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The price of O-I Glass Inc (NYSE: OI) closed at $12.26 in the last session, up 0.08% from day before closing price of $12.25. In other words, the price has increased by $0.08 from its previous closing price. On the day, 0.95 million shares were traded. OI stock price reached its highest trading level at $12.56 during the session, while it also had its lowest trading level at $12.19.
Ratios:
We take a closer look at OI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 3.43 whereas as Long-Term Debt/Eq ratio is at 3.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on April 19, 2024, Downgraded its rating to Neutral and sets its target price to $16 from $21 previously.
On January 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $26.
Citigroup Downgraded its Buy to Neutral on January 03, 2024, whereas the target price for the stock was revised from $17 to $18.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 15 ’24 when Haudrich John bought 8,000 shares for $12.25 per share. The transaction valued at 97,991 led to the insider holds 350,846 shares of the business.
Humphrey John bought 15,000 shares of OI for $169,444 on Aug 06 ’24. The Director now owns 84,227 shares after completing the transaction at $11.30 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OI now has a Market Capitalization of 1904762624 and an Enterprise Value of 6381766144. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.27. Its current Enterprise Value per Revenue stands at 0.952 whereas that against EBITDA is 5.998.
Stock Price History:
Over the past 52 weeks, OI has reached a high of $20.29, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 7.28%, while the 200-Day Moving Average is calculated to be -13.90%.
Shares Statistics:
According to the various share statistics, OI traded on average about 1.93M shares per day over the past 3-months and 1762370 shares per day over the past 10 days. A total of 154.25M shares are outstanding, with a floating share count of 152.46M. Insiders hold about 1.87% of the company’s shares, while institutions hold 95.74% stake in the company. Shares short for OI as of 1722384000 were 5556268 with a Short Ratio of 2.88, compared to 1719532800 on 5161721. Therefore, it implies a Short% of Shares Outstanding of 5556268 and a Short% of Float of 6.0700003.
