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News  ›  Investing.com

Beyond Meat Rebounds 596% but Long-Term Profitability Remains Out of Reach

Investing.com Logo Investing.com By Jordan Chussler
Beyond Meat Rebounds 596% but Long-Term Profitability Remains Out of Reach

Beyond Meat experienced a dramatic 596% stock surge in October, driven by a short squeeze reminiscent of 2021 meme stock rallies, despite ongoing financial challenges and lack of profitability.

Insights
BYND   negative

Company has not achieved profitability, experienced significant stock price decline from $234.90 to $1.84, reported declining quarterly revenue, and receives a consensus 'Strong Sell' rating from analysts