The Significance of Moving Averages in Beyond Meat Inc Inc. (BYND) Price Performance

The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. This year’s metric has recorded a Price decrease of -19.33%. However, over the past six months, we’ve seen a stronger performance of -21.10%. The price of BYND fallen by 2.13% over the last 30 days. And in the last five days, it has fallen by -7.47%.

The market performance of Beyond Meat Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $19.25 on 07/14/23, with the lowest value for the same timeframe being $5.58, recorded on 10/26/23.

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52-week price history of BYND Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. Beyond Meat Inc’s current trading price is -62.70% away from its 52-week high, while its distance from the 52-week low is 28.67%. The stock’s price range for this period has been between $5.58 and $19.25. The Consumer Defensive sector company’s shares saw a trading volume of about 2.27 million for the day, which was lower than the average daily volume of 2.48 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

Beyond Meat Inc (BYND) has experienced a quarterly decline of -9.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 465.84M and boasts a workforce of 749 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.42, with a change in price of -0.10. Similarly, Beyond Meat Inc recorded 3,273,447 in trading volume during the last 100 days, posting a change of -1.37%.

BYND Stock Stochastic Average

As of today, the raw stochastic average of Beyond Meat Inc over the last 50 days is at 28.70%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 5.72%. Further, the company’s Stochastic %K and %D values for the last 20 days were 16.58% and 19.66%, respectively.

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