Is Beyond Meat Stock Beyond Repair?
Beyond Meat (NASDAQ: BYND) stock has experienced a wild ride over its trading history. The stock of the plant-based meat producer, which almost reached $240 per share soon after its May 2019 initial public offering (IPO), now sells in the $6 per share range as of the time of this writing.
Moreover, the stock's most recent earnings report showed a trend of continuing declines as consumption decreases. Considering the deteriorating business conditions, does this mean a comeback is out of the question for the food stock? Let's take a closer look.
Investors and consumers alike were once excited about Beyond Meat's new offering, a meat-like product made from plants. This means consumers could presumably enjoy a vegan food product that provides a meat-like experience without the environmental and health effects involved in producing and consuming meat based on animal proteins.
Source Fool.com
