Oatly Group AB (OTLY, Financial) experienced a significant stock movement with a 5.08% decline. The stock is currently priced at $0.784 per share, with a trading volume of 2.18 million shares, reflecting a turnover rate of 0.37% and a volatility of 5.25%.
In recent earnings reports, Oatly Group reported revenues of $202 million, a net loss of $30.38 million, and a negative earnings per share of $0.05. The gross profit stood at $58.95 million, and the company holds a negative price-to-earnings ratio of 1.41.
Regarding analyst ratings, out of 10 participating institutions, 60% recommend buying the stock, while 40% suggest holding. No institutions issued a sell recommendation.
Within the packaging food industry, where Oatly Group operates, the sector saw an overall decline of 0.51%. In contrast, stocks like Farmmi, Arcadia Biosciences, and Steakholder Foods Ltd posted notable gains. Other active stocks included Farmmi, Blue Star Foods Corp., and Nuzee, Inc., with high turnover rates. Stocks with significant volatility were Farmmi, Above Food Ingredients Inc. C/Wts, and Australian Oilseeds Holdings Limited.
Oatly Group AB specializes in food and beverages, offering products such as oat drinks, chilled oat beverages, oat yogurt, oat cream, and ice cream. Their key markets include Sweden, Germany, the UK, the Netherlands, North America, and Finland. The majority of its revenue is derived from Europe, the Middle East, and Africa.
