The meat production industry always gains a more number of supports from worldwide customers. In this environment, one of the famous industry called the beyond meat inc is providing plant-based meat. The manufacturing of this kind of meat will help the customers to find the unique taste, and also it will get expired immediately. The health benefit will be high in this kind of meat product like meatballs, burger patties, sausages, and others. Thus because of the popularity of this industry, the stock price of NASDAQ: BYND is growing higher.
Increase in revenue
The company is working hard to provide high-quality meat products that, too, in an affordable and unique taste. It is also trying to maintain the taste consistency for many years. In the last year that is before the pandemic situation, the company has produced huge revenue of about three hundred million dollars. This made the company be happy, and also the company has reached this unbelievable progress because of the improvement in the industry and also creating the new branches to serve all over the world.
This company is present in one of the top positions in the zacks rank. The current rank position is three, but the experts have given the rating as a hold. Investors who are looking to invest in the best stock can pick this. The current estimation of the stock is three cents per share, but the company has outperformed well. It has crossed the estimation amount, and so the current earnings rate is seven cents per share. The current stock price of the company is approximately 143 dollars.
Stock details of the company
The market capitalization of the company is approximately nine billion dollars. The sixty three million shares are made in this company. The investors will find this NASDAQ: BYND stock to be more useful for getting a huge amount in the future. The company will give tough competition for the coworkers. The investors will not get any dividend amounts from this company. The announcement of the expansion in Walmart is providing huge revenue for the customers. The shares of the company have increased ten percent of the current one. The Wall Street analysts have predicted and gave the ratings for the stock. In it, the stock is getting six sells, seven holds, and also two buys. This means that the hold rating is higher for this stock. It is a more beneficial one for the investor to hold it when it is already invested. For more information, you can check at https://www.webull.com/quote/ipos.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.