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Beyond Meat Inc. (BYND) live price

Discover historical price data for Beyond Meat Inc stocks and take your profit on price changes.

BYND

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16.43 USD -0.121583%
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Beyond Meat's stock has caused a stir among investors since the company went public. The company is considered one of the leaders in the production of meat substitutes. You can find out how promising this asset is for investing now by reading the BYND stock review.

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Basic information about the company

Beyond Meat is a publicly traded company that develops, manufactures, and sells plant-based meat substitutes. The company was founded in 2009 and is based in El Segundo, California. In 2019, Beyond Meat began its first international expansion by opening a manufacturing facility in China.

Beyond Meat is a public company whose shares trade on the Nasdaq under the ticker symbol BYND. Beyond Meat held an IPO in May 2019 and raised $241 million through a listing on the stock exchange. As of May 2020, its market capitalization was at about $6.8 billion. The corporation succeeded in part because of partnerships with major food companies such as Tyson Foods, McDonald's, and KFC. BYND has received investments from celebrities such as Leonardo DiCaprio and Bill Gates.

The company activities

Beyond Meat's business involves the development, promotion, and sale of plant-based meat substitutes. The company's products include burgers, sausages, ground beef, and chicken strips. One of its popular products is a pea protein, beet juice, and coconut oil burger that looks and tastes like ground beef. BYND also offers other plant-based meat products, including pork sausages, chicken strips, and beef breadcrumbs.

Beyond Meat sells its products through grocery stores, restaurants, and food service outlets. BYND products are sold in grocery stores, restaurants, and colleges. The company partners with major food companies such as Tyson Foods and Nestle. BYND products are also available through online retailers such as Amazon. Beyond Meat, products are currently available in more than 80,000 locations worldwide.

The latest news on the stock price

Beyond Meat, the stock continued to rise after the release of its second-quarter 2022 financial statements. Investors and analysts couldn't explain the reason for this growth, which continued despite disappointing financial results. The plant-based meat producer reported a drop in revenue and lower sales in certain regions. In addition, the company announced its intention to lay off 4 percent of its employees to cut costs.

On September 22, shares of many companies, including Beyond Meat, fell in price after the Federal Reserve announced that it was raising interest rates. The value of the securities of the producer of vegetable meat substitutes fell by 20%. The Fed also said it intends to raise interest rates in 2023 due to strong inflation. Such pressure from financial regulators could slow the rise in Beyond Meat's share price.

✅ Benefits of investing in Beyond Meat

  • A good sign for investors is the steady position of Beyond Meat stock in the stock market. Quotes continue to rise even as the company reports poor financial performance in certain reporting periods. This indicates that investors believe in the corporation's growth and see its stock as a promising asset.
  • BYND is committed to reducing the meat industry's environmental footprint. The company's products emit significantly fewer greenhouse gases than conventional meat products. In addition, BYND uses far less water and land than conventional livestock production. As the world becomes increasingly aware of the need for sustainable food production, BYND has positioned itself as a leader in the plant-based meat industry.
  • Beyond Meat has seen strong growth in recent years, with revenue increasing from $32 million in 2016 to $88 million in 2018. Since 2017, the company has been profitable on an adjusted EBITDA basis. Looking ahead, Beyond Meat is well positioned for further growth as consumer demand for plant-based meat continues to grow globally.

❌ Disadvantages of investing in Beyond Meat

  • Beyond Meat also faces competition from other companies, such as Impossible Foods, which could take market share away from it.
  • Another difficulty for investors may be that Beyond Meat's products are not yet available in all markets, and Beyond Meat may find it difficult to expand distribution. As a result, investors should exercise caution before investing in Beyond Meat stock.

Financial performance

The company ended the second quarter of 2022 with $255 million in inventory. During the three months, the meat substitute manufacturer's revenue declined 1.7% year over year to $147 million. This financial performance prompted corporate management to lower its net revenue forecast for the full year 2022. Previously, Beyond Meat had expected this figure at $560-620 million. After publishing its second quarter 2022 report, the company lowered its net revenue forecast to $470-520 million for the year.

U.S. sales were up 1% in the second quarter of 2022 compared to the same reporting period in 2021, while international retail sales were down 7%. On a positive note, Beyond Meat sold more than 14% more pounds of product compared to the second quarter of 2021. However, net sales per pound fell. The move was made by management to reduce the cost of meat substitutes to comparable animal protein costs.

Beyond Meat stock price forecast for 2023, 2025

Analysts predict that Beyond Meat stock will see an increase in price in the coming years. We conducted technical analysis on this asset, considering BYND's stock price as of October 5. At that time, Beyond Meat's stock was worth $15. Based on the technical analysis, we expect the price to rise to $17 in 2023. By 2025, this asset could rise to $60 if the company continues to ramp up product sales.

Answers to Frequently Asked Questions

How has the COVID-19 pandemic affected Beyond Meat's stock price?

In March 2020, Beyond Meat's stock was trading at $66. After the coronavirus pandemic began, quotes began to rise.

How does an individual invest in BYND stock?

To start investing in Beyond Meat stock, log into your personal DotBig account. To trade in the real stock markets, you need to fund your trading account and run your trading terminal. 

How has Beyond Meat's stock price changed over the past year?

BYND stock went from $100 to $15 from October 2021 to October 2022.

Can BYND stock be traded automatically?

Investors can use a trading signal service or trading robots to automatically trade stocks in the stock market. You can also sign up for a copy-trading platform to copy other traders' trades. 

What other food companies can I choose to invest in?

Food companies include Tyson Foods, Nestle, McDonald's, and Coca-Cola.

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