The post How to Buy Beyond Meat (BYND) Stock by Olivia Richman appeared first on Benzinga. Visit Benzinga to get more great content like this.
Beyond Meat (NASDAQ: BYND) aims to create “delicious plant-based” burgers, beef, sausage and more by using only plant-based ingredients. This is its way of addressing four global issues: human health, climate change, constraints on natural resources and animal welfare. Its research shows that a Beyond Burger uses less water, land and energy than a beef burger while also generating fewer greenhouse gas emissions.
While Beyond Meat is not alone in this mission of creating a tasty vegan burger, it is one of the leading companies in this emerging and trendy market. That’s helped the meat company earn a spot on many watchlists. Let’s take a look at how you can invest in Beyond Meat and buy Beyond Meat stock.
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How to Invest in Beyond Meat
Investors looking into viable meat substitutes may want to consider Beyond Meat. You can start investing in Beyond Meat by completing the following steps.
Pick a Broker
The first step for investing in Beyond Meat is to use a brokerage. You will not be able to invest directly with the company. The best brokerages usually have the lowest commissions but also have features that support you with research and education, such as stock screeners, analyst estimates and price targets. This information can help you make smarter investment decisions.
Evaluate Different Brokers’ Trading Platforms
Most online brokers offer their customers a virtual or demo account to evaluate their platform and practice trading without committing any funds. You can open accounts like this with as many brokers as you want to see how well each trading platform fits your needs. Trading platforms vary from broker to broker, and some include features you will not find with others.
Fund Your Trading Account
To purchase BYND stock and explore other meat alternatives trading on the stock market, you must deposit funds into a trading account. Depending on how much you budget for your stock purchase, you should deposit at least that amount into the trading account or the minimum deposit amount required by the broker, whichever is greater.
Keep in mind that each broker has its own rules for deposits and withdrawals. Most take credit cards and bank transfers for deposits, so make sure you have access to the right method for making deposits.
Buy Beyond Meat Stock
Put in a bid for BYND stock. Most brokers make it straightforward to conduct a buy order. You can choose to place a market order for immediate execution or a limit order if you want to buy BYND at your desired price point.
You may also want to closely watch BYND stock to get a feel for the market and determine an optimum price to buy at.
Another good idea is to check the news and listen to the most recent conference call. News can often affect the price of BYND stock and could provide a buying opportunity or signal that better levels may occur in the future. Conference calls give investors a better idea of the company’s future prospects.
A good way to determine a price level to purchase Beyond Meat stock is to analyze the stock with technical analysis to get a sense of the best entry price and time to buy. Once you have decided on the level, you can enter a bid at the market or at the lower price level you think is best.
Pros and Cons of Investing in Beyond Meat
Beyond Meat has strengths and weaknesses to keep in mind before entering a position.
Pros
- First mover advantage: While there is competition, Beyond Meat is the first company to introduce plant-based burgers in the growing vegan marketplace. For many vegetarians and vegans, it’s hard to forget that time you bit into a Beyond Meat burger and experienced that smoky, meaty taste and saw the red “blood” drip onto the plate. This kind of innovation makes an impact on the public, which in turn interests investors.
- Vegan market boom: Veganism is becoming more and more popular, with it being mainstream in a lot of major cities. The global vegan food market is estimated to be worth $24.3 billion by 2026, growing at a compound annual growth rate above 9.1% over the forecast timeframe. It’s safe to say that veganism is here to stay.
Cons
- The trend is new: Many financial experts are wary of Beyond Meat’s sudden success in the stock exchange. They are comparing it to similar food products that were deemed the next best thing, only to slowly lose the public’s interest. The fact that Beyond Meat’s vegan patty costs almost triple that of a regular meat patty may prove to be unsustainable for the average consumer.
- Rising competition: Even though Beyond Meat is the first of its kind, it has definitely inspired competition. Some of its competitors may soon steal its spotlight, including Impossible Burger, which is already available in many restaurants.
- Declining revenue: Beyond Meat has reported several consecutive quarters of revenue declines. Those developments have decimated the company’s market cap. It remains to be seen if CEO Ethan Walden Brown and the team can ignite a turnaround.
History of Beyond Meat Stock Price
Beyond Meat entered the market in May 2019, boasting an initial $65 stock price. It seemed like this was just the type of company that investors were hungry for and many took a big bite out of Beyond Meat’s plant-based product right away. Within three months, Beyond Meat saw its stock rise to $234 at its peak in July 2019. This made it one of the hottest and juiciest stocks of 2019.
But this healthy honeymoon didn’t last too long. By August of the same year, the stock price had dropped to $144, losing almost half its value even quicker than its rise to the top. While financial experts can’t pinpoint the exact reason for this sudden drop, many are pointing toward big-name competitors with cheaper-priced stocks and products.
In January 2021, Beyond Meat shares traded higher after the company announced a joint venture with PepsiCo Inc. (NYSE: PEP) to develop, produce and market snack beverage products made from plant-based protein. However, the gains were short-lived.
The Federal Reserve interest rate hikes, declining demand for Beyond Meat products, and other factors led to a disastrous stretch. Beyond Meat’s stock price fell below $10 per share for the first time in 2023. It’s questionable if Beyond Meat will be able to keep up with names like Nestle (OTCMKTS: NSRGY) and Tyson Foods Inc. (NYSE: TSN), even if Beyond Meat was the trendsetter at the time. Some investors see the collapse as a buying opportunity, while others have removed BYND from their watchlists.
How to Choose the Best Broker for You
Knowing when to buy and sell stocks requires expert management. That’s where finding a good broker comes into play. Benzinga recommends researching a few brokers to see if their style and experience align with your goals. It’s worth the time and legwork to investigate; their expertise will save you money and time and give you peace of mind. Here are some of Benzinga’s favorite brokers.
CenterPoint Securities is ideal for active traders who demand access to advanced tools and services. While investors and casual traders are likely to be content with the basic offerings of traditional online brokerages, active traders will benefit from CenterPoint’s suite of advanced trading tools. If you value execution quality, access to short inventory, advanced trading platforms, and accessible customer service, CenterPoint is an excellent choice.
Best For
- Intermediate to Advanced traders
- High-volume traders
- Momentum traders
- Short sellers
- Unrivaled access to short inventory
- Flexible order routing for improved executions
- Discounts for active traders
- Advanced platform with fast executions
- Reliable customer service
- Not designed for beginner or low-volume traders
Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.
IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
Best For
- Access to international markets
- Active traders
- Detailed mobile app that makes trading simple
- Wide range of available account types and tradeable assets
- IB SmartRouting provides significant price improvement vs. industry
- Fractional trading allows investing regardless of share price
- Industry’s lowest margin rates
- Earn more by lending your fuly-paid shares
- Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
Magnifi is an intelligently designed marketplace that allows investors to access data-backed information about various investment opportunities. The company combines standard brokerage tools with artificial intelligence (AI) to promote financial competence. Magnifi distinguishes itself from the crowd by offering an AI-powered search feature and an AI-powered investment assistant. Magnifi offers a technology-forward platform that aims to promote confident and capable long-term financial investments.
Best For
- Long-term investors
- Individuals interested in personalized assistance
- New investors that are eager to learn how to start investing
- Access to an AI-powered investing assistant with a Magnifi Personal account
- Commission-free investing
- Over 15,000 possible investments
- Available mobile application
- Limited methods of communication with customer service
Webull, founded in 2017, is a mobile app-based brokerage that features commission-free stock and exchange-traded fund (ETF) trading. It’s regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA).
Webull offers active traders technical indicators, economic calendars, ratings from research agencies, margin trading and short-selling. Webull’s trading platform is designed for intermediate and experienced traders, although beginning traders can also benefit.
Webull is widely considered one of the best Robinhood alternatives.
Best For
- Active traders
- Intermediate traders
- Advanced traders
- No account maintenance fees or software platform fees
- No charges to open and maintain an account
- Intuitive trading platform with technical and fundamental analysis tools
- Does not support trading in mutual funds, bonds or OTC stocks
This publicly listed discount broker, which is in existence for over four decades, is service-intensive, offering intuitive and powerful investment tools. Especially, with equity investing, a flat fee is charged, with the firm claiming that it charges no trade minimum, no data fees, and no platform fees. Though it is pricier than many other discount brokers, what tilts the scales in its favor is its well-rounded service offerings and the quality and value it offers its clients.
Best For
- Novice investors
- Retirement savers
- Day traders
- World-class trading platforms
- Detailed research reports and Education Center
- Assets ranging from stocks and ETFs to derivatives like futures and options
- Thinkorswim can be overwhelming to inexperienced traders
- Derivatives trading more costly than some competitors
- Expensive margin rates
86% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 is a European derivatives broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments.
Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.
Best For
- Traders looking for a smooth mobile experience
- Great mobile app
- Low spreads and commissions
- Unlimited demo account
- Only derivatives are available
- Not open to U.S. residents
Frequently Asked Questions
Who is Beyond Meat’s biggest competitor?
Impossible Foods is currently Beyond Meat’s biggest competitor, but larger meat companies are getting involved with vegan meat.
Who are the top shareholders of Beyond Meat?
Vanguard, Parkwood, BlackRock, Wolverine Asset Management and Whitebox Advisors are the top shareholders of Beyond Meat.
Is Beyond Meat declining?
Beyond Meat has reported several quarters of declining revenue. The company is currently facing several headwinds. Some investors may see this as a buying opportunity, while others are staying on the sidelines.
The post How to Buy Beyond Meat (BYND) Stock by Olivia Richman appeared first on Benzinga. Visit Benzinga to get more great content like this.
