Shares of Beyond Meat (BYND 42.55%) were sizzling on Wednesday, up by as much as 61.2% in early trading. As of 11:42 a.m. ET, the stock was still up by 44.1%.The catalyst that sent the maker of plant-based meat substitutes higher was the fourth-quarter report it delivered Tuesday after the close, which was something of a mixed bag.Mediocre resultsFor the quarter, Beyond Meat's net revenue declined by 7.8% year over year to $73.7 million. The bad news traveled down the income statement, resulting in a net lo ...

The shares of Beyond Meat Inc (NASDAQ:BYND) are surging after the open, last seen up 54.2% to trade at $11.60, after the alternative meat name last night announced earnings results. For the fourth-quarter, Beyond Meat beat revenue estimates, and said it would "steeply reduce" costs in 2024. There's ample room for a short squeeze, considering the 23.36 million outstanding shares account for 38% of BYND's total available float. At its current pace of trading, it would take shorts more than eight days to buy ...

Shares in Beyond Meat (NASDAQ:BYND) stock jumped 55% in pre-market trading despite a huge loss.Reporters focused on management promises to cut costs and revenues that came in ahead of estimates.But there may be a simpler explanation: a short squeeze. Fintel reports that 37% of BYND stock is now held short, including 58% of that held off exchanges. BYND stock opened this morning at $11.60 per share, a market capitalization of about $750 million.Squeezing Fake MeatBeyond Meat was a big deal five years ago, as ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

Beyond Meat (NASDAQ:BYND) stock is on the rise Wednesday following the release of the plant-based meat alternative company’s earnings report for the fourth quarter of 2023.That earnings report includes revenue of $73.7 million for Q4 2023. That’s better than the $67.92 million in revenue that Wall Street was expecting for the quarter. Even if it’s down 7.8% year-over-year from $79.94 million.Beyond Meat notes that its revenue beat is thanks to increased international sales even as demand in the U.S. weakens ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Beyond Meat (BYND 0.94%) stock skyrocketed 73.5% in Tuesday's after-hours trading, following the plant-based meat substitute maker's release of its fourth-quarter 2023 report. This sharp rise is largely attributable to the quarter's revenue exceeding Wall Street's consensus estimate, and the company's plans to "steeply reduce" costs in 2024, in the words of CEO Ethan Brown.These factors would not usually propel a stock up a whopping 74%, but price movements tend to be magnified for stocks with very high sho ...

At first glance, the fourth quarter earnings report published late on February 27 by the plant-based foods company Beyond Meat (NASDAQ: BYND) is nothing to write home about. BYND not only continued its long-standing trend of diminishing in terms of sales volume – in stores despite the promotion discounts and in restaurants as promotions ended – and revenue but also unveiled losses per share far more significant than the analysts were forecasting.The $155 million in net losses ultimately amounted to a per-sh ...

Studio4/E+ via Getty ImagesLast March, I placed a "Sell" rating on Beyond Meat (NASDAQ:BYND), noting that management greatly misread demand for its product, while more recently I wrote in November that it must dramatically cut costs and right size its manufacturing capacity. Prior to earnings the stock was down more than -50% since my original write-up, but the stock was surging after reporting if Q4 results. Let’s catch up on the name. Company Profile As a refresher, BYND produces plant-based food item ...

Beyond Meat, Inc. (NASDAQ:BYND) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Paul Shepherd - Vice President, FP&A & Investor Relations Ethan Brown - Founder, President & Chief Executive Officer Lubi Kutua - Chief Financial Officer & Treasurer Conference Call Participants Daniel Gold - BMO Adam Samuelson - Goldman Sachs John Baumgartner - Mizuho Robert Moskow - TD Cowen Alexia Howard - Bernstein Peter Saleh - BTIG Ben Theurer - Barclays Operator Good afternoon, and welco ...