Oatly Group (NASDAQ:OTLY) Stock Price Up 4.3%

Oatly Group AB (NASDAQ:OTLY)’s stock price rose 4.3% during mid-day trading on Monday . The stock traded as high as $0.96 and last traded at $0.95. Approximately 418,072 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 1,685,945 shares. The stock had previously closed at $0.91.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BNP Paribas raised Oatly Group from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 25th. Royal Bank of Canada restated a “sector perform” rating and set a $1.05 price objective on shares of Oatly Group in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1.96.

Oatly Group Trading Up 0.3 %

The company has a quick ratio of 0.53, a current ratio of 0.68 and a debt-to-equity ratio of 0.62. The company has a market cap of $542.87 million, a price-to-earnings ratio of -1.14 and a beta of 2.10. The business’s fifty day simple moving average is $0.94 and its two-hundred day simple moving average is $1.01.

Oatly Group (NASDAQ:OTLY) last announced its quarterly earnings data on Wednesday, July 24th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. Oatly Group had a negative return on equity of 35.74% and a negative net margin of 41.71%. The business had revenue of $202.20 million during the quarter, compared to the consensus estimate of $200.66 million. On average, equities analysts predict that Oatly Group AB will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Independent Advisor Alliance acquired a new position in shares of Oatly Group during the 4th quarter worth about $28,000. PFG Investments LLC boosted its position in shares of Oatly Group by 182.3% during the second quarter. PFG Investments LLC now owns 30,390 shares of the company’s stock worth $29,000 after buying an additional 19,625 shares during the period. Sanctuary Advisors LLC bought a new stake in Oatly Group in the 2nd quarter valued at approximately $41,000. Quadrature Capital Ltd acquired a new position in Oatly Group during the 4th quarter worth approximately $44,000. Finally, SG Americas Securities LLC bought a new position in shares of Oatly Group during the 2nd quarter worth approximately $75,000. 68.15% of the stock is owned by institutional investors and hedge funds.

Oatly Group Company Profile

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.