The Pure-Play Plant-Based Food Stocks Index of 5 fledgling fake meat, dairy, egg, and seafood companies was DOWN -4.3% last week, is DOWN -21.0% YTD with the average stock price DOWN -10.3% from its lowest price in 2021.
By Lorimer Wilson, Managing Editor of munKNEE.com – Your KEY To Making Money! @HELP
Note that each constituent has hyperlinks to 4 areas of additional information which are imperative for any individual considering investing in this sector:
- The company name is hyperlinked to its web site to provide you with a description of the company and an analysis of its stock.
- The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
- The percentage change from the market high in 2021 is hyperlinked to a chart of the company’s stock performance.
- The “financial distress” percentage is sourced from macroaxis.com.
Below is how the munKNEE Pure-Play Plant-Based Food Stocks Index constituents performed in January, 2022, in descending order, and the percent to which they have changed in price in relation to their previous or current 52-week lows in brackets:
- Else Nutrition (BABYF): UP +30.0% YTD. (Remains UP +53.2% from its 52-week low.)
- an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults.
- has over a 24% probability of financial distress in the next few years of operation.
- Guru Organic Energy Corp. (CSE: GURU; GUROF): No Change in price YTD. (Remains UP just +1.9% from its 52-week low.)
- a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
- has over a 75% chance of experiencing financial distress in the next few years of operation.
- Tattooed Chef (TTCF): DOWN -23.7% YTD; (now DOWN -12.0% from its previous 52-week low.)
- offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
- has less than a 25% chance of experiencing some form of financial distress in the next two years of operation.
- The Very Good Food Company (VGFC): DOWN -21.6% YTD; ( Now DOWN -15.9% from its previous 52-week low.)
- designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives to customers in Canada and the United States.
- has about a 66% probability of financial distress in the next few years of operation.
- Laird Superfood (LSF): DOWN -41.4% YTD; (now DOWN -30.5% from its previous 52-week low)
- has more than a 62% chance of experiencing financial distress in the next 2 years of operation.
The average market capitalization of the above 5 stocks is $190M with an average stock price of $6.70/share. (The aforementioned currency amounts are in U.S. dollars. Go here to convert to another currency.)
Not included in the Index are two huge companies with market capitalizations in excess of $4B which performed, as follow, since the end of 2021 with the percentage change from their previous 52-week lows in brackets:
- Beyond Meat (BYND): DOWN -13.2% YTD; (DOWN -2.5% from its previous 52-week low.)
- Oatly Group (OTLY): DOWN -16.5% YTD; (DOWN -10.9% from its previous 52-week low.)
The 5 pure-play stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are just that, focused almost exclusively on the research, development, sales, distribution, and marketing of vegan food products; as such, we think the Index reflects the true health of the plant-based food sector in the U.S. and Canada.
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