Beyond Meat, a plant-based meat company made its market debut in May 2019. This article will share information on how to buy Beyond Meat stock.
If you’re interested in buying stock in Beyond Meat, it can be done through an online broker.
Beyond Meat has received a lot of hype and investor interest since going public. This is not investment advice, and we encourage you to do your research.
But with that said, here’s what you need to know about investing in Beyond Meat stock.
Table of Contents
Overview Of Beyond Meat
Beyond Meat is a Los Angeles-based producer of plant-based meat substitutes, which launched its initial products in the United States in 2012.
Beyond Meat has plant-based meat alternatives that emulate beef, meatballs, ground meat, and pork sausage links and patties.
Beyond Meat is listed on the NASDAQ under the ticker symbol BYND and has a market capitalization of $7.92 billion. It has forged numerous partnerships with brand name companies. Beyond Meat’s business partners include Pepsi, Taco Bell, KFC, Dunkin’, and McDonald’s.
If you’re thinking of investing in Beyond Meat, you should look at the company’s earnings and sales growth. Also, look at some key metrics like earnings per share (EPS) and the price-to-earnings ratio (P/E).
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Beyond Meat’s Stock Performance In Recent Years
Beyond Meat has been performing well since its debut in May 2019. Its IPO was priced at $25, and it has delivered a 600% return from its offering price.
Beyond Meat has taken the stock market by surprise since its debut, posting triple-digit revenue gains every quarter.
The temporary closure of restaurants and cafeterias caused by the pandemic resulted in the slow down of Beyond Meat’s revenue growth.
What is the Beyond Meat stock price?
According to market data, the pandemic affected the company’s growth rate in both 2019 and 2020. In May 2019, the BYND stock price was $66.79, and the current stock price as of November 2021 is $99.19.
Steps To Follow Before Investing In Beyond Meat Stock
1. Understand how the stock market works
You know, this may sound obvious. But it is essential to learn how the stock market works before you make your first investment. If you’re new to buying stocks, start by reading the basics. There are several books that will teach you how to get started investing in the stock market.
2. Begin your research on Beyond Meat stock
Beyond Meat is a company that sells plant-based meat products. Researching the company and its competitors could be an excellent place to start—Research the company’s fundamentals, including its financial statements and key metrics. Beyond Meat’s SEC filings, company news, press releases, and more are all available online. With technical analysis you can evaluate securities by analyzing price and volume activity, is also helpful.
3. Start small
This is not where you start investing all of your life savings. Consider starting with a small amount of money you are willing to lose if things don’t go as planned.
4. Keep your expectations realistic
The companies that you invest in should be able to generate profits and pay dividends over several years. If you don’t find a stock that meets these criteria, it may be best not to buy at all.
5. Read more about investments online
There are plenty of resources that can help you learn more about investing in stocks. You can even hire an investment adviser who will work with you one-on-one.
6. Keep an eye on broader market conditions.
If you see the markets crashing, it might be best to hold off on buying stocks until things calm down. Otherwise, you could face more significant losses than planned. Many factors influence the stock market.
You should be aware of what’s happening in the economy and worldwide before investing. Stocks are influenced by factors such as inflation and political events, so keep your eyes open for breaking news. Know your risk tolerance before investing in Beyond Meat stock.
How To Buy Beyond Meat Stock – A Step By Step Guide
Beyond Meat is an excellent investment choice, but you should understand that buying stocks always involves risk. Here’s a step-by-step guide that will help you get started if you’re interested in BYND:
Step 1: Open a brokerage account
Opening a brokerage account is like opening a bank account. Just like with banks, not all online brokers are created equal. You’ll need to do your research before choosing the best one for you. There are several things to consider in your broker selection, including:
- Commissions: Although several brokers offer commission-free trading, you will likely still need to pay a fee if you want to trade frequently. Fees are especially important for those who plan to invest regularly.
- Minimum investment requirements: Is there a minimum account size? Can you start investing with as little money as $50? How much does the broker require to open an account? These are all critical questions to consider.
- Account types: You’ll want to open an account that is right for your needs – either a taxable or tax-advantaged account.
- Stocks available: Check what types of stocks, ETFs and mutual funds you can invest in. It’s also worth noting that some brokers will let you trade on foreign exchanges – pretty convenient if you’re an international investor!
- Customer support: A good broker provides excellent customer service. You’ll want one with an extensive network of branch offices or partner brokers, as well as a quick-responding support team.
- Ease of use: You should look for a broker that offers a user-friendly trading platform website and mobile app. The best ones provide excellent educational resources as well.
Step 2: Choose an investment strategy
Choosing a specific strategy will depend primarily on how much time you can dedicate to investing and your risk level. An investing beginner should choose a straightforward approach before choosing more complex techniques.
Step 3: Fund your account
Once you’ve chosen a good broker, open a trading account and fund it with money. This may entail transferring some of your bank’s cash, wiring money from a savings or checking account, using a credit card – there are many ways to do this.
Step 4: Decide how many shares you want to buy
Before you invest in Beyond Meat stock, you’ll need to decide how many shares you’d like to buy. Generally speaking, it’s an excellent strategy to diversify your portfolio by investing in multiple stocks. If Beyond Meat proves successful, more shares could make your return on investment even greater. But with this comes additional risk – what if the stock price plummets?
Step 5: Choose your stock order type
You can choose your order type as market order or limit order.
Market: If you plan on investing a large sum of money and want to be sure your trade will go through immediately, a market order is for you. This type of order executes as soon as possible at the current market price.
Limit: Limit orders allow you to set a specific price point for your transaction to take place – one that is hopefully more advantageous than the current market rate. If the order isn’t filled immediately, it will remain open until manually cancelled by you or executed by the brokerage firm.
Step 6: Start Buying!
Once your money is in the account, you’re ready to start buying! In addition to purchasing Beyond Meat stock with your newly-funded brokerage account, you can buy any other stocks or ETFs that take your fancy.
Step 7: Keep up with your investment
Now that your money is in the market, you can sit back and watch it grow. But don’t take a hands-off approach. The best investors are those who keep up with their accounts, regularly checking on their investments to make sure they’re still performing well.
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While buying shares is a great way to build wealth and generate passive income, it can be intimidating and confusing for those new to the market. Choosing a good broker is just the first step in the process. Beyond that, it’s essential to select an investment strategy and diversify your portfolio.