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The closing price of O-I Glass Inc (NYSE: OI) was $12.34 for the day, down -0.96% from the previous closing price of $12.46. In other words, the price has decreased by -$0.96 from its previous closing price. On the day, 1.56 million shares were traded. OI stock price reached its highest trading level at $12.53 during the session, while it also had its lowest trading level at $12.03.
Ratios:
Our analysis of OI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 3.43 whereas as Long-Term Debt/Eq ratio is at 3.09.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 15 ’24 when Haudrich John bought 8,000 shares for $12.25 per share. The transaction valued at 97,991 led to the insider holds 350,846 shares of the business.
Humphrey John bought 15,000 shares of OI for $169,444 on Aug 06 ’24. The Director now owns 84,227 shares after completing the transaction at $11.30 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 1935837568 and an Enterprise Value of 6394195456. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 1.28. Its current Enterprise Value per Revenue stands at 0.954 whereas that against EBITDA is 6.01.
Stock Price History:
Over the past 52 weeks, OI has reached a high of $19.93, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 6.00%, while the 200-Day Moving Average is calculated to be -12.54%.
Shares Statistics:
OI traded an average of 1.83M shares per day over the past three months and 1091850 shares per day over the past ten days. A total of 154.25M shares are outstanding, with a floating share count of 152.50M. Insiders hold about 1.84% of the company’s shares, while institutions hold 95.73% stake in the company. Shares short for OI as of 1723680000 were 5710356 with a Short Ratio of 3.11, compared to 1721001600 on 4999589. Therefore, it implies a Short% of Shares Outstanding of 5710356 and a Short% of Float of 6.23.
Earnings Estimates
A detailed examination of O-I Glass Inc (OI) is currently in progress, with 9.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.21, with high estimates of $0.32 and low estimates of $0.14.
Analysts are recommending an EPS of between $1.26 and $1.1 for the fiscal current year, implying an average EPS of $1.15. EPS for the following year is $1.91, with 10.0 analysts recommending between $2.2 and $1.65.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 8 analysts. It ranges from a high estimate of $1.82B to a low estimate of $1.71B. As of the current estimate, O-I Glass Inc’s year-ago sales were $1.76BFor the next quarter, 8 analysts are estimating revenue of $1.73B. There is a high estimate of $1.77B 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 $6.91B, while the lowest revenue estimate was $6.42B, resulting in an average revenue estimate of $6.78B. In the same quarter a year ago, actual revenue was $7.11BBased on 10 analysts’ estimates, the company’s revenue will be $6.98B in the next fiscal year. The high estimate is $7.21B and the low estimate is $6.67B.
