10 Reasons to Sell Beyond Meat Stock
Beyond Meat's (NASDAQ: BYND) stock hit an all-time high of $234.90 in July 2019 as the bulls gushed over the growth potential of its plant-based meat products. But today, it trades at about $21. Some contrarian investors might be tempted to nibble on Beyond Meat at these depressed levels, but I believe it's still smarter to sell it for 10 simple reasons.
Beyond Meat expects its revenue to grow just 1%-12% this year, compared to its 14% growth in 2021, 37% in 2020, and 239% in 2019. It blames that slowdown on inflation, which has curbed the market's appetite for pricier plant-based meat products. Its sales in Europe also fell sharply in the first half of 2022 and erased all its growth from 2021.
Image source: Beyond Meat.
Source Fool.com
