L Catterton Asia Acquisition Corp. Hits Day Low Amid Price Pressure at $1.38

L Catterton Asia Acquisition Corp. has experienced significant volatility today, with the stock hitting an intraday low of USD 1.38, reflecting a decline of 10.97%. This drop is part of a broader trend, as the stock has underperformed against the S&P 500, which has gained 0.21% on the same day.
Over the past week, L Catterton has seen a decrease of 14.81%, and its performance over the last month shows a substantial decline of 32.35%. Year-to-date, the stock is down 61.77%, and over the past year, it has lost 69.87%. The three-year performance indicates an even steeper decline of 86.2%, highlighting a consistent underperformance against the benchmark.

Financial metrics reveal a challenging situation for the company, with a negative book value and a weak EBIT to interest ratio of -21.17. The company has reported losses for five consecutive quarters, with net sales falling by 43.63% while raw material costs have increased by 46.63% year-over-year. These factors contribute to a precarious financial position, raising concerns about the company's ability to sustain operations moving forward.