Beyond Meat: This could become really bitter!

How does Beyond Meat compare to the market?

Over the past 12 months, Beyond Meat has performed -83.83 percent. Similar stocks in the “food” sector have risen an average of 12.78 percent, giving Beyond Meat an underperformance of -96.61 percent on an industry comparison. The “consumer staples” sector had a median return of 21.85 percent over the past year. Beyond Meat was 105.68 percent below that average. The underperformance in both industry and sector comparisons results in a “Sell” rating in this category.

What is the current sentiment among investors?

Beyond Meat has been rated neutral by mostly private users on social media over the past two weeks. This is the conclusion reached by our editorial team when evaluating the various comments and word messages that have dealt with this value in the past two weeks. In the past few days, predominantly neutral topics were addressed around the value. In summary, we believe the investor sentiment at this level therefore allows for a Hold rating. Therefore, the overall measure of investor sentiment generates a “Hold” rating.

What price target do analysts see?

On a long-term basis, analysts rate Beyond Meat’s stock as a “Hold” stock. For from a total of 18 analysts, these ratings were available0 Buy, 5 Hold, 4 Sell. There are no analyst updates on Beyond Meat from the last month. On average, the analysts expect a target price of 47.11 USD. This results in an expectation of 270.37 percent, as the closing price is currently USD 12.72, which corresponds to a “Buy” rating. Based on all analyst estimates, we therefore assign a “Buy” rating.

Dimmed Chart

The average closing price of Beyond Meat stock for the last 200 trading days is currently $30. Thus, the last closing price (USD 12.72) is deviating -57.6 percent, which corresponds to a “Sell” rating from a chart perspective. Let’s look at the average of the last 50 trading days. For this (14.43 USD), the last closing price is also below the moving average (-11.85 percent deviation). Thus, Beyond Meat stock is given a “sell” rating on this shorter-term basis as well. The bottom line is that Beyond Meat stock thus receives a “sell” rating for the simple charting technique.

Bad sentiment weighs on Beyond Meat

A clear change in sentiment toward the negative could be seen at Beyond Meat in recent weeks. A change in sentiment occurs when the mass of market participants in social media, which forms the basis of this evaluation, has a tendency toward particularly positive or negative themes. Since Beyond Meat registered negative conspicuities in this respect, we rate this criterion as “Sell”. With regard to the strength of the discussion or, in other words, the change in the number of posts, no significant differences could be identified. We honor this with a “Hold” rating. In summary, Beyond Meat therefore gets a “Sell” for this stage.

Too many buyers for Beyond Meat – is a trend break looming?

The Relative Strength Index (also Relative Strength Index, abbreviated RSI) is used in technical analysis to assess whether a stock is overbought or oversold. Overbought stocks are more likely to see short-term price declines, while oversold stocks are more likely to see price gains. For this point of analysis, we will use the RSI on a 7-day and on a 25-day basis for Beyond Meat. First, the RSI7this is currently at 96.65 points, indicating that Beyond Meat is overbought. This gives the security a “sell” rating on the 7-day RSI. The 25-day RSI fluctuates less in comparison. The RSI25 is at 50.58, which means that Beyond Meat is neither overbought nor -sold here, unlike the RSI7. The security is thus deviantly rated as a “Hold”. Together, this gives the Beyond Meat security a “Sell” rating in this section.