Been watching Beyond Meat (BYND) bounce around like crazy lately, and honestly, it's starting to look like one of those best high risk stocks that can either make you money or destroy your portfolio in weeks.

So here's the situation: The stock had this insane spike last October when meme-stock fever hit. We're talking over 1000% gains in just a few days. But then reality kicked in hard. Now it's down roughly 79% from that peak, even though it's up about 14% year to date. That kind of volatility is exactly what you get when a stock becomes more about trading momentum than actual business fundamentals.

Let me break down the actual numbers, because this is where it gets concerning. In Q3, Beyond Meat pulled in $70.2 million in revenue, but that's down 13.3% year-over-year. The gross profit was only $7.2 million with a 10.3% margin. Compare that to the previous year's Q3 where they had $14.3 million gross profit and 17.7% margin. That's a serious deterioration.

Here's what really caught my attention though: the company posted a $112 million operating loss on $70 million in sales that quarter. For a food company that's been around for over a decade with solid distribution already in place, those numbers just don't add up. The business model looks broken, honestly. Revenue is sliding, and there's no sign of the cost efficiencies they need to actually turn profitable.

So the question becomes: is this a deep-value opportunity or just one of the best high risk stocks to avoid? The bears would argue the structural problems are too real. The bulls are banking on either another meme-stock rally or maybe an acquisition that could spike the price. Both are possible, sure, but betting on those scenarios when the underlying business is struggling seems like a losing game.

The valuation is sitting around 1.5x this year's expected sales, which might look cheap on the surface. But cheap doesn't matter if the company keeps burning cash and can't fix its margin problem. If you're looking at best high risk stocks right now, there are probably better bets out there with at least some path to profitability. Beyond Meat? I'd be watching from the sidelines rather than jumping in.