Beyond Meat, Inc. (NASDAQ: BYND) experienced a dramatic 24-hour plunge of 19.91% in Sunday night trading, as the recent meme stock frenzy surrounding the plant-based meat alternative company showed signs of losing steam. The steep decline comes amid growing skepticism from investors about the sustainability of the stock's recent rally.

The latest drop follows a 16% tumble in overnight trading, indicating a rapid deterioration in investor sentiment. Market observers suggest that the swift reversal could be attributed to the broader pullback in meme stocks, as retail investors begin to reassess their positions in highly volatile assets.

Adding to the bearish sentiment, some financial experts are now cautioning against investing in Beyond Meat. One investor was quoted as saying, "This is a no-go zone," highlighting the growing wariness among market participants. The statement reflects concerns about the company's fundamental value and its ability to maintain its market position in the increasingly competitive plant-based meat sector.

As Beyond Meat continues to face challenges in sustaining its growth and profitability, investors are likely to scrutinize the company's upcoming financial reports and strategic initiatives more closely. The stock's extreme volatility serves as a reminder of the risks associated with investing in meme stocks and the importance of conducting thorough due diligence before making investment decisions.