The actions of Beyond Meat Inc. (NASDAQ:BYND) are in the top trends this Thursday.
BYND edged down 0.85% in pre-market trading on Thursday to $0.6150 after fourth-quarter results missed estimates by 163.64%, marking its fifth consecutive failure in terms of EPS, while first quarter guidance is well below expectations.
The plant-based protein maker reported an adjusted loss of 29 cents per share versus a consensus estimate of a loss of 11 cents per share.
Beyond Meat also reported revenue of $61.59 million, missing the $62 million estimate and down 19.7% year over year.
The company forecast first-quarter revenue of between $57 million and $59 million, missing analysts’ estimate of $65.25 million.
Trading indicators, technical analysis
Beyond Meat has a market capitalization of $282.04 million, with a 52-week high of $7.69 and a 52-week low of $0.50.
BYND’s Relative Strength Index (RSI) is 40.44.
Over the past 12 months, the stock has fallen 79.92%.
Currently, BYND is positioned very close to its annual low.
Price movement:The stock, which is part of the small caps, closed Wednesday’s regular session down 11.57% at $0.62, according to data from Benzinga Pro.
Benzinga’s Edge Stock Rankings indicate that BYND has a negative price trend across all time horizons.
Photo courtesy of: Nadya Kubik of Shutterstock
Warning : This content was partially produced using AI tools and was reviewed and published by Benzinga editors.
