2023 Was a Bad Year for Beyond Meat Stock: Could Next Year Be Even Worse?
The last few years have been rough for Beyond Meat (NASDAQ: BYND). The plant-based meat stock hit a peak in early 2021 but has since been in a major downward trend, with shares falling 94% in the last three years.
After flooding the market with innovative plant-based meat products, Beyond Meat and other fake meat companies have seen customer demand dry up. Sales are declining, and the company is losing a lot of money. This combination has turned most investors sour on the stock, with an estimated 44% short interest as of this writing.
Beyond Meat stock has gone through three straight poor years. Can 2024 be the year it finally turns the corner? Or is this stock headed even lower from here? Let's take a look.
Source Fool.com
