Beyond Meat stock has plummeted 98% since its 2019 IPO, despite a 1,400% surge in October due to meme stock traders. The company faces weak consumer demand and operational challenges. Shares rose 22% in the past week, but this doesn’t erase the long-term decline. Revenue dropped 13% in Q3.
Beyond Meat refinanced $900 million of its $1.3 billion long-term liabilities by issuing 318 million shares. A charter amendment increased authorized shares from 500 million to 3 billion, raising concerns about share dilution. The company is in turnaround mode, rebuilding distribution and cutting costs, but risks remain high for investors.
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Read more at Yahoo Finance: Should You Invest in Beyond Meat Stock?
