 08/26/20 - 09/28/20, the price experienced a +21% Uptrend. During the week of 09/21/20 - 09/28/20, the stock enjoyed a +2% 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 14 of 20 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 70%.

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 10-day RSI Indicator for BYND moved out of overbought territory on September 18, 2020. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 13 similar instances where the indicator moved out of overbought territory. In 10 of the 13 cases, the stock moved lower in the following days. This puts the odds of a move lower at 77%.

The Stochastic Indicator may be shifting from an upward trend to a downward trend. In 8 of 15 cases where BYND's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 53%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 78%.

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 79%. During the last month, the daily ratio of advancing to declining volumes was 2.15 to 1.

The Tickeron Price Growth Rating for this company is 38 (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 86 (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 (24.22) is very high in comparison to the industry average of (4.08). BYND has a moderately low P/E Ratio (0.00) as compared to the industry average of (27.27). BYND's Projected Growth (PEG Ratio) (0.00) is slightly lower than the industry average of (0.95). 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 84, placing this stock worse than average.

Contributor

Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.

Notable companies

Industry description

Market Cap

High and low price notable news

Volume