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BEYOND MEAT INC

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$BYND Beyond Meat Inc FLOAT SHORTED: 45.82%NASDAQ:BYND Beyond Meat Inc FLOAT SHORTED: 45.82% entry PTs 6.35 (Buy date: 22 Dec '23) --> 2nd entry PT 5.30 (Buy date: 23 Jan '24) Target PTs 9.65 --> 6.35 --> 8.80 --> 5.30 --> 13 Beyond Meat, Inc. develops, manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club, convenience, and natural retailer channels, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.
NASDAQ:BYNDLong
by BADQOMOCAWGOWLD
BYND - Going to zero or one to watch?Going bankrupt is always an option. This is purely a technical view. If it isn't going to zero, it certainly is looking interesting from an Elliott Wave point of view. From 240$ to 6$ is quite the drop. With the proposed count, the last wave 5 could be done or we might be in a last wave 4 before another push down. Here's a count of the last wave, that would be done: And a fitting count on the 1h for the move from the low: Building a bottom can take a while though and fundamentals don't appear to be that great. On the other hand this is one of those highly shorted stocks, so a short squeeze is also a possibility. Unfortunately I'm not privileged to have insider information that would allow me to time such a thing ;)
NASDAQ:BYNDLong
by TophatPandaMagician
13
$BYND Beyond SavingIn recent years, plant-based food products have become mainstream due to their alleged benefits that far outweigh those of normal meat. With this growing hype, several plant-meat producers capitalized on this interest by making their public market debuts, including Beyond Meat, Inc. (NASDAQ: BYND). However, the tides are changing, and interest in plant-based food is starting to fade due to a combination of poor taste, health implications, as well as a higher price than normal meat. This changing environment has led Beyond Meat to suffer from declining revenues and mounting losses. With that in mind, the company appears to be in a similar position to another plant-based food producer – Tattooed Chef – that filed for bankruptcy last June. As such, there is a possibility that the company may go bankrupt by 2025 if it doesn’t show material improvements in its financial performance, which is why investors could find taking a short position in BYND stock a profitable decision. BYND Fundamentals The Fall of Veganism? From burgers to turkey, imitation meats are everywhere. While these products were extremely hyped, especially at the onset of the pandemic, fake meat popularity has been trending downwards. As a result, fake meat producers like Beyond Meat have been suffering from low demand for their products, negatively impacting their realized revenues and margins. This suffering was exacerbated by the Fed’s policy of hiking interest rates to curb inflation which had a major impact on consumer spending. Fake meat is priced as a premium product. According to Nielsen data, fake meat is 2 times as expensive as beef, 4 times as expensive as chicken, and 3 times as expensive as pork. Therefore, it’s no wonder that Beyond Meat’s revenues have been in a free fall since last year. But that’s not the only reason for the low demand for plant-based food. The number of vegans and vegetarians is actually declining in the US. A recent Gallup consumption habits poll demonstrated that 4% of Americans identify as vegetarian and 1% as vegan. These figures are down from 5% and 3%, respectively, from the last poll in 2018. A reason behind this decline in veganism and vegetarianism could be the current macro conditions. As is, the Gallup poll found that the majority of vegans and vegetarians are lower-income adults as they are 7% more likely to be vegetarian compared to 4% of the middle class and 3% of the upper class. This means that Beyond Meat has a very small addressable market. Fake Meat Won’t Substitute Real Meat Not only that, but vegans and vegetarians don’t like to eat meat which makes the concept of fake meat not appealing to them. In fact, studies suggest that the greater the number of consumers familiar with plant-based products, the fewer the individuals who will seek products that are similar to meat from a sensory point of view. This means that vegetarians and vegans aren’t seeking meat sensory properties in plant-based products, deeming them unattractive to this population. Meanwhile, for omnivore consumers, fake meat lacks the taste and flavor of real meat. To quote senior analyst at Insider Intelligence, Rachel Wolff, “Consumers in the U.S. haven’t fully warmed up to plant-based protein alternatives like Beyond Meat… because the products … don’t live up to shoppers’ standards for taste and flavor.” With that in mind, there is a reason why fake meat doesn’t have the same taste or texture meat eaters are looking for. Few plant products have the same chewy texture as meat, and when cooked plant and animal proteins react differently. The Maillard reaction is what gives cooked foods their smell, flavor, and brown color. When heated to a high temperature, amino acids and sugars on the surface of food rearrange themselves, releasing flavor and aroma compounds in the process. The higher the concentration of protein, the more flavor compounds are released, and the higher the sugar concentration, the more aroma compounds there will be. The meaty aroma comes from the release of compounds like thiazoles or thiophenes during high-temperature dry cooking. While these compounds can be found in plants, the plant aroma substitutes are harder to find. Therefore, it is very unlikely for a plant-based meat substitute to replicate the same experience as eating real meat for omnivorous individuals, which is why Beyond Meat’s focus on attracting the omnivore population to its products is head scratching. Marketing Woes Given the declining vegan and vegetarian population, as well as meat substitutes not providing the same experience to omnivorous consumers, Beyond Meat resorted to a solution to stimulate demand. Steeper discounts. Despite that, its Q3 revenues came at $75.3 million only, representing an 8.7% YoY decline and a 26.2% sequential decline. Another marketing strategy Beyond Meat is implementing is combatting misinformation regarding the health implications of plant-based substitutes. In the Q3 earnings call, management stated that the percentage of US consumers who believe plant-based meat is healthy has possibly dropped this year from 38% in 2022 and 50% in 2020. This is why the company’s focus on targeting omnivores may be irrelevant to future demand due to the aforementioned reasons why meat substitutes don’t provide the same experience as eating real meat. Instead, Beyond Meat should focus more on catering to the vegan and vegetarian populations. That said, this is where Beyond Meat’s business is limited. The company’s products fall under the “ultra-processed” category which the majority of vegans and vegetarians avoid. As is, both populations are more focused on healthy food with simple ingredients, not ultra-processed food that is associated with weight gain and health problems. Although the long-term implications of consuming industrially produced vegan products on a mass scale are still unclear, fear of the unknown may lead the health-conscious population, of which vegetarians are a majority, to avoid these products. Beyond Bankruptcy With demand in free fall and mounting losses, a Chapter 11 filing may not be a far reality for Beyond Meat. While the company generated free cash flow in Q3, management guided that positive free cash will not be sustained in the coming quarters. As such, the company would be burning cash to maintain its operations. With $217.5 million in cash on hand, it appears that the company may have to raise capital in 2024 to continue funding its operations going forward. That said, Beyond Meat is currently taking cost reduction measures to help improve the losses, including 65 job eliminations to save up to $10.5 million in operating costs in 2024. However, this may not help the company financially. Beyond Meat’s main issue is that it’s losing money on each sale, an issue that could continue hampering its prospects with its discounting strategy. Therefore, reducing operating costs may only be kicking the can down the road. But even if Beyond Meat manages to stay afloat in the coming years, it still has a $1.1 billion debt mountain maturing in 2027. These convertible notes have a conversion price of $206 per share, so it’s unlikely noteholders will convert their notes into shares considering its current share price of $6.4. This means that the company has only 2 options to deal with this upcoming debt which are generating more than $1.1 billion in cash flow or refinancing. However, it is unlikely Beyond Meat would be able to do that since generating $1.1 billion in cash flow over the next 3 years would require its margins to improve substantially from the negatives. This appears to be a long shot at this point since posting solid margins requires more production which would result from more demand for its products. Meanwhile, refinancing may not be appealing to noteholders since the company’s failing business doesn’t instill confidence in its ability to exist beyond the debt maturity. Based on this, filing for bankruptcy may be the only relief for Beyond Meat which was the case with another plant-based food producer – Tattooed Chef – earlier this year. In that case, Beyond Meat’s shareholders would be left with nothing since its $1.2 billion in liabilities far outweigh its $929.2 million in assets, meaning that noteholders will assume control of the company. Risks The only risk to this bearish thesis is Beyond Meat’s short squeeze potential. Currently, the stock’s short interest is high at 42.88% which makes it prone to unjustifiable runs similar to its 15% run on its disappointing Q3 earnings. Technical Analysis BYND stock is in a neutral trend as it is trading in a sideways channel between $6.36 and $7.81. Looking at the indicators, the stock is below the 200, 50, and 21 MAs which is a bearish sign. Meanwhile, the RSI is neutral at 41 and the MACD is bearish. As for the fundamentals, there is a strong possibility that BYND stock could file for bankruptcy given that management expects the company to continue burning cash in the coming quarters. With dwindling demand for its products, the company is expected to continue operating at negative margins, and with $1.1 billion in debt maturing in 2027, its chances of being able to pay off this debt appear to be slim to none. In light of this, investors could wait for the stock to test the $8 level, which could occur due to a potential short squeeze, in order to enter a short position in the stock. BYND Forecast Plant-based foods are no longer the trend they were in recent years. With interest rates at multi-decade highs and their premium pricing, there is simply not enough demand for them. With that in mind, it is unlikely that demand for these products will rebound to pandemic levels due to the declining vegan and vegetarian populations. In this way, Beyond Meat’s financial woes may continue in the coming quarters, and with its dwindling cash balance, it may join Tattooed Chef in the ranks of bankrupt plant-based food producers. It is for this reason that I’m giving Beyond Meat a strong sell rating.
NASDAQ:BYND
by Penny_Stocks_Today
Beyond Meat Bottom Pattern Formation SpottedHi Guys! This is a Technical Analysis on Beyond Meat (BYND) on the 3 Day Timeframe. I believe we are in the process of forming an Inverse Head & Shoulders Pattern. Currently in the process of solidfying the Right Shoulder. Which i believe will/ can take couple weeks to form before rallying past neckline. So far every part of this pattern has been textbook. SUCH THAT -> Every part of the Head & Shoulders that formed, the VOLUME has reacted a specific way. Stages of the Price Action 1. Downtrend to form Left Shoulder 2. The rally from Left Shoulder does not breach the Neckline 3. Downtrend from peak of rally to form Head 4. The rally from the Head also does not breach the Neckline 5. Downtrend from Peak of Head rally to form Right Shoulder 6. The rally from the Right Shoulder breaches and moves above the Neckline 7. A Return move from the breakout back to Neckline 8. Test of Support and a bounce from here going above the peak of Right Shoulder Rally So far we've hit Stages 1-4. We are currently in the process of forming the Right Shoulder and completing stage 5. We need to pay attention on the completion of the Right Shoulder and the next stages of the Inverse Head & Shoulder, particularly this next potential RALLY. It MUST Breach and move above the NECKLINE. Volume Signs of Textbook Inverse Head & Shoulder 1. Left Shoulder has taller volume bar (higher volume) than Head Volume 2. Lighter volume or shorter bars seen for Head than Left Shoulder 3. The rally from Head has increasing volume that exceeds volume of the rally from left shoulder to neckline 4. Downtrend to Right Shoulder -> shows a declining volume bar height / declining volume After the formation of the Right shoulder we need to see: 1. Sharp Spike on Volume during rally from Right Shoulder to Neckline breakout 2. Declining Volume during the Return Move So far so good. And we need to continue to pay attention to make sure all the criteria is being hit. Now targets for Right Shoulder Rally, is hard to tell. BUT the previous rallies could not pass the RED RESISTANCE ZONE. So im thinking we can move into it but we dont get ABOVE it. We need to watch the VOLUME -> there has to be a sharp spike on volume during this rally. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on BYND in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy
NASDAQ:BYND
by SafofAllTrades
3
Beyond Meat Chance for more Turmoil ExistsHi Guys! This is a Technical Analysis on Beyond Meat (BYND) on the 3 Day Timeframe. Ive been following BYND for a long time, trying my best to scope out a BOTTOM. This is an UPDATE to my ongoing analysis. So check out my other charts below for more context. **Note: Our Current Candle has just begun today 08/14/23 and will close on 08/17/23 We were doing well until we got rejected by the MAJOR RESISTANCE ZONE (Red zone) Even after we got rejected we did well staying ABOVE the 50 SMA. But we were not able to sustain SUPPORT and fell through. We also broke back down below the MAJOR RESISTANCE Trendline from June 2021. Until proven otherwise, the breakout ABOVE this trendline is now a FAKEOUT. It is absolutely CRUCIAL we get ABOVE this TRENDLINE this WEEK to continue our Trend change attempt. And also get back above and confirm SUPPORT on 50 SMA. The Longer we stay below the chance of further PRICE DECLINE is more PROBABLE. This can be a Good and Bad thing. Bad especially for those who have bought BYND at higher prices. But very good in the sense that it would create a sense of no return. This can lead to a necessary capitulatory event where people basically give up, laying the foundation for prices to finally start increasing. The next levels to watch are the labeled SUPPORT areas: 1. RED Support TrendLine 2. Black Resistance tuned SUPPORT trendline 3. MOST IMPORTANT -> Horizontal Support line labeled MAJOR SUPPORT 4. Last defence = Dashed Red Support Line -> If we do break & CONFIRM below the RED Dashed line, this would be the Capitulation event where everyone gives up. COuld be a potential scenario to go LONG. It also would, provided the indicators match/support the pattern, STRENGTHEN the BULLISH DIVERGENCE thats forming. (For more info on the DIVERGENC, look at my previous charts on BYND BELOW) Now with our Indicators, there are clues in the history that indicate and support further turmoil. Notice our STOCH RSI We are currently in a BEARish move down to 20 level. The last 2 times we reached here, we stayed below the 20 level for 59 days and 56 days. This caused prices to drop significantly. We would need to have a quick BULLISH cross and move back upwards or not stay below for extended period of time. Along with the STOCH RSI, pattern in the RSI when found in correlation with identified pattern in STOCH RSI supports the PRICE DECLINES. -> The pattern is when the Orange RSI line crosses below the BLACK line and stays below for extended periods can hint at price DECLINES. Stay level headed, wait till the end of the Week for Clarity. There is always a chance we get back above and continue upwards. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on BYND in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:BYND
by SafofAllTrades
BYND is signaling a reversal LONGBYND on the 15 minute chart has been in a VWAP band breakdown finally slowing down with the ranging of the candles transitioning from wide body candles into ones more narrow. Earnings were a very mild beat in the thick of the fall as apparently traders expected more. The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual time frame RS Indicator shows low green TF and higher black TF low in the range but holding over 20-25. Relative to the fall of price this is hidden bullish divergence. My analysis is that this is BYND at the near term bottom awaiting my long reversal trade. I will target 15.4 and 16.3 from the upside VWAP lines. If you are interested in my idea for a call option trade please leave a comment. If you find the idea helpful please leave a like or even a follow.
NASDAQ:BYNDLong
by AwesomeAvani
1
BYND - Signs of +(ve) Trend Reversal An update on BYND, a stock ive been watching. I have put out some ideas on it potentially bottoming out and this idea is an update on my previous thoughts. This analysis is on the 3D chart ALSO NOTE: Current 3D candle will close AUGUST 1st. I've split my thoughts into Bullish/Bearish sections, Lets start with the GOOD NEWS first! BULLISH THOUGHTS Currently we have 5 candles above the MAJOR resistance line that formed June 2021. If you look at my previous charts, you'd notice that interacting with it, drove BYND down to its current prices. THIS IS A VERY BIG ACHIEVEMENT in my opinion. Currently, indicating to me that we have attempted a trend change and have SUCCEEDED. Which would also point to the idea that we have most likely BOTTOMED out. HOWEVER, it is VITAL that we stay above this line and have it act as SUPPORT. There is a possibility of price moving down to touch the BLACK line, if it does we need to see how it reacts. NOTICE also the BLUE Moving average, this is the 42 EMA which has converged exactly where the RESISTANCE turned SUPPORT line is, adding another layer of SUPPORT. This is good to see as well, with the current 3D candle forming a LOWER WICK. This shows buying pressure or power. Notice also the GREEN Horizontal line, adding a 3rd layer of SUPPORT. Lets now look at the RSI -> Notice how we've broken above the upper BLACK horizontal line and testing it as SUPPORT. It is crucial that it acts as SUPPORT and we stay above it. If so, BULLISH CONVERGENCE is at play, which could help us break through the RED RECTANGLE ZONE. STOCH RSI -> Notice the curving occuring, indicated by green line. It would be great to see it curve and move back up above the 80 level. This would indicate bullish momentum coming back in. We don't want it to continue down. MACD -> Notice how the size of the RED histograms have shrunk. This shows waning BEAR momentum. I would like to see more green bars print, bigger in size. Also notice the BLUE/ORANGE lines are now above the 0 level. This is a bullish sign, i would like to see it continue up and have more of a slope up as well. BEARISH THOUGHTS Notice the RED RECTANGLE ZONE and upper BLACK RESISTANCE line. We have been REJECTED from the RED ZONE and the BLACK line has helped to push us down. We are also within a DESCENDING TRIANGLE, indicated by green horizontal line and BLACK RESISTANCE TREND LINE. These normally break to the downside. It could push our price below the MAJOR RESISTANCE LINE, taking us all the way down to the LOWEST BLACK LINE. RSi is testing very important SUPPORT. We need to absolutely stay above for the BULLISH DIVERGENCE to play out. STOCH RSI has crossed below the 80 level, which indicates bearish momentum. This could give the DESCENDING triangle "juice" to play out. Again, its crucial STOCH curves back up. MACD, blue/orange line behavior doesnt look strong at the moment, in my opinion. I would like to see it slope up more and begin to move higher up. That momentum can be enough to push price up RED ZONE. WE absolutely do NOT want Orange line over the Blue cross, this would indicate downward pressure, could give DESCENDING TRIANGLE fuel to break down. We also don't want LIGHT GREEN HISTOGRAMS to print, as it also indicates LOSS of BULLISH momentum. CONCLUSION: BYND is ABOVE the MAJOR RESISTANCE, that played a huge part in pushing prices down. On top of that the 42 EMA is converging to add extra layer of SUPPORT. Until PROVEN OTHERWISE, we have SUCCESSFULLY completed a MAJOR TREND REVERSAL, and may have BOTTOMED OUT, in my opinion. In the days to come we have to stay above the 42 EMA (BLUE), and BLACK LINES, maintain above the BLACK HORIZONTAL line in RSI, stay above the 0 level on MACD and more. If things, continue to stay above, probability of getting above RED ZONE increases signficantly. However remember there is always a chance of the opposite occuring, trading is not a game of certainty, thats why it is important ot continuously observe the charts to look for new clues. Keep an eye on the PRICE ACTION staying above our SUPPORT zones, DESCNEDING TRIANGLE, STOCH RSI and other bearish signals. TRADE IDEA: DESCENDING TRIANGLE: 1. Break below = take a SHORT 2. break above the BLACK line, take a long -> Approximating Target of upside or downside, measure the base (green line) to the upper part of black line, (remember this is an approximate target, it doesnt have to hit target exactly) TESTING BLACK SUPPORT LINES If you see price come back down, we will most likely test the BLACK LINES, which could be potential BUY ZONES YELLOW SUPPORT LINE: If we find our selves back here, this is MAJOR BUY ZONE, in my opinion. You can even DOLLAR COST AVERAGE STOP LOSS "Below the MAJOR RESISTANCE LINE" "Below 42 EMA" THANK YOU for taking the time to check out my IDEA! If you liked what you read, please do support me by FOLLOWING, BOOSTING and COMMENTING on what your thoughts are! DISCLAIMER: I am NOT A FINANCIAL ADVISOR. This is by no means FINANCIAL ADVICE. Everything expressed is my opinion and for educational purposes. When trading always set your own strategies, focusing majority of time on risk management. Protect yourself with stop losses! CHECK OUT MY PAST BYND IDEAS BELOW**********
NASDAQ:BYNDLong
by SafofAllTrades
BYND- Is there more meat on the bone?BYND has had a good trend up over about 15 days rising about 40% over the interval. The question that arises is whether the trend is now near to a top and so consolidation or reverse or instead can it continue higher? The indicators may give a hint on the 4 hr chart which being a higher time frame has better reliability than a low TF. About a week ago price crossed over the mean VWAP anchored to the beginning of the year. This demonstrates bullish momentum and concurs with the other indicators. Professional traders see the VWAP as an " over/under" of sorts something well known to sports betters. The Lorentzian Indicator which uses machine learning an many parameters including moving averages, average directional index, RSI and CCI printed a buy signal on June 23rd and has not yet printed a corresponding sell signal. The MTF RSI by Chris Moody shows both TFs with RSIs in the 65-70 range showing BYND not to be overbought and overvalued. The MACD indicator shows the K and D lines in parallel well above the positive histogram. There is no the suggestion of an impending line cross. Fundamentally, BYND products have not inflated to the extent of beef, port and chicken. Overall, I see an opportunity for a long trade. I will drill down to the 1 to 5 minute time frames and look for a pivot low. The target is about 50% upside at $22.5 the pivot high of this year in March. I will take partia profits along the way while raising the stop loss in lockstep with those profits as an effective risk management exercise.
NASDAQ:BYNDLong
by AwesomeAvani
BYNDBeyond Meat, One of the most shorted stock in the US market. It is clear the had difficulties to ramp up the production and to expand their business, still waiting the beyond burger at McDonalds. BYND has a quite interesting chart pattern. • A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks. • Stock is going to catch up the ema 200 • Orderly consolidation with higher lows & tightening range: • RDM, VCP • Stocks surfs the rising EMA 10 or the EMA 20, and sometimes the EMA 50 • Volumes are significative compared to previous phase • Volumes are strong I would like to watch a breakout with strong volumes show some short sellers covering their positions. The Company is not dead , the tide seems rising !!!
NASDAQ:BYNDLong
by NicolasPT1