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The price of O-I Glass Inc (NYSE: OI) closed at $13.14 in the last session, up 2.90% from day before closing price of $12.77. In other words, the price has increased by $2.90 from its previous closing price. On the day, 1.05 million shares were traded. OI stock price reached its highest trading level at $13.18 during the session, while it also had its lowest trading level at $12.71.
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 0.77 and its Current Ratio is at 1.23. In the meantime, Its Debt-to-Equity ratio is 3.89 whereas as Long-Term Debt/Eq ratio is at 3.49.
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 October 17, 2024, Upgraded its rating to Buy and sets its target price to $16 from $14 previously.
On April 19, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $21 to $16.
On January 16, 2024, UBS started tracking the stock assigning a Buy rating and target price of $26.UBS initiated its Buy rating on January 16, 2024, with a $26 target price.
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 Nov 04 ’24 when BURNS RANDOLPH L bought 13,000 shares for $11.38 per share. The transaction valued at 147,943 led to the insider holds 70,817 shares of the business.
Haudrich John bought 8,000 shares of OI for $97,991 on Aug 15 ’24. The SVP & Chief Financial Officer now owns 350,846 shares after completing the transaction at $12.25 per share. On Aug 06 ’24, another insider, Humphrey John, who serves as the Director of the company, bought 15,000 shares for $11.30 each. As a result, the insider paid 169,444 and bolstered with 84,227 shares of the company.
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 2032061696 and an Enterprise Value of 6523058688. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 0.982 whereas that against EBITDA is 6.947.
Stock Price History:
Over the past 52 weeks, OI has reached a high of $17.58, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 3.75%, while the 200-Day Moving Average is calculated to be -1.93%.
Shares Statistics:
According to the various share statistics, OI traded on average about 1.43M shares per day over the past 3-months and 1705600 shares per day over the past 10 days. A total of 154.25M shares are outstanding, with a floating share count of 151.72M. Insiders hold about 1.90% of the company’s shares, while institutions hold 98.89% stake in the company. Shares short for OI as of 1730332800 were 4985697 with a Short Ratio of 3.49, compared to 1727654400 on 4735201. Therefore, it implies a Short% of Shares Outstanding of 4985697 and a Short% of Float of 5.4899998.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 9.0 analysts currently analyzing and rating the stock of O-I Glass Inc (OI).The consensus estimate for the next quarter is $0.28, with high estimates of $0.55 and low estimates of $0.17.
Analysts are recommending an EPS of between $0.86 and $0.73 for the fiscal current year, implying an average EPS of $0.79. EPS for the following year is $1.49, with 10.0 analysts recommending between $1.9 and $1.12.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $1.61B. It ranges from a high estimate of $1.63B to a low estimate of $1.59B. As of the current estimate, O-I Glass Inc’s year-ago sales were $1.64BFor the next quarter, 8 analysts are estimating revenue of $1.57B. There is a high estimate of $1.66B for the next quarter, whereas the lowest estimate is $1.53B.
A total of 9 analysts have provided revenue estimates for OI’s current fiscal year. The highest revenue estimate was $6.63B, while the lowest revenue estimate was $6.59B, resulting in an average revenue estimate of $6.61B. In the same quarter a year ago, actual revenue was $7.11BBased on 9 analysts’ estimates, the company’s revenue will be $6.62B in the next fiscal year. The high estimate is $6.87B and the low estimate is $6.41B.
