Previous close | 0.0800 |
Open | 0.0800 |
Bid | 0.0000 |
Ask | 0.3500 |
Strike | 115.00 |
Expiry date | 2024-01-19 |
Day's range | 0.0800 - 0.0800 |
Contract range | N/A |
Volume | |
Open interest | 561 |
Could an interest rate cut give the stock a boost? For a company such as Beyond Meat, which incurs losses and burns through cash, a lower interest rate makes it easier for the business to grow, because it can take out loans at a lower rate.
Let's evaluate Beyond Meat's struggle for profitability amid likely reduced sales and substantial cost-cutting efforts.
Beyond Meat (NASDAQ: BYND) was a high-flying stock before and after the pandemic as consumers saw its plant-based meat as a healthy alternative to traditional meat products. Admittedly, the move to plant-based meat substitutes appeared promising. With that, the company launched its initial public offering (IPO) in May 2019, and Beyond Meat's share price quickly surged beyond the $25 per share IPO price to over $200.