What is Beyond meat?
Beyond Meat is a meat alternative plant-based company that provides vegetarian meat in many parts of the world. This company was established in the year 2009 by Ethan Browns. The establishment was not easy because nobody likes to replace meat with any other food material. With the increasing awareness of vegan meat, this company started its dream run.
In the last few years, the performance of Beyond meat has been exceptional in the stock market and also in their stores. This company targets bug firms which are intending to provide healthy veg products at a cheap rate. In the last few months, there has been an evident drop in the stock market rates of Beyond meat.
You can see that NASDAQ BYND is not performing well, and its stock price is falling. There are many possible reasons behind this which should be known to you. Therefore, in this article, we will take a look at some possible reasons behind the fall of stock prices of Beyond meat.
- Covid-19 Pandemic
We all know that Coronavirus has hit us very hard with its full force. There is nothing we can do to throw that away because the vaccine is still not made. There have been many tests and trials of the perfect vaccines, but the solid one is still due. Initially, many countries announced lockdowns, where nobody was allowed to go outside without a probable cause.
Every hotel, food stores and also stores like McDonald’s and every other food entity were forced to shut down. Beyond meat is all about providing veg meat to these entities all over the world. As a result of lockdown and cloud-19 pandemic, the styles of Beyond meat were heavily struck. There was no coming back because it was a universal issue that was not stopping.
- Failed Attempt with McDonald
Beyond meat recently tied up with the market giant McDonald to provide their customers with a great healthy veg menu. This menu was totally dependent on the veg meat provided by beyond meat. McDonald was ready to give it a goal and also stated to produce their beg products. Initially, it didn’t receive much of a loss because of increasing awareness of veg products. In the later run, Mc Plant was totally flipped and also the sales were not upto the mark. You can still find these products in McDonald’s.
- Cautious Investors
As soon as the stock rates went down, the cautious investors went back. The stock investment suffered a huge setback, and the rates were decreasing. The Q3 analysis states that a loss of 28 cents on each share. This is a heavy loss, and as a result, the stock rates came down. If you want to invest in this stock, you can check its news at https://www.webull.com/newslist/nasdaq-bynd.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.