Beyond Meat hit a high of $194.95 but now trades at about $22/share.

BYND Stock Price | Beyond Meat Inc. Stock Quote (U.S.: Nasdaq) | MarketWatch

Challenges:

  • Product costs +70% more per pound than genuine meat
  • Consumers turned off by high prices
  • Sales have been below expectations
  • Company has laid off workers
  • Company has signed distribution agreements with various restaurants but unknown if customers are buying and then continuing with future purchases.
  • Sustainability: We tried Beyond Meat. It was interesting. But not sustainable as we did not return and buy more.
  • High prices during high inflation and recession, revenue down year over year, a company with huge debt, in a declining market, and possibly in a passing fad market. They’ve got cash to keep running for a while, with hopes for a market turnaround or they are bought out.
  • Seeking Alpha thinks Beyond Meat is beyond saving, noting the entire synthetic meat category has been receding for a time now.

By EdwardM