The stock was already down about 78 so far coming into the trading day, as the plant-based. As adverse economic conditions continue to shape the global food industry, it’s certainly something investors should keep a close watch on. Shares of the company fell nearly 10 Friday, dragging the company’s market value below 900 million. © Beyond Meat A new chapter?įollowing an overall challenging year for the plant-based industry, could 2023 usher in bold changes? Recently, Beyond’s chief competitor Impossible Foods announced it would launch a major marketing campaign to increase consumer awareness and drive sales – along with Beyond’s new targeted approaches, these initiatives could potentially make 2023 a year of comebacks for the industry. While long-term investors must place confidence and trust in Beyond’s management and growth plans, Nasdaq states, the company’s success ultimately depends on winning back favor with consumers by improving its products’ quality and offering more competitive pricing, among other motivational factors. But potential optimism around Beyond’s new strategy could spark a profitable short squeeze, Nasdaq says, noting the market’s current appetite for risk is high, and the stock’s volatility repels some investors while strongly attracting others.
Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.The company’s revenues declined 22% in Q3 in 2022 – and analysts are predicting a 25% Q4 decline when it posts earnings later this month. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright © Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Turning to Wall Street, Beyond Meat has a Moderate Sell consensus rating based on three Holds and five Sells assigned in the past three months. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. It seemed like this was just the type of company that investors were hungry for. A slew of problems have stalled the growth of Beyond Meat, once a darling of Wall Street whose top product became synonymous with plant-based burgers. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Beyond Meat entered the market in May 2019, boasting an initial 65 stock price. Overview page represent trading in all U.S. engages in the provision of plant-based meats. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright © FactSet Research Systems Inc. Fundamental company data and analyst estimates provided by FactSet. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes.
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