Reported 14 days ago
Beyond Meat, once valued at $13 billion and popular for its plant-based meat substitutes, has seen its stock plummet over 85% this year, reaching a market cap of just $59.9 million. With a high short interest of 40% and ongoing struggles to report profitability, the company's efforts to capitalize on the growing alternative meat market are hindered by inflation, consumer preferences shifting, and negative brand perceptions. Analysts are projecting a 'Moderate Sell' for BYND stock, reflecting a challenging future for the brand.
Source: YAHOO