Why did Oatly stock fall 10% in January?
May 27, 2021 · May 27, 2021 8:20AM EDT. P lant-based milk company Oatly (NASDAQ: OTLY), a master of "liquid oat technology," went public earlier this month. The company's products, which include oat milk, oat ...
When will Oatly report Q4 results?
Sep 01, 2021 · Oatly was an extremely expensive stock in a sector — food start-ups — that has been on its back foot this year. However, for traders, …
When is the Oatly conference call and webcast?
May 04, 2022 · Referenced Symbols. Oatly Group AB ADR OTLY, +7.72% stock rose nearly 3% in Wednesday premarket trading after it reported first-quarter revenue that beat expectations. The plant-based dairy ...
Why is Oatly milk out of stock?
Is Oatly having a shortage?
Will Oatly rebound?
Therefore, for now, the OTLY stock price will likely continue the bearish trend as its demand fades. However, in the long-term, the stock will likely bounce back as investors rush to buy the dip.Nov 29, 2021
Why is Starbucks always out of oat milk?
What is the IPO price of Oatly?
Oatly (NASDAQ: OTLY) launched its initial public offering (IPO) with high expectations. The IPO went off at $17 per share and immediately traded higher. OTLY stock soon reached a high of $29 per share.
Does Ian Bezek have any positions in the securities mentioned in this article?
On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Is it good to pay 20 times sales for a software company?
It’s one thing to pay 20 times sales for a software company. It’s quite another to pay that figure for an unprofitable food company. Oatly has had huge top-line revenue growth. That gives investors a reason for optimism. Still, at 20 times sales, it requires a great deal of faith in both the product and the management team. This was even more true when the stock was going for 30 times sales prior to its recent stock price decline.
Is Oatly stock going to bounce?
Purely as a trading call, Oatly seems due for a bounce fairly soon. In fact, it seems like the turnaround has already started. Many heavily shorted stocks, including Oatly, have moved sharply higher off their lows in recent days. I wouldn’t want to invest in a long-term holding in Oatly at this valuation. That’s particularly true as there are some questions about the product’s ongoing consumer appeal as well. That said, Oatly has already corrected so much that the short-term signals now look bullish.
An analyst downgrade helped sink the alternative milk stock last month
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What happened
Shares of Oatly Group ( NASDAQ:OTLY) were sliding last month; as analysts continued to sour on the oat milk company, it became one of many broken IPOs in 2021. According to data from S&P Global Market Intelligence, the stock fell 11% in November.
So what
There was no major company-specific news out on Oatly last month, but some negativity from analysts and other concerns such as the impact of rising interest rates on high-priced growth stocks seemed to weigh on the stock.
Now what
Oatly's slide was a continuation of a decline that's now lasted several months as investors have balked at the valuation for the alternative milk company. Based on its guidance of at least $635 million in revenue this year, the stock now trades at a price-to-sales ratio of about 8, which is still rich for consumer goods stock.
Why is Oatly stock weak?
The weakness in shares could be attributed to both supply constraints that limited Oatly's ability to meet demand, and ongoing short-seller commentary from Spruce Point Capital.
What is Oatly's main priority?
1. Oatly's main priority is to ramp production and continue to build capacity for oat milk.
Is demand for oat milk slowing down?
2. Demand for oat milk shows no signs of slowing down.
Does Oatly milk trade at premium?
While Oatly does trade at a premium valuation, BofA believes its warranted as oat milk gains more share of drinking milk occassions and as Oatly continues to add margin accretive in-house production capacity, according to the note.
Why did Oatly stock drop?
Oatly stock plunged on Monday after a revenue miss and reduced guidance, but some analysts say there's reason to be upbeat about the oat-based dairy alternative company
What is the Oatly report?
On July 14, 2021, Spruce Point Capital Management published a report about Oatly alleging the Company is engaged in a variety of accounting improprieties, including overstatements of revenue, inventory and gross margins, and of misrepresenting its sustainability practices. For example, the Spruce Po.
How many liters of oats are produced in the Oatly factory?
Follows new category development with production facility to meet demand Oatly Ma'anshan Factory Oatly’s Ma'anshan production facility has the potential to produce an estimated 150 million liters of oat-based products annually at full capacity Oatly Ma’anshan Factory Oatly Ma’anshan Factory MALMÖ, Sweden, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced the opening of its first producti
When is the class action against Oatly filed?
The class action, filed in the United States District Court for the Southern District of New York, and docketed under 21-cv-06485, is on behalf of all purchasers of American Depositary Shares ("ADSs") of Oatly between May 20, 2021 and July 15, 2021 (the "Class Period"), against Oatly and certa. ACCESSWIRE • 10 hours ago.
How much did IPOs raise in the second quarter?
Brian Sozzi breaks down the IPO boom taking place in the market as new issue IPOs have raised a record $39.9 billion in the second quarter making it a fascinating time for the market as IPOs are seeing more embrace from investors.
Is Vita Coco going public?
(Bloomberg) -- The owner of coconut water company Vita Coco is planning to go public this year after investors rushed to back Oatly Inc.’s initial public offering, according to people with knowledge of the matter.All Market Inc., which also owns Runa energy drinks and water brand Ever & Ever, aims to list its shares in the U.S. as soon as the third quarter, the people said, asking not to be identified discussing private information. The company could be valued at more than $2 billion in an IPO,
How much did Oatly lose in 2020?
The company reported a 2020 loss of $60.4 million on sales of $421.4 million in 2020. In his post-trade interview, CEO Toni Petersson said Oatly will have three more production plants by the end of this year, expanding operations to North America and Asia. Its Holland plant is also expanding.
Who made the Oatly?
If you know Oatly at all, it’s probably from Petersson’s Super Bowl ad, in which the CEO sat behind a keyboard in a field and sang his own composition with the tag line “wow, no cow.” The ad was filmed soon after Petersson was brought on as CEO in 2014. The founders, Rickard and Bjorn Oeste, created the product in the mid-1990s for people who are lactose-intolerant.
What is the name of the company that sells soy milk?
Danone (OTCMKTS: DANOY ), which sells its products under the brand name Dannon in the U.S., has a soy milk brand called Silk. Pepsico (NASDAQ: PEP) sells oat milk under the Quaker Oats brand in India. And Nestle (OTCMKTS: NSRGY ), the world’s largest food company, has a pea-based milk it says is more nutritious than oat milk.
Is Oatly a Swedish company?
Oatly is not a small Swedish company selling a unique product. It’s an international company with big backers, selling directly against some of the world’s biggest food companies. Oatly’s main asset is Petersson’s branding of it as a Swedish upstart saving the planet.
Is oat milk digestible?
As Mark Kurlansky noted in his 2019 book, Milk: A 10,000 Year Food Fracas, milk from cows is actually the newer product thanks to pasteurization. Products like yogurt and cheese not only preserved animal milk, but also made it digestible.
Is Oatly a fast profit?
Despite its challenges, Oatly could make a fast profit for investors through a sale to a larger rival. It will be under pressure to do just that, so keep that in mind if you buy OTLY stock. On the date of publication, Dana Blankenhorn held a LONG position in PEP.
Why were investors so upset?
It looks to be mostly about the pandemic for Oatly. The company said UK sales were $1m off during Q3 due to the driver shortage problems and it also had issues with its US production plant in Utah (another $3m taken off sales). Closures of hospitality businesses in Asia cost Oatly a further $3m.
How has the Oatly share price been doing?
Not well, I’m afraid. Oatly listed in the US back in May and shares have coughed up almost 60% since then. Although backed by heavy weights like private equity kings Blackstone and celebs like Oprah Winfrey, Oatly is having to compete in a market where there are more alternatives every month.
Is there any good news here?
Oatly says it expects FY 2021 revenue to exceed $635m compared to the previous outlook where it was talking about $690m. Revenues are up, there’s no denying that (a 49.2% increase no less). Gross profit was $125m with a 27% gross profit margin. While profits overall are down slightly, volumes are up.
What does the Armchair Trader think?
We’d be cautious with Oatly. We like the product, we like the alternative to dairy story, and with pressure on global agriculture post-COP 26, we think the shift off dairy is going to continue long term. We would expect Oatly to continue to achieve growth in sales and distribution globally and it has a good brand to boot.
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