|Bid||1,357.61 x N/A|
|Ask||1,409.00 x N/A|
|Day's range||1,373.00 - 1,390.03|
|52-week range||1,373.00 - 4,240.00|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Beyond Meat (NASDAQ: BYND) fell by 29% in November, according to data provided by S&P Global Market Intelligence. The decline has extended the fall in the plant-based meat producer and distributor's share price to 44% year to date. In the U.S., net revenue declined by 13.9% year over year to $67.5 million due to lower overall demand coupled with supply chain issues.
Tuesday morning, global financial services mainstay HSBC Holdings initiated coverage on Beyond Meat shares. The company probably wishes the bank hadn't; analyst Jeremy Fialko put a reduce (sell) tag on the stock, at a $62 per share price target. Both privately held up-and-comers like Impossible Foods and publicly traded comestibles majors such as Tyson Foods have developed meat alternatives with a range of products.
Yahoo Finance Live discusses U.S. plant-based meat sales declining as low as 0.6% in 2021.