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The price of O-I Glass Inc (NYSE: OI) closed at $14.85 in the last session, up 0.27% from day before closing price of $14.81. In other words, the price has increased by $0.27 from its previous closing price. On the day, 0.91 million shares were traded. OI stock price reached its highest trading level at $15.0 during the session, while it also had its lowest trading level at $14.735.
Ratios:
We take a closer look at OI’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.77 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 3.22 whereas as Long-Term Debt/Eq ratio is at 3.03.
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 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 2311937280 and an Enterprise Value of 6671850496. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.32 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 0.939 whereas that against EBITDA is 5.283.
Stock Price History:
Over the past 52 weeks, OI has reached a high of $23.57, while it has fallen to a 52-week low of $13.56. The 50-Day Moving Average of the stock is -7.81%, while the 200-Day Moving Average is calculated to be -12.43%.
Shares Statistics:
According to the various share statistics, OI traded on average about 1.74M shares per day over the past 3-months and 1397940 shares per day over the past 10 days. A total of 154.25M shares are outstanding, with a floating share count of 150.94M. Insiders hold about 1.78% of the company’s shares, while institutions hold 99.02% stake in the company. Shares short for OI as of 1711584000 were 4364054 with a Short Ratio of 2.51, compared to 1709164800 on 4739421. Therefore, it implies a Short% of Shares Outstanding of 4364054 and a Short% of Float of 4.75.
Earnings Estimates
The stock of O-I Glass Inc (OI) is currently being evaluated by 9.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.39 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.34, while EPS last year was $1.29. The consensus estimate for the next quarter is $0.72, with high estimates of $0.76 and low estimates of $0.66.
Analysts are recommending an EPS of between $2.53 and $2.15 for the fiscal current year, implying an average EPS of $2.38. EPS for the following year is $2.71, with 10.0 analysts recommending between $2.94 and $2.45.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $1.7B. It ranges from a high estimate of $1.82B to a low estimate of $1.62B. As of the current estimate, O-I Glass Inc’s year-ago sales were $1.77BFor the next quarter, 8 analysts are estimating revenue of $1.87B. There is a high estimate of $1.95B for the next quarter, whereas the lowest estimate is $1.82B.
A total of 10 analysts have provided revenue estimates for OI’s current fiscal year. The highest revenue estimate was $7.48B, while the lowest revenue estimate was $6.93B, resulting in an average revenue estimate of $7.16B. In the same quarter a year ago, actual revenue was $7.11BBased on 10 analysts’ estimates, the company’s revenue will be $7.33B in the next fiscal year. The high estimate is $7.63B and the low estimate is $7B.
