In this photo illustration, packages of Beyond Meat "The Beyond Burger" sit on a table, June 13, 2019 in the Brooklyn borough of New York City.

Shares of Beyond Meat soared as much as 18% Tuesday morning, briefly surpassing $200 per share and hitting a new all-time high of $201.88.

When the markets opened Tuesday morning, the stock was up 18% and trading for $200 per share. After hitting a new record price for shares, Beyond's stock gave up its gains and is now trading down 4% from Monday's close.

At the beginning of May, the maker of plant-based meats priced its initial public offering at $25 per share. The company's stock is up around 555% since its IPO, a market value of about $9.5 billion.

Beyond's stock price remains well above the price targets of analysts, the highest of which is $123. No one on Wall Street recommends buying the stock anymore because of its hot streak. The stock has been gyrating as analysts have raised concern about its monster run.