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Beyond Meat Forecast: Is There Any Hope Left for This Stock?
MarketBeat· 2024-06-18 12:58
Plant-based meat producer Beyond Meat Inc. NASDAQ: BYND has a 39.81% short interest. Sentiment is negative for the stock as it continues to fall lower, trading down more than 25% year-to-date (YTD). The stock recently provided investors with a fleeting lifeline, briefly jumping to $10.31 on a short-lived meme stock revival led by GameStop Co. NYSE: GME on May 14, 2024. Shares have since given back all the gains and tacked on more losses.Beyond Meat operates in the consumer staples sector, competing with rea ...
Will Beyond Meat Reach a Billion-Dollar Market Cap by 2025?
The Motley Fool· 2024-06-05 14:00
The producer of plant-based meat products still needs to overcome a lot of challenges.Beyond Meat (BYND -0.13%), a leading producer of plant-based meat substitute products, went public on May 2, 2019, at $25 a share. Its stock closed at $65.75 on the first day and subsequently soared to an all-time high of $234.90 on July 26, 2019.At its peak, Beyond Meat's market cap reached $14.1 billion, or 47 times the revenue it would actually generate in 2019. The bubbly valuation made an easy target for the bears as ...
2 Former Growth Stocks Down 96% That Could Keep Crashing
The Motley Fool· 2024-05-31 09:30
These stocks have taken investors on rollercoaster rides that are unlikely to end well.There's a long list of stocks that soared during the pandemic only to crash as consumer behavior changed. Some of those stocks have staged recoveries, while others remain deep in negative territory and may never reclaim those pandemic-era highs.Peloton (PTON 10.51%) and Beyond Meat (BYND 2.37%) were high-flyers during the pandemic, but plunging demand for pricey exercise bikes and fake meat products has put the stocks thr ...
Down 89% Since Its IPO, Is Beyond Meat Stock Too Cheap to Pass Up?
fool.com· 2024-05-23 13:30
Is Beyond Meat a bargain buy or just a value trap?Beyond Meat (BYND -0.68%) was an exciting new stock to hit the markets in 2019. As a potential alternative to meat-based burgers, its plant-based products were definitely full of potential. But despite launching multiple products, Beyond Meat's business hasn't been taking off. In fact, sales have been declining of late.The company faces a challenging road ahead as it tries to generate sales growth while also paving a way to profitability. There's plenty of r ...
3 Stocks to Watch Closely for Superb Earnings Acceleration
zacks.com· 2024-05-20 12:15
Core Insights - Earnings acceleration is a key indicator of a company's potential for stock price appreciation, as it reflects incremental growth in earnings per share (EPS) [1] - Companies with increasing earnings growth percentages are considered fundamentally sound, while those with decelerating growth may face price declines [2] Screening Parameters - Stocks should be screened for the last two quarter-over-quarter EPS growth rates exceeding previous periods' growth rates [3] - The projected EPS growth rate for the current quarter must be greater than the previous quarter's growth rate, and this pattern should continue for the preceding quarters [3][4] - Additional criteria include a current stock price of at least $5 and an average 20-day trading volume of 50,000 or more to ensure liquidity [4] Notable Stocks - Beyond Meat (BYND) is highlighted with an expected earnings growth rate of 44.2% for the current year and currently holds a Zacks Rank 3 (Hold) [4] - Sea Limited (SE) has an expected earnings growth rate of 19.9% and holds a Zacks Rank 2 (Buy) [5] - Expro Group Holdings (XPRO) stands out with an expected earnings growth rate of 426.3% and currently has a Zacks Rank 3 [5]
2 Consumer Stocks I Wouldn't Touch With a 10-Foot Pole
fool.com· 2024-05-19 09:20
Core Viewpoint - The current stock market environment, driven by an AI boom and technology profits, resembles the speculative atmosphere of 2021, posing risks for investors in growth stocks [1] Company Summaries Opendoor Technologies - Opendoor has never been profitable, reporting a net income of negative $283 million on a gross profit of $431 million over the last 12 months [3] - Revenue declined by 62% year over year in Q1 2024 as the company reduced operations to remain viable [3] - The business model of buying and selling real estate online is flawed, exacerbated by rising interest rates, and requires significant capital investment [4] - Opendoor's book value per share has decreased by 68% from all-time highs to $1.30, while the stock trades at $2.50, nearly double its book value [4] - There are no redeeming qualities in Opendoor's business model, indicating potential further downside [5] Beyond Meat - Beyond Meat has experienced declining revenue for multiple years, with an 18% year-over-year revenue drop last quarter and gross margins at only 4.9% [6] - The company has reported negative net income since 2020, with the stock down 96% from all-time highs [7] - Consumer interest in plant-based meat products is waning, suggesting a bleak outlook for Beyond Meat's future growth [7]
Beyond Meat Stock Is Suddenly Surging: Should You Buy the Rip?
fool.com· 2024-05-19 09:10
As always, investors need to watch the business and not the stock.It's been a disappointing journey for shareholders of plant-based meat company Beyond Meat (BYND -0.14%). Shares are down 96% from their all-time highs in 2019. It was a disappointing journey -- that is, until things started getting interesting over the last month.In just one month, Beyond Meat stock is up 34%, outpacing the 2% return for the S&P 500. It's one of the best performances the stock has had in a long time. Could the outlook for sh ...
Beyond Meat (BYND) Stock Soars on Short Squeeze Hopes
InvestorPlace· 2024-05-14 15:57
Group 1 - Beyond Meat (BYND) stock is experiencing a rally as investors anticipate a potential short squeeze due to high short interest, with 25,356,827 shares shorted, representing approximately 40.97% of the company's float [1] - The stock has seen heavy trading activity, with over 12 million shares traded, significantly surpassing its daily average of about 3.7 million shares [2] - As of Tuesday morning, BYND stock is up 20.1% for the day and has increased 17.5% since the beginning of the year [2] Group 2 - The recent interest in shorted stocks is linked to a broader rally in meme stocks, reminiscent of the 2021 meme stock phenomenon initiated by the trader known as Roaring Kitty [1] - If 2024 mirrors the trends of 2021, it could lead to a rise in several meme stocks as traders attempt to push shorts out of these positions [1]
Beyond Meat: Bird Flu Is Big
Seeking Alpha· 2024-05-12 05:13
Sundry Photography Investment Thesis Despite the company’s current challenges including a substantial debt load, operational inefficiencies, and lackluster sales attributed to what I believe to be as poor product-market fit (PMF), I believe that Beyond Meat’s (NASDAQ:BYND) total addressable market (TAM) could see significant expansion, particularly under scenarios like a bird flu epidemic impacting US cattle supplies. I am not a consumer myself but such an event could drive some red meat consumers to ex ...
The 3 Best Vegan Stocks to Buy in May 2024
InvestorPlace· 2024-05-10 10:08
Core Insights - The vegan market is growing, particularly among younger consumers aged 18 to 34, who prioritize sustainability and health [1] Company Summaries Oatly (OTLY) - Oatly specializes in dairy alternatives, particularly oat milk, and has a significant total addressable market due to the 68% of the global population experiencing lactose malabsorption [2] - Despite a 45% drop in share value over the past year, Oatly remains a speculative investment opportunity [3] SunOpta (STKL) - SunOpta manufactures plant-based and fruit-based products and has received a unanimous strong buy rating from analysts [5] - The average price target for SunOpta is $9.40, indicating over 66% upside potential, with a high-side target of $10, projecting 77% growth [5] - Revenue forecasts are $684.15 million for 2024 and $757.74 million for 2025, up from $630.3 million in 2023 [6] Beyond Meat (BYND) - Beyond Meat has a moderate sell rating, with no buy ratings from analysts, and an average price target of $6.07, suggesting a 26% downside risk [7] - The company has seen a 33% decline in share value over the past year, particularly after disappointing earnings [8]