We joined Yahoo Finance’s The Ticker on Tuesday, July 30 to discuss Beyond Meat’s earnings and valuation.
Beyond Meat (BYND: $201/share) has soared since entering the public markets, and is up over eight times its IPO price of $25/share. Its revenue growth, gross margins above 30% and positive operating income indicate the viability of the underlying business. However, can this business even begin to justify the market share gains and cash flow expectations baked into the soaring stock price?
This article originally published on July 30, 2019.
Disclosure: David Trainer, Sam McBride, and Kyle Guske II receive no compensation to write about any specific stock, sector, style, or theme.