|Bid||171.55 x 1800|
|Ask||172.40 x 900|
|Day's range||168.10 - 174.12|
|52-week range||48.18 - 197.50|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||02 Nov 2020 - 06 Nov 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||126.84|
Impossible Foods, the privately held chief rival to plant-based meat manufacturer Beyond Meat (NASDAQ: BYND), said on Tuesday it's working on developing plant-based milk for its animal-free product lineup. According to press conference statements quoted by Engadget, the company's Impossible Milk has culinary properties close to or identical with cow's milk, rather than simply being a standard nut or soy milk. In a statement quoted by The Washington Post, CEO Pat Brown said the "plant-based milks out there are inadequate" and that the company's research is aiming "to make something that for a dairy milk lover is better than anything that comes from a cow."
In early afternoon trading Thursday, circa 12:10 p.m. EDT, shares of Beyond Meat (NASDAQ: BYND), Enphase Energy (NASDAQ: ENPH), and Pacific Ethanol (NASDAQ: PEIX) stocks are all down steeply -- and, apparently, all down on no particular news of note. Pacific Ethanol stock is down an astounding 12.5%.
Beyond Meat's fiscal 2020 revenue is projected to climb 65% to reach $491 million...