Oatly Group (NASDAQ:OTLY) Sees Unusually-High Trading Volume - Still a Buy?

On Wednesday, Oatly Group AB (NASDAQ:OTLY) experienced a notable increase in trading activity. During this session, the company saw 241,178 shares exchanged, which marks a 14% rise compared to the 212,146 shares traded in the prior session. The stock was last priced at $9.90, showing a significant jump from its previous close of $8.68.

Analyst Upgrades and Downgrades

Recently, Barclays revised its price target for Oatly Group, reducing it from $40.00 to $20.00 while maintaining an "overweight" rating for the stock in a report released on February 14th.

Oatly Group Stock Performance

Oatly Group currently holds a market capitalization of $236.51 million and has a price-to-earnings ratio of -1.17. The stock's volatility is represented by a beta of 1.96. In terms of liquidity, the company has a current ratio of 0.56 and a quick ratio of 0.44, alongside a debt-to-equity ratio of 1.39. The stock's 50-day moving average stands at $12.38, while the 200-day moving average is $15.07.

Hedge Funds Weigh In On Oatly Group

Recent activities among institutional investors and hedge funds have influenced Oatly Group's stock. Privium Fund Management B.V. initiated a new stake in the third quarter valued at $60,000. GSA Capital Partners LLP increased its holdings in Oatly Group by 3.6%, now owning 2,264,754 shares worth approximately $1,935,000 after acquiring an additional 78,831 shares recently. Also notable is BNP PARIBAS ASSET MANAGEMENT Holding S.A., which grew its position by 19.6% for a total of 7,895,635 shares valued at $6,746,000. Massachusetts Financial Services Co. MA also increased its stake in the company by 4.9%, now holding 7,701,722 shares valued at around $6,580,000 following an acquisition of 358,978 additional shares. Additionally, Walleye Capital LLC entered a new position in Oatly Group during the same period, estimated at about $98,000. Overall, institutional investors and hedge funds currently represent 68.15% of Oatly Group's shares.

Oatly Group Company Profile

Oatly Group AB specializes in providing a variety of plant-based dairy products made from oats, catering to markets across Europe, the Middle East, Africa, the Americas, and Asia. The company offers numerous products, including Barista edition oat milk, oatgurt, frozen desserts, ice creams, and yogurts. It also provides cooking items such as cooking cream in both regular and organic forms, crème fraiche, whipping cream, vanilla custard, and a selection of flavored spreads, along with ready-to-drink beverages.

Should You Invest $1,000 in Oatly Group Right Now?

MarketBeat monitors the recommendations from top-performing analysts to guide investors in their decision-making. Currently, Oatly Group is rated with a "Moderate Buy" among analysts. However, some top analysts have identified five different stocks that are considered better investment options at this time. If you're looking to make informed investment choices, it might be worthwhile to explore those alternatives.

Market fluctuations can often cause uncertainty for investors. To manage such risks effectively, it's crucial to remain informed about market conditions and investment strategies.

Oatly, Stocks, Trading