"Beyond Meat ( NASDAQ: BYND) is up another 90% to $6.80 on a volume spike to 1.02 billion shares, as compared to its daily average volume of 69.7 million. All thanks to short covering, its latest expanded partnership with Walmart, and its addition to the Roundhill Meme Stock ETF. But again, be careful if you jump on the meme stock."
"With BYND, despite the run, the company is still a fundamental mess. It just posted a 20% year-over-year revenue decline, which missed by 9%. Net revenues are still falling. It's still wildly unprofitable, with losses posted for many of the last few earnings reports."
"Beyond may be in the spotlight for now, but this doesn't improve the company's shoddy fundamentals. The maker of plant-based meat alternatives continues to struggle with falling revenue and the same issues that have caused the stock to steadily decline since 2021. So, renewed enthusiasm is lifting shares higher for now. But that doesn't mean it will last, nor does it mean Beyond will become a success story."
Beyond Meat's shares jumped about 90% to $6.80 on a dramatic volume spike to 1.02 billion shares versus a daily average of 69.7 million. The rally was driven by short covering, an expanded Walmart partnership, and inclusion in the Roundhill Meme Stock ETF. Financial results remain weak: a 20% year-over-year revenue decline that missed estimates, continuing falling net revenues, and recurrent quarterly losses. The broader plant-based meat and seafood market has seen a 28% drop in unit sales and an 18% revenue decline over two years. Historical meme-stock rallies often reverse sharply, suggesting elevated risk.
Read at 24/7 Wall St.
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