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O-I Glass Inc (NYSE: OI) closed the day trading at $11.36 up 1.79% from the previous closing price of $11.16. In other words, the price has increased by $1.79 from its previous closing price. On the day, 1.21 million shares were traded. OI stock price reached its highest trading level at $11.49 during the session, while it also had its lowest trading level at $11.22.
Ratios:
For a better understanding of OI, let’s 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.
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 1769001856 and an Enterprise Value of 6446998528. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.26 while its Price-to-Book (P/B) ratio in mrq is 1.05. Its current Enterprise Value per Revenue stands at 0.939 whereas that against EBITDA is 5.675.
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 $10.08. The 50-Day Moving Average of the stock is -6.68%, while the 200-Day Moving Average is calculated to be -23.16%.
Shares Statistics:
Over the past 3-months, OI traded about 1.85M shares per day on average, while over the past 10 days, OI traded about 2315430 shares per day. A total of 154.25M shares are outstanding, with a floating share count of 153.11M. Insiders hold about 1.68% of the company’s shares, while institutions hold 95.46% stake in the company. Shares short for OI as of 1719532800 were 5161721 with a Short Ratio of 2.80, compared to 1717113600 on 4544782. Therefore, it implies a Short% of Shares Outstanding of 5161721 and a Short% of Float of 5.609999999999999.
