Beyond Meat Inc (NASDAQ:BYND) shares are in the spotlight on Friday as the company launches a new product line, Beyond Immerse, which combines plant protein, fiber, antioxidants and electrolytes.
The stock’s decline also comes as broader markets are experiencing a mixed session, with the S&P 500 down 0.30% and the Nasdaq-100 falling 0.45%, indicating a challenging environment for many stocks today.
- Beyond Meat stock is feeling bearish pressure. What’s behind BYND decline?
Beyond Meat Enters The Beverage Category
Beyond Meat announced the launch of Beyond Immerse, a new beverage line available in three flavors: Peach Mango, Lemon Lime and Orange Tangerine. Each flavor offers two protein options, 10g protein with 7g fiber and 60 calories or 20g protein with 7g fiber and 100 calories, aimed at promoting muscle health, gut health and immune function.
The company says the product is available exclusively on Beyond’s direct-to-consumer site, Beyond Test Kitchen, for a limited time. This launch reflects Beyond Meat’s commitment to expanding its product offerings and tapping into the functional beverage market.
The Mixed Signals Behind BYND Stock
The stock is currently trading 1.3% above its 20-day simple moving average (SMA) but is 40.7% below its 100-day SMA, indicating a struggle to maintain momentum. Over the past 12 months, shares have decreased by 76.52%, and they are positioned closer to their 52-week lows than highs.
The RSI is at 50.89, which is considered neutral territory, suggesting no immediate overbought or oversold conditions. Meanwhile, the MACD is above its signal line, indicating a bullish momentum, albeit weak.
The combination of neutral RSI and bullish MACD suggests mixed momentum for the stock.
- Key Support: $1.00
Earnings Expectations For BYND Stock
Investors are looking ahead to the company’s next earnings report on February 25, with analysts expecting a loss of $0.11, down from a loss of $0.65 in the same quarter last year, and revenue of $63.05 million, down from $76.66 million from the same quarter last year.
BYND Shares Slide Friday
BYND Price Action: Beyond Meat shares were down 4.87% at 99 cents at the time of publication on Friday, according to Benzinga Pro data.
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