Overview
- Shares rose Tuesday afternoon before paring gains, with price action driven by technicals and sentiment rather than new company updates.
- Beyond Meat preliminarily guided third-quarter revenue to about $70 million and gross margin of 10%–11%, reflecting $1.7 million in China shutdown costs and a significant non-cash impairment.
- Analysts expect a quarterly loss of $0.43 per share, with official results slated for Nov. 4.
- Heavy retail interest and very high short interest have created conditions for rapid short squeezes.
- The stock’s surge, reported as exceeding 1,300% at its peak, has been followed by sharp reversals and comparisons to past meme-stock swings.