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As of close of business last night, O-I Glass Inc’s stock clocked out at $12.58, down -15.91% from its previous closing price of $14.96. In other words, the price has decreased by -$15.91 from its previous closing price. On the day, 9.08 million shares were traded. OI stock price reached its highest trading level at $13.65 during the session, while it also had its lowest trading level at $12.405.
Ratios:
To gain a deeper understanding of OI’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.90. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1958529920 and an Enterprise Value of 6479754240. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 1.21. Its current Enterprise Value per Revenue stands at 0.944 whereas that against EBITDA is 5.724.
Stock Price History:
The Beta on a monthly basis for OI is 1.36, which has changed by -0.4099437 over the last 52 weeks, in comparison to a change of 0.23568535 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 $13.56. The 50-Day Moving Average of the stock is -21.16%, while the 200-Day Moving Average is calculated to be -24.90%.
Shares Statistics:
It appears that OI traded 1.76M shares on average per day over the past three months and 2241070 shares per day over the past ten days. A total of 154.25M shares are outstanding, with a floating share count of 151.34M. Insiders hold about 1.51% of the company’s shares, while institutions hold 99.20% stake in the company. Shares short for OI as of 1713139200 were 4557495 with a Short Ratio of 2.60, 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 current assessment of O-I Glass Inc (OI) involves the perspectives of 9.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $0.72 for the current quarter, with a high estimate of $0.76 and a low estimate of $0.66, while EPS last year was $0.88. The consensus estimate for the next quarter is $0.82, with high estimates of $0.93 and low estimates of $0.7.
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
In the current quarter, 8 analysts expect revenue to total $1.87B. It ranges from a high estimate of $1.95B to a low estimate of $1.82B. 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 $1.84B. There is a high estimate of $1.91B for the next quarter, whereas the lowest estimate is $1.77B.
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.
