My selected company comprise of Beyond Meat traded as BYND. The company operates in the food industry focused on the production of plant-based meat substitutes. The key products designed by the company are intended to emulate beef, chicken, and pork sausages.
Figure 1: BYND Financial Statements – Income statements (a).
(Source: Yahoo Finance, 2021).
Figure 2: Financial Statements: Income statements (b).
(Source: Yahoo Finance, 2021).
Figure 3: Balance Sheet.
(Source: Yahoo Finance, 2021).
Figure 4: Cash flow.
(Source: Yahoo Finance, 2021).
Figure 5: Stock price analysis 2019/20.
(Source: Yahoo Finance, 2019).
The selection of Beyond Meat, Inc. (BYND) operated in NasdaqGS is informed by the fact that I am a vegan and strongly advocate for the course presented by the company. Currently, the company’s stock price operates at $134.61 (-0.60 equivalent to -0.44% drop). Compared to its highest stock price as of July 26th, 2019 at $234.900 and the lowest price as of March 19th, 2020 at $57.330, the company has maintained a steady growth. The current price is, however, a drop from the recent performance of the company attributed to a number of factors such as COVID-19 and its impact on the market.
My selection of the company is informed by its profound potential to gain traction and competitive capacity in the future. As more people become environmental conscious and need for the protection of animals and consumption of organic products, vegan food is bound to become more popular. This presents a potential boom for the company’s sales of its products across the food industry. Therefore, it presents a major investment opportunity and potential returns.
