Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
After finishing at $13.09 in the prior trading day, O-I Glass Inc (NYSE: OI) closed at $13.17, up 0.61%. In other words, the price has increased by $0.61 from its previous closing price. On the day, 1.48 million shares were traded. OI stock price reached its highest trading level at $13.67 during the session, while it also had its lowest trading level at $13.14.
Ratios:
Our goal is to gain a better understanding of OI by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 1.02. In the meantime, Its Debt-to-Equity ratio is 2.92 whereas as Long-Term Debt/Eq ratio is at 2.44.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 07 ’23 when Lopez Andres Alberto sold 76,132 shares for $22.54 per share. The transaction valued at 1,715,756 led to the insider holds 1,036,969 shares of the business.
Lopez Andres Alberto sold 59,174 shares of OI for $1,303,130 on Jun 06 ’23. The President & CEO now owns 1,113,101 shares after completing the transaction at $22.02 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 2050858752 and an Enterprise Value of 6728855040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.30 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 0.98 whereas that against EBITDA is 5.923.
Stock Price History:
The Beta on a monthly basis for OI is 1.32, which has changed by -0.39144582 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, OI has reached a high of $23.57, while it has fallen to a 52-week low of $12.40. The 50-Day Moving Average of the stock is -16.65%, while the 200-Day Moving Average is calculated to be -20.90%.
Shares Statistics:
The stock has traded on average 1.83M shares per day over the past 3-months and 2438620 shares per day over the last 10 days, according to various share statistics. A total of 154.25M shares are outstanding, with a floating share count of 153.37M. Insiders hold about 1.51% of the company’s shares, while institutions hold 98.01% stake in the company. Shares short for OI as of 1713139200 were 4557495 with a Short Ratio of 2.50, compared to 1710460800 on 5073176. Therefore, it implies a Short% of Shares Outstanding of 4557495 and a Short% of Float of 4.96.
Earnings Estimates
The stock of O-I Glass Inc (OI) is currently in the spotlight, with 9.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of $0.55 for the current quarter, with a high estimate of $0.74 and a low estimate of $0.38, while EPS last year was $0.88. The consensus estimate for the next quarter is $0.66, with high estimates of $0.93 and low estimates of $0.35.
Analysts are recommending an EPS of between $2.53 and $1.5 for the fiscal current year, implying an average EPS of $1.98. EPS for the following year is $2.39, with 10.0 analysts recommending between $2.9 and $2.05.
Revenue Estimates
8 analysts predict $1.8B in revenue for the current quarter. It ranges from a high estimate of $1.87B to a low estimate of $1.67B. As of the current estimate, O-I Glass Inc’s year-ago sales were $1.84BFor the next quarter, 8 analysts are estimating revenue of $1.81B. There is a high estimate of $1.93B for the next quarter, whereas the lowest estimate is $1.69B.
A total of 10 analysts have provided revenue estimates for OI’s current fiscal year. The highest revenue estimate was $7.29B, while the lowest revenue estimate was $6.55B, resulting in an average revenue estimate of $6.95B. In the same quarter a year ago, actual revenue was $7.11BBased on 10 analysts’ estimates, the company’s revenue will be $7.15B in the next fiscal year. The high estimate is $7.54B and the low estimate is $6.67B.
