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Beyond Meat and Beyond All Expectations

In the age of growing in vegetarian diets and a surging number of vegan restaurants and brands, Beyond Meat’s existence is only too natural.

Founded by Ethan Brown, the Los Angeles-based producer of plant-based meat substitutes has been functioning with varying success since 2009. 10 years into its existence, the brand was preparing for its IPO. And not everyone was optimistic about that - as Beyond Meat's costs of goods sold continue to exceed its revenue as management "invested in innovation and growth of our business." Thus, in its latest IPO prospectus filing with the SEC, Beyond Meat didn't give any estimate of when it would reach breakeven or start to turn a profit.

 

To identify and beyond: Shares up more then 600% since IPO

source: https://www.ft.com/content/df314088-8b91-11e9-a24d-b42f641eca37

What happened on May 1st 2019 and especially what happened on the days and weeks after is already a legendary tale - Beyond Meat shares were intially traded at $25 with the IPO price of the stock tripling within 3 days, for a value of 4.4 billion.

By June, Beyond Meat shares extended gains to over 600% and their price only contuned to grow, reaching $174 at the middle of July.

What happened on May 1st 2019 and especially what happened on the days and weeks after is already a legendary tale - Beyond Meat shares were intially traded at $25 with the IPO price of the stock tripling within 3 days, for a value of 4.4 billion. By June, Beyond Meat shares extended gains to over 600% and their price only contuned to grow, reaching $174 at the middle of July. But what doe sthe future hold? To quote CNN Business: “The 7 analysts offering 12-month price forecasts for Beyond Meat Inc have a median target of 105.00, with a high estimate of 125.00 and a low estimate of 76.00. The median estimate represents a -39.72% decrease from the last price of 174.20”.

What’s most important - Tradeapp now offers you the great opportunity to trade Beyond Meat CFDs. And as every trader should know - CFDs on shares could prove useful when the prices go up and when they go down.

Sources:

money.cnn.com

ft.com
cnbc.com

 

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