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Russell 2000 Futures
Beyond Meat, Inc. (BYND)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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At close: 04:00PM EDT
60,554 reactions on $BYND conversation
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Meanwhile, Beyond Meat continues to face ever-stiffening competition from both specialty alt-protein makers (the privately held Impossible Foods, for one), and old-school comestibles giants with deep pockets now playing this new game (Tyson and Hormel). Beyond Meat's softness on pricing during the quarter is evidence of a highly competitive environment.
Meanwhile, alt-meats are no longer exciting novelty items on chain-store restaurant menus and supermarket shelves. On the back of this waning trend, and that continually growing competition, many investors are sending Beyond Meat stock back to the kitchen.
Following the 7th consecutive missed earnings report, institutions scrambled to adjust their expectations.
Barclays: Lowered from Overweight to Equal Weight
Mizuho Americas: Dropped price target from US$35 to US$21
Credit Suisse: Reaffirmed Underweight rating, dropped price target from US$40 to US$20
So far, it seems that Beyond Meat's strategy to reduce the prices failed to generate expected topline growth. This is alarming in an environment where food prices have been consistently rising over the last several months. It means that customers aren't willing to consider BYND products as substitutes even at much better relative prices.
see the huge run at the opening ...I expect this to touch 30 today
Omg when does it end? I just looked at my portfolio and it is down 70% I have lost nearly all my life savings. That is over roughly 60 companies I am vested in.
Didn’t you bears say $15 this week?
From $160 to $21....And, there are probably 1,000 or more other stocks that are just like this one.
Bynd is worth $100 per share
Houston-- we have a big problem. Just traded in the 19's
This is simply an amazing case study. From $200 to this. An epic fall. You hear about the big wins (not many these days); this is a mind googling fall.
Mannnn, what a day to pick for earnings
Anyone else recognizing a pattern
-.30 - .90 - 1.28 -1.58
HMM wonder what comes next quarter here maybe - 2.00 or - 3.00 when they mark down all the inventory no one wants.
Tough to make a living when every revenue dollar leads to equal amount of net loss.
Even the gas station next to me makes more revenue then beyond meat globally.
$2,00 book value, less than 2 years burn rate cash remaining, losing money hand over fist ... 30's looks like the steal of the century.
But it's a growth stock. growing losses with every sale. bankrupt or dilution incoming
This is beyond belief.
Could you believe that this stock is still trading at 18 times book value! People who were buying this at $175 should take course 101 in fundamental investing!
10% down or up 40% tomorrow?
Lol revenue 109,5 mio $ and loss of 100,5 mio $
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2 days in a row +25%
Goldman Sachs pushed staff to return to the office. Now the Wall Street bank is giving executives unlimited time off
Retirees opt into cruise ship living
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