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the impact of rising plant-based meat competition and/or weak consumer demand due to either high price, disappointing taste, or health concerns," CFRA analyst Arun Sundaram wrote in a note on Friday.īeyond did share one bright spot for sales during the quarter: an international customer accelerated orders. The plant based meat company saw its shares rally more than 9 on the day, even after backing a. EV / Earnings, n/a Financial Position Current Ratio, 9.13. "In our view, BYND has yet to fully grasp the underlying issues impacting its results, particularly as it relates to differentiating Covid-related issues vs. Drew Angerer One of Thursdays biggest winners in the market was Beyond Meat ( NASDAQ: BYND ). Share Statistics Shares Outstanding, 64.23M Valuation Ratios. Real time Elders (ELD) stock price quote, stock graph, news & analysis. stock price is closed at 10.91 with a total market cap valuation of 700.71M (44M shares outstanding). The Beyond Meat stock price may drop from 14.800 USD to 0.000001 USD. A Pennsylvania facility lost potable water for two weeks and another suffered water damage to inventory after severe weather, Beyond said. Real time Elders (ELD) stock price quote, stock graph, news & analysis. The Beyond Meat stock price is 14.800 USD today. Operational challenges also hurt its results. Will Beyond Meat Stock Recover Beyond Meat (NASDAQ:BYND) once appeared to be on the verge of popularizing an entirely new type of food. Beyond Meat also said it has entered an equity distribution agreement with Goldman Sachs. Last trading at 10.26, Beyond Meat's stock has slumped from highs of over 239 in the months following its July 2019 initial public offer, among Wall Street's hottest listings that year. By September 2022, the stock price had fallen to an all-time low. Labor shortages also likely delayed distribution expansion and shelf resets, the company said. Beyond Meat tumbles to new low after seeking to raise 200 million. is a Los Angelesbased producer of plant-based meat substitutes founded in. Beyond said a Canadian distributor decreased retail orders for longer than expected as its restaurants reopened, and it had expected incremental orders that didn't materialize after one of its large customers changed distributors. The company said multiple factors caused the lag in sales, including the impact of the Covid-19 delta variant. The stock has fallen 25% this year, giving it a market value of $5.9 billion. On this news, the price of Beyond Meat stock declined by 5.88 per share, or nearly 8. Then, on December 9, 2021, multiple media sources reported that Taco Bell had cancelled a planned test of Beyond Carne Asada due to ongoing quality concerns. Personal Loans for 670 Credit Score or Lowerīeyond shares were recently down nearly 14%, after falling as low as $91.55. In response to this news, the price of Beyond Meat stock declined by 3.01 per share, or over 3.5. engages in the provision of plant-based meats. Personal Loans for 580 Credit Score or Lower View live Beyond Meat, Inc chart to track its stocks price action. Beyond Meat was founded in 2009, in Los Angeles, CA.Best Debt Consolidation Loans for Bad Credit The success of their breakthrough innovation model and products has allowed them to appeal to a broad range of consumers, including those who typically eat animal-based meats, positioning them to compete directly in the $1.4 trillion global meat industry. Their brand commitment, 'Eat What You Love,' represents a strong belief that by eating their plant-based meats, consumers can enjoy more, not less, of their favorite meals, and by doing so, help to address concerns related to human health, climate change, resource conservation and animal welfare. They build meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating our plant-based meat products. What happened Shares of Beyond Meat ( BYND 3. Beyond Meat is one of the fastest growing food companies in the United States, offering a portfolio of revolutionary plant-based meats. Current Price 12.41 The plant-based meat company issued a stark warning to investors.