Beyond Meat’s shares plunge as analysts ask if firm is priced beyond its value [Los Angeles Times (CA)]
Beyond Meat, Inc. - Common stock (BYND)
Last beyond meat, inc. - common stock earnings: 2/27 04:05 pm
Check Earnings Report
Company Research
Source: Los Angeles Times
Beyond Meat’s shares plunge as analysts ask if firm is priced beyond its value Beyond Meat Inc.’s share price fell sharply Tuesday in the El Segundo-based fake-meat company’s worst day since its initial public offering, after previously bullish analysts threw in the towel. That paused a rally that has rocketed the stock more than 500% higher. JPMorgan Chase & Co.’s Ken Goldman and James Allen cut their recommendation on the stock to neutral from overweight, saying it’s now too expensive, with a $10-billion value that’s 27 times the company’s estimated 2020 sales. The two-day frenzy that lifted the stock 69% from Thursday’s close through Monday was too much, the analysts said. In response, Beyond Meat’s shares tumbled 25% to $126.04 Tuesday. J.P. Morgan had just upped its price target Friday by $23, to $120, but even that could not keep pace with the soaring share price. The shares had been priced at $25 for the IPO in early May. In a note to clients Tuesday, Goldman and Allen said the
Show less
Read more
Impact Snapshot
Event Time:
BYND
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BYND alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BYND alerts
High impacting Beyond Meat, Inc. - Common stock news events
Weekly update
A roundup of the hottest topics
BYND
News
- Goldman Talks With Private Credit for Beyond Meat Capital [Yahoo! Finance]Yahoo! Finance
- Goldman Talks With Private Credit for Beyond Meat Capital [BNN Bloomberg (Canada)]BNN Bloomberg
- Logistics Campus at former Allstate headquarters off to slow start, with plans for lab-grown meat plant on hold [Yahoo! Finance]Yahoo! Finance
- Beyond Meat, Inc. (NASDAQ: BYND) had its price target lowered by analysts at Mizuho from $7.00 to $6.00. They now have an "underperform" rating on the stock.MarketBeat
- Best Stock to Buy Right Now: Beyond Meat vs. Hormel Foods [Yahoo! Finance]Yahoo! Finance
BYND
Earnings
- 2/27/24 - Miss
BYND
Sec Filings
- 4/22/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- BYND's page on the SEC website