NASDAQ is an American Stock Exchange in which BYND is the symbol for Beyond Meat Inc. Company trades. It is a food company that manufactures, markets, and sells plant-based meat products in the United States and internationally. This company was founded in the year 2009 and is headquartered in California. This company sells its products through grocery, mass merchandiser, and natural retailer channels and various food away from home channels, including restaurants, foodservice outlets, and schools.
The company’s institutional ownership structure shows current positions in the company by institutions and funds and the latest changes in position size. There are shareholders, which include individual investors, mutual funds, institutions…etc.
Information on NASDAQ: BYND
NASDAQ: BYND was one of the last of the so-called unicorn stocks to fog investors’ mirrors. Even though it has yet to show a profit, its stock price climbed over 700% from its initial IPO price of $25. One thing about this stock is that it mostly depends on consumers who use meat and other process meats in their day to day life. The average American foods mainly consist of meat products, and the companies’ demand for meat products is always on the high. As such, investing in NASDAQ: BYND stock at https://www.webull.com/quote/nasdaq-bynd has been the preference of many.
The volatility of NASDAQ: BYND
In the securities markets, volatility is connected with big ups and downs. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, the NASDAQ: BYND stock is found by 3.85% volatile for the week, while the month’s 4.23% volatility is recorded. The outstanding shares have been calculated around 61.68M. Based on a recent bid, its distance from 20 days from 50 days simple moving average is -8.13% while it has a distance of 21.09% from 200 days simple moving average.
Is NASDAQ: BYND a good stock?
Since food industries are highly competitive and meat products of various companies are available in the market, the stock of NASDAQ: BYND also depends on the consumers’ product buying. The stock market trend shows that investors are paying for this company, hoping that it will achieve high growth shortly. Calculations showed that the top 10 most popular stocks among hedge funds returned 41.4% in 2019 and outperformed the S & P 500 ETF (SPY) by 10.1%. NASDAQ: BYND has witnessed a decrease in activity from the world’s largest hedge funds of the late.
Current Trends on NASDAQ: BYND
The company is currently making plant-based meats apart from its traditional way of using animal meat for its various meat products. This obviously will increase the company’s sales as consumers are always eager to try new tastes and try for changes in their eating habits. This trend is surely going to help the NASDAQ: BYND to have more value for their stocks. You can check to buy the stock share from the margin account.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.