Beyond Meat Stock Has 24% YTD Decline, But Can Sentiment Change? [Forbes]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
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Source: Forbes
Beyond Meat experienced a surge in it's stock price of Tuesday after the maker of plant-based meat substitutes topped market expectations for fourth-quarter revenue. (Photo illustration by Scott Olson/Getty Images) Getty Images After almost a 24% decline this year, at the current price of around $6 per share, we believe Beyond Meat stock (NASDAQ: BYND), a plant-based meat alternative - is fairly priced. BYND stock has dropped from around $8 to $6 year-to-date, largely underperforming the broader indices, with the S&P growing about 20% over the same period. The company has been facing challenging revenue and considerable cash burn for about three years now - thanks to the combination of inflation, pandemic-related shifts in demand, and rising competition. Although it would be premature to declare Beyond Meat's stock as irreparable, the company's current trajectory suggests a challenging outlook with no clear escape from its detrimental cycle. In Q2 2024, the company's revenue of
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BYND
News
- Beyond Meat® to Report Third Quarter 2024 Financial Results on November 6, 2024GlobeNewswire
- Beyond Meat's Turnaround Is Too Uncertain To Bank On [Seeking Alpha]Seeking Alpha
- Tips For Using Speaking As A Platform To Build Your Personal Brand [Forbes]Forbes
- Mon Dieu! McDonald's puts Beyond Meat's plant-based McNuggets on French menu [Los Angeles Times (CA)]Los Angeles Times
- EU Court Rules Plant-Based Burgers Labeling Lawful [Forbes]Forbes
BYND
Earnings
- 8/7/24 - Miss
BYND
Sec Filings
- 10/16/24 - Form 4
- 10/16/24 - Form 4
- 10/16/24 - Form 4
- BYND's page on the SEC website