|Bid||66.38 x 1000|
|Ask||66.50 x 1000|
|Day's Range||63.98 - 70.90|
|52 Week Range||58.00 - 221.00|
|Beta (5Y Monthly)||1.62|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 23, 2022 - Feb 28, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||74.21|
There was no company-specific news out on Beyond Meat today, but yesterday, Financial Times noted that it had become one of the most shorted stocks on the U.S. stock market. According to Financial Times, 42% of the Beyond Meat float is now sold short, higher than any other Russell 1000 stock, meaning a significant percentage of investors are betting on the stock to fall. Financial Times went on to say that investors had become concerned after the company said in October that third-quarter revenue would be short of its guidance at just $106 million compared to the previous range of $120 million to $140 million.
Beyond Meat (NASDAQ:BYND) marked one of the hottest initial public offerings (IPO) of 2019. That year, shares of BYND stock skyrocketed to as high as $239. From 2018 to 2020, sales of plant-based meat grew three times faster than animal meat sales. So, it seems like Beyond should be performing well, right? Sadly, that isn’t the case. Shares of BYND stock are now trading around the $65 level, down more than 70% from its all-time high. Source: calimedia / Shutterstock.com BYND stock is currently t
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