Key Details
Price
$4.98Annual ROE
65.87%Beta
1.68Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Nov 06, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
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The allure of quick riches often leads investors down unpredictable and volatile paths. While offering the potential for rapid gains, these investments also carry substantial risk.
Beyond Meat's Q3 report showed decent revenue growth and margin improvement, but cash burn and a massive debt pile are major concerns. The company's balance sheet continues to weaken, with cash reserves and working capital dwindling, increasing bankruptcy risk. Despite some operational improvements, Beyond Meat's valuation is unattractive compared to more stable competitors in the space.
Beyond Meat (BYND) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.44. This compares to loss of $1.09 per share a year ago.
EL SEGUNDO, Calif., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Beyond Meat, Inc. (NASDAQ: BYND) (“Beyond Meat” or “the Company”), a leader in plant-based meat, announced today it will report financial results for the third quarter ended September 28, 2024 on Wednesday, November 6, 2024 after market close.
Are these stocks too risky to take a chance on today?
If the stock price of Beyond Meat Inc. NASDAQ: BYND is any indication, the plant-based meat boom has come and gone. The stock peaked at a whopping $239.71 in July 2022 and has since withered away to an all-time low of just $5.20 on Aug. 5, 2024.
In the latest edition of Good Buy or Goodbye, host Josh Lipton welcomes Mizuho managing director and senior consumer equity research analyst John Baumgartner to discuss the best investing strategies when assessing health conscious consumers. Baumgartner names BellRing Brands (BRBR) as a stock to buy for investors, noting the company is a "leader in the US ready-to-drink protein shake category.
After the product attracted widespread interest, consumers and restaurants now buy less plant-based meat. Amid ongoing losses, it is not well positioned to issue more shares or take on new debt.
After almost a 28% 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 $9 to $6 year-to-date, largely underperforming the broader indices, with the S&P growing about 17% over the same period.
Beyond Meat stock has been one of the market's worst performers, losing over half its value due to revenue growth troubles. The company's Q2 report showed a smaller than expected revenue decline and improved margins, but also more losses and cash burn. With a debt heavy balance sheet, management has a lot of work to do to keep the company afloat moving forward.
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