Beyond Meat trades in green, snaps seven straight sessions of losses

Beyond Meat (NASDAQ:BYND) shares snapped seven straight sessions of losses, as the stock closed 1.34% higher, at $4.55 on Friday.

The plant-based meat company lost more than 13% in the last seven trading sessions. The stock has lost more than 48% so far this year, compared to a more than 27% gain in the broader S&P 500 Index.

BYND is down 31% over the past one month. The stock closed 3.65% lower, at $4.49 on Thursday.

Despite the up tick in shares today, Seeking Alpha’s Quant rating has a cautious view on the stock, with a HOLD rating, with a score of 3.02 out of 5. SA analysts share the view, recommending a HOLD.

Meanwhile, Wall Street analysts do not see an upside and see the stock as a SELL.

Seeking Alpha analyst Gary Alexander believes that investors should avoid Beyond Meat due to its weak demand, poor product-market fit, and uncertain path to recovery.

“The company struggles with taste, health perceptions, and high prices, leading to reduced consumer demand and fewer points of sale,” the analyst pointed out.