Beyond Meat Inc. (NASDAQ:BYND) is launching its new Beyond Beef product
Meat Inc. (NASDAQ:BYND)
shares ticked up 6.82% to finally closed at $150.60 in last active session.
BYND’s distance from 20 day simple moving average is 14.75% and distance from 50-Day simple moving average is 41.44%.
Analyst’s mean target price for BYND is $82.83 while analysts mean recommendation is 2.60. Stock value has moved between $44.96 – 200.8 in last one year. Stock has got OUTPERFORM rating from 0 of Thomson Reuters analysts, 8 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for BYND is $82.83 while analysts mean recommendation is 2.60.
The current share price indicates that stock is -25.40% away from its one year high and is moving 234.67% ahead of its 52-week low.
Plant-based meat maker, Beyond Meat Inc. said on Wednesday it is launching its new Beyond Beef product later this week across the U.S. The Beyond Beef product is plant-based ground beef that is designed to taste and look like traditional ground beef. It will be available at stores, including Whole Foods Alberstons, Kroger and Safeway, among others. Beyond Meat shares rose 4.3% in premarket trade.