So they still showed growth, the stock just crashed; and the others in the segment who don't have to report numbers are doing better. Just sounds like a discounted stock to me.
This stock doesn't look discounted at all, they don't make any money and don't have any growth. I haven't checked their strategy to turn this around but just from the financials I'd say the stock is about where it should be.
Even at this 'discount' their market cap is 2x their revenue, which doesn't sound so bad until you compare it to someone like Tyson foods who has a market cap that is 0.5x their revenue.
Given BYND isn't growing much and its got a bad cost structure, it's still 'expensive,' just less so than before.
The market is huge, but it's quite literally a matter of taste.