Previous close | 8.77 |
Open | 8.77 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 12.00 |
Expiry date | 2026-01-16 |
Day's range | 8.77 - 8.77 |
Contract range | N/A |
Volume | |
Open interest | N/A |
Beyond Meat's industry has been contracting for more than a year now, yet management still doesn't have a good grasp on where demand trends are headed. "We are disappointed by our overall results," CEO Ethan Brown said in an early November press release. Its gross profit margin did improve, rising to a 9% loss from an 18% loss.
Although it's pretty clear what it needs to do next, the clock is ticking on this perennial loss-making company.
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.