Why did Beyond Meat stock suffer a short squeeze?
A short squeeze for Beyond Meat stock simply lacked a catalyst. Typically squeezes start when something good happens, like blowout earnings or a new product launch.
Is Beyond Meat the perfect stock?
Sure, as with any stock, there's downside risk. But by increasing the distribution of its products, launching new products, and entering new markets, Beyond Meat could provide plenty of catalysts that could lead to further upside.
Is GameStop squeezing other stocks like Beyond Meat?
But it seems GameStop's parabolic move is providing enough of a catalyst to unexpectedly start squeezing a bunch of other stocks like Beyond Meat today. I would advocate against investing in Beyond Meat stock hoping for a quick buck while the squeeze -- if it is actually a squeeze -- plays out.
Can You short Beyond Meat (BMW)?
But by increasing the distribution of its products, launching new products, and entering new markets, Beyond Meat could provide plenty of catalysts that could lead to further upside. If you're bearish on Beyond Meat's long-term prospects, it seems far better to simply avoid this stock rather than actively bet against it by shorting.
Will Beyond Meat stock go up 2021?
Beyond Meat CEO Predicts Market Recovery After Stock Dip, Blames 'Covid-Related' Fall In Demand. Beyond Meat CEO Ethan Brown has revealed he is confident that the company can overcome disappointing market performance in 2021.
Will Beyond Meat stock go back up?
That said, the company's stock appears cheap at the current price. Beyond Meat's management believes that their spending rates will subside substantially in 2022, and they can leverage the investments made in 2021. The company expects first-quarter revenue to rise 20% to 23% y-o-y.
Is it a good time to buy Beyond Meat stock?
Bottom line: BYND stock is not a buy right now. Beyond Meat is failing to generate sustained traction from fundamental catalysts and still needs to prove itself.
Why is Beyond Meat stock down?
Piper Sandler downgraded Beyond Meat to sell, citing concerns over growing competition and upcoming product launches. Shares of Beyond Meat BYND +13.25% were dropping Monday after the stock was downgraded by Piper Sandler analysts, who cited concerns over growing competition.
What is the forecast for beyond meat stock?
Stock Price Forecast The 16 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 21.50, with a high estimate of 45.00 and a low estimate of 12.00. The median estimate represents a -14.21% decrease from the last price of 25.06.
What is a good price for Beyond Meat stock?
Average Price Target Based on 11 Wall Street analysts offering 12 month price targets for Beyond Meat in the last 3 months. The average price target is $25.50 with a high forecast of $48.00 and a low forecast of $12.00. The average price target represents a -10.93% change from the last price of $28.63.
Is beyond meat stock overpriced?
Delano Saporu, founder of New Street Advisors, believes in the product but said the stock is still overvalued despite the pullback. “The plant-based meat industry is something that's going to continue to grow but I do think the valuation is still a little bit out of line,” Saporu said during the same interview.
Is Beyond Meat share a buy?
On 19 May Beyond Meat shares plunged 9.61% to a closing position of $24.37. Over the last 12 months, Beyond Meat's share price has fallen by an alarming 80.31% from $145.42....Beyond Meat shares at a glance.52-week range$20.5 - $160.279Earnings per share (TTM)$-4.0335 more rows
Does Beyond Meat pay dividends?
BEYOND MEAT Dividends FAQ BEYOND MEAT (NASDAQ: BYND) does not pay a dividend. Is BEYOND MEAT's dividend stable? BEYOND MEAT (NASDAQ: BYND) does not pay a dividend.
What company owns Beyond Meat?
Beyond Meat is a Los Angeles–based producer of plant-based meat substitutes founded in 2009 by Ethan Brown....Beyond Meat.TypePublic companyFounded2009FounderEthan BrownHeadquartersEl Segundo, California, U.S.Revenue$406.8 million (2020)5 more rows
Who is Beyond Meat competitors?
Here is an in-depth analysis of top Beyond Meats'competitors and alternatives:Impossible Foods.Cargill.Nestle.Hormel Foods.Quorn.Eat JUST.Oatly.Very Good Food Company (VGF)More items...
The plant-based food leader's sales are poised for a rebound
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What happened
Shares of Beyond Meat ( NASDAQ:BYND) jumped 10% on Monday, following bullish analyst remarks.
So what
Bernstein analyst Alexia Howard lifted her rating on Beyond Meat's stock from underperform to outperform. She sees the alternative-meat company's shares climbing to $130, or about 11% higher than their current price near $117.
Now what
Even after today's gains, Beyond Meat's stock is down roughly 15% over the past year. Yet with vaccinations ramping up and more people choosing to dine out once again, the company's sales could soon head sharply higher.
A short squeeze for the ages for GameStop stock seems to be motivating investors to pick up shares of other stocks with high short interest
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What happened
Shares of Beyond Meat ( NASDAQ:BYND) soared on Monday morning, and I believe a short squeeze is the only logical explanation, as I'll explain in a moment. As of 11 a.m. EST, Beyond Meat stock is up 12%.
So what
For context, consider that Beyond Meat didn't report any news, it didn't file any documents, and -- as best I can tell -- there weren't any analysts publishing bullish thoughts on the stock. However, in my opinion, many new investors are just discovering what can happen when there's a lot of short interest in a stock, thanks to GameStop stock.
Now what
I would advocate against investing in Beyond Meat stock hoping for a quick buck while the squeeze -- if it is actually a squeeze -- plays out. That's because there's no way to tell how long the music will keep playing or how high the squeeze could send Beyond Meat.
What happened
Shares of imitation-meat stock Beyond Meat (NASDAQ: BYND) are valued almost beyond belief -- costing 88.5 times trailing sales at Tuesday's closing bell -- and infinity times the profits that Beyond Meat does not earn.
So what
Basically, the story goes like this: On June 28, the Russell 1000 index of America's 1,000 biggest publicly traded stocks will rebalance its portfolio.
Is Beyond Meat stock down?
Stock prices for Beyond Meat (BYND) have significantly dropped during the company's first quarter. According to NBC News, Beyond was down by $0.42 per share, which was approximately two times more than market analysts had anticipated. Shares also plummeted by 7.1 percent in the premarket. Despite more consumers turning to a plant-based diet during the pandemic, we have to wonder what is the leading cause behind the company's demise in the stock market.
Is Beyond Burgers healthy?
Additionally, many are starting to question if Beyond Burgers are truly healthy, despite the fact that a plant-based diet is proven to be healthier than one with animal products. Other companies are also starting to hop aboard the meat alternative train.
Is Beyond Meat vegan?
Vegans, vegetarians, and veg-curious eaters alike are familiar with plant-based meat alternatives such as Beyond Meat. The brand has become increasingly popular, creating meatless versions of classic restaurant creations, and selling burger patties in grocery stores, which can be prepared accordingly at home.
Is Beyond Meat healthier than meat?
According to Market Watch, many claim that the ingredients are too processed to be healthier than actual meat, although that isn't the case based on the fact that meatless diets include far less saturated fat and cholesterol. Much of this criticism, however, is coming from competitors.