Oatly Group AB (OTLY, Financial) experienced a significant stock price decline of 5.00%, with shares trading at $0.772. The trading volume reached 1.54618 million shares with a turnover rate of 0.26% and a volatility of 7.79%.
The latest financial report revealed revenues of $202 million, a net loss of $30.38 million, and an earnings per share of -$0.05. The company's gross profit stood at $58.95 million, with a negative price-to-earnings ratio of -1.38.
Analyst ratings show that, out of 10 agencies, 60% recommend buying the stock, while 40% suggest holding, with no sell recommendations. The packaging food industry, to which Oatly belongs, saw an overall slight increase of 0.03%.
Within the industry, stocks such as Clene Inc, Branchout Food Inc., and Laird Superfood, Inc. showed notable gains, while others like Stryve Foods, Inc., and Blue Star Foods Corp. had significant trading activity. Stocks with high volatility included Above Food Ingredients Inc and Borealis Foods Inc.
Oatly Group AB operates in the food and beverage industry, with products including oat drinks, chilled oat beverages, oat yogurts, cream, and ice cream, primarily sold in regions like Sweden, Germany, the UK, and North America. The majority of its revenue comes from Europe, the Middle East, and Africa.
