Beyond Meat, Inc.
BYND Details
Beyond Meat, Inc. (NASDAQ: BYND) is a company that makes plant-based meats such as burgers, sausage, ground beef, and chicken. It creates meat straight from plants, a breakthrough that allows customers to enjoy the taste, texture, and other sensory characteristics of popular animal-based meat products while reaping the environmental benefits of consuming its plant-based meat products. Its goods were accessible in about 128,000 retail and foodservice establishments in over 85 countries as of September 2021.
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Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Analysis by Kalkine Group)
* % Premium/(Discount) is based on our assessment of the company's NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
BYND Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
BYND's stock price has fallen 53.69% in the past six months and is currently leaning close to the lower end of its 52-week range of USD 62.06 to USD 221.00. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 37.15. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 80.73.
Considering the significant correction in the stock price, improvement in topline, current valuation, and associated risks, we recommend a "Buy" rating on the stock at the current price of USD 67.25, up 6.04% as of December 14, 2021, 11:45 AM ET.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
Bandwidth Inc.
BAND Details
Bandwidth Inc. (NASDAQ: BAND) is a cloud-based communications platform-as-a-service (CPaaS) provider that enables organizations to build, scale, and execute voice and messaging communications services on any mobile app or connected device. Monthly service fees for its software APIs, payments for services like SIP trunking, data reselling, a hosted Voice-over-Internet Protocol service (VoIP), traffic created by other service carriers, SMS registration fees, and other linked product lines provide the company with revenue. As of December 14, 2021, the company's market capitalization stood at USD 1.81 billion.
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