BYND is down over 14% this morning – the biggest intraday drop since the IPO – as investors take some money off the table ahead of tonight’s earnings…
Short interest, according to Bloomberg, remains high.
Wall Street expects the company to lose 9 cents a share from $52.5 million in sales.
Price to Sales Ratios…
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Beyond Meat: 118
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Facebook: 9.9
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Twitter: 9.2
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Microsoft: 8.5
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Google: 5.7
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Amazon: 4.1
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Apple: 3.9
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Tesla: 2.0
What could go wrong?
via ZeroHedge News https://ift.tt/2MtYc1Y Tyler Durden