Q2 STOCKS TO BUY

Call Traders Blast Oatly Stock on Full-Year Revenue Forecast

Quarter-to-date, the security remains down over 26%

Deputy Editor
Aug 16, 2021 at 10:19 AM
facebook X logo linkedin


Plant-based milk concern Oatly Group (NASDAQ:OTLY) is surging this morning, up 6.4% at $17.95 at last check, despite a lackluster second-quarter earnings report. The company chimed in with losses of 9 cents per share, which were 1 cent higher than what analysts estimated, as well as revenue miss. Keeping shares afloat is a full-year revenue forecast that was ahead of expectations, as demand for vegan milk alternatives jumps.

After notching three consecutive all-time lows last week, Oatly stock finally surged back above the $18 level earlier in the session, which has previously served as a floor for the equity. The 20-day moving average has guided shares lower since OTLY's June 14, all-time high of $29, though. Quarter-to-date, the security remains down 26.8%.
 

As it currently stands, the brokerage bunch is bullish towards Oatly stock, with nine of the 14 analysts in question carrying a "buy" or better rating. Echoing this is a 12-month consensus target price of $30.73, which is a whopping 71.2% premium to the equity's current perch.

The stock's usually quiet option pits are brimming with activity today. So far, 6,200 calls and 1,618 puts have already exchanged hands, which is six times the intraday average. Most popular is the weekly 8/20 17.50-strike call, while the 17.50-strike put in the same series trails far behind it.

 

 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter