Ocado Group Plc Hits Day Low of GBP 1.66 Amid Price Pressure

Ocado Group Plc has experienced significant volatility today, with the stock hitting an intraday low of GBP 1.66, reflecting a decline of 15.52%. This drop is part of a broader trend, as the stock has underperformed against the FTSE 100, which has only seen a modest decline of 1.27% on the same day.
Over the past week, Ocado's performance has also been lackluster, with a decrease of 13.62%, and a more pronounced drop of 24.06% over the past month. Year-to-date, the stock has fallen by 39.13%, while the FTSE 100 has gained 16.88%. The long-term outlook remains challenging, with a staggering 72.87% decline over the past three years and a 91.97% drop over the last five years.

Financial metrics indicate weak fundamental strength, highlighted by an average Return on Capital Employed (ROCE) of 0% and a concerning EBIT to Interest ratio of -3.95. Additionally, the company has reported a significant increase in raw material costs, which have surged by 846.41% year-over-year. These factors contribute to Ocado's ongoing struggles in the retailing sector.