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Beyond Meat Stock Trending—Edges Lower In Pre-Market Amid Earnings Miss, Weak Q1 Guidance

Benzinga04-02 16:41

Beyond Meat Inc. (NASDAQ:BYND) shares are trending on Thursday.

On Thursday, BYND edged lower by 0.85% in pre-market trading to $0.6150 after fourth-quarter earnings missed estimates by 163.64%, marking its fifth consecutive EPS miss, while first-quarter guidance came in well below expectations.

The plant-based protein maker reported an adjusted loss of 29 cents per share against a consensus estimate of an 11-cent loss.

Beyond Meat also reported revenue of $61.59 million, missing the $62 million estimate and declining 19.7% year over year.

The company forecast first-quarter revenue of $57 million to $59 million, missing the $65.25 million analyst estimate.

Trading Metrics, Technical Analysis

Beyond Meat has a market capitalization of $282.04 million, with a 52-week high of $7.69 and a 52-week low of $0.50.

The Relative Strength Index (RSI) of BYND stands at 40.44.

Over the past 12 months, the stock has fallen 79.92%.

Currently, BYND is positioned very close to its annual low.

Price Action: The small-cap stock closed Wednesday's regular session down 11.57% at $0.62, according to Benzinga Pro data.

Benzinga's Edge Stock Rankings indicate that BYND has a negative price trend across all time frames.

Photo courtesy: Nadya Kubik from Shutterstock

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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