Why Beyond Meat Shares Were Slumping Today

Despite the decline in recent weeks, Beyond Meat stock remains dearly valued at a price-to-sales ratio of close to 40 based on this year’s expected revenue. This valuation puts it in a league with start-up biotech stocks and some high-priced cloud stocks. Media coverage continues to be overwhelmingly positive for Beyond Meat and its rival Impossible Foods, indicating that the outstanding growth they’ve seen lately should continue at least for the immediate future, but the valuation concerns aren’t going away anytime soon.

Source: Why Beyond Meat Shares Were Slumping Today – Nasdaq.com

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