Ocado Group (LON:OCDO) Stock Price Down 17.7% - What's Next?

Shares of Ocado Group plc (LON:OCDO) experienced a significant decline, falling by 17.7% during Thursday's trading session. The stock hit a low of GBX 268.78 ($3.41) before closing at GBX 274.20 ($3.48). The trading volume during the day reached approximately 13,705,735 shares, which is a 14% increase compared to the average daily volume of 11,977,086 shares. Prior to this drop, the stock had closed at GBX 333.20 ($4.23).

Ocado Group Price Performance

In terms of financial ratios, Ocado Group maintains a quick ratio of 2.82 and a current ratio of 2.35, including a debt-to-equity ratio of 144.16. The stock’s 50-day moving average stands at GBX 309.22, while the 200-day moving average is GBX 336.26. With a market capitalization of £2.29 billion, the stock has a price-to-earnings ratio of -10.39 and a beta of 1.85, indicating greater volatility compared to the market.

On February 27th, Ocado Group announced its quarterly earnings. The company reported an earnings per share (EPS) of GBX (48.91) ($0.62), which reflects negative performance with a return on equity of -15.18% and a net margin of -7.23%.

Ocado Group Company Profile

Ocado Group is a UK-based technology company that offers comprehensive online grocery fulfillment solutions via its Ocado Smart Platform. This platform serves some of the largest grocery retailers worldwide. Additionally, Ocado holds a 50% stake in Ocado Retail Ltd, in a joint venture with Marks & Spencer, facilitating advanced efficiencies in warehouse operations and proprietary software applications needed for effective online grocery businesses.

Should You Invest in Ocado Group Now?

Considering the recent downturn and analyst ratings, investors may be wondering if it is the right time to invest in Ocado Group. Currently, the stock has a Reduce rating, meaning that many top analysts suggest looking elsewhere. MarketBeat has identified five alternative stocks that may present better investment opportunities at this time.

Investors are encouraged to evaluate the current situation of Ocado Group closely before making any decisions, especially in light of its recent performance and earnings report.

Ocado, Stocks, Investment