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Trade of the Day: Beyond Meat (BYND) Stock Is Cooking a Contrarian Trade
Investor Place· 2024-06-25 12:12
Core Viewpoint - Beyond Meat (NASDAQ:BYND) is not a suitable long-term investment for conservative market participants due to consistent financial losses and declining sales growth despite the potential of the plant-based meat market [1] Group 1: Company Performance - Beyond Meat reported revenue of $464.7 million in 2021 but has experienced erosion in sales growth since then [1] - The stock has dropped nearly 19% since the beginning of the year and over 44% in the past 52 weeks, indicating poor performance [1] - The company has lost almost 96% of its value over the past five years, raising concerns about sustainability risks [6] Group 2: Market Potential - The global plant-based meat market is projected to reach a valuation of $24.8 billion by 2030, implying a compound annual growth rate (CAGR) of 24.9% from a 2022 valuation of $4.4 billion [1] Group 3: Trading Sentiment - Options traders show a slightly bearish sentiment towards BYND stock, with net trade sentiment for options being $21,400 below breakeven [3] - High short interest stands at 39.09% of the float, with a short interest ratio of 13.22 days to cover, indicating potential volatility [3] Group 4: Trading Strategy - A suggested trading strategy is to buy BYND stock in the open market or consider leveraged bets with call options, specifically the July 19, 2024 $7 calls [4][6] - The wide bid-ask spread of 7.69% is considered decent for this speculative transaction [6]
Beyond Meat® Expands Beyond IV Product Line with the Debut of New Beyond Sausage® at Grocery Stores Nationwide, Including at Kroger and Whole Foods Market
Newsfilter· 2024-06-20 13:30
Core Insights - Beyond Meat has launched its fourth generation Beyond Sausage, which features improved flavor and texture while enhancing nutritional value [1][2] - The new sausage is made with avocado oil, reducing saturated fat to 2g per link, which is a 66% decrease compared to the previous version, and contains 17g of protein per serving [2][3] - The company has also introduced its first cookbook, "Serve Love," featuring heart-healthy recipes certified by the American Heart Association [3][4] Product Details - The new Beyond Sausage is designed to be juicy and meaty, made with heart-healthy avocado oil, and has a simplified ingredient list [2][3] - It has 75% less saturated fat than traditional pork sausage and is certified by the American Diabetes Association's Better Choices for Life program [2][3] - The product is available in Brat Original and Hot Italian-Style flavors, with a Mild Italian-Style flavor expected to launch later in the summer [5] Marketing and Community Engagement - Beyond Meat celebrated the launch of the new sausage by serving recipes from the cookbook to local residents in Love County, Oklahoma, and plans to continue community engagement throughout the summer [5] - The cookbook aims to make nutritious, sustainable plant-based meals more accessible and is available for free download on the Beyond Meat website [3][4] Company Overview - Beyond Meat, Inc. is a leading plant-based meat company focused on creating products that mimic the taste and texture of animal-based meat while being healthier and more sustainable [6] - The company emphasizes its commitment to health, environmental benefits, and animal welfare through its plant-based offerings [6]
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]