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O-I Glass Inc (NYSE: OI) closed the day trading at $15.09 down -0.59% from the previous closing price of $15.18. In other words, the price has decreased by -$0.59 from its previous closing price. On the day, 1.1 million shares were traded. OI stock price reached its highest trading level at $15.565 during the session, while it also had its lowest trading level at $15.09.
Ratios:
For a better understanding of OI, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.47. 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 this company, UBS on January 16, 2024, initiated with a Buy rating and assigned the stock a target price of $26.
On January 03, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also upped its target price recommendation from $17 to $18.
Barclays Upgraded its Underweight to Equal Weight on October 11, 2023, whereas the target price for the stock was revised from $19 to $18.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 2349301760 and an Enterprise Value of 6714878464. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.33 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 0.945 whereas that against EBITDA is 5.317.
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 -6.50%, while the 200-Day Moving Average is calculated to be -11.68%.
Shares Statistics:
Over the past 3-months, OI traded about 1.73M shares per day on average, while over the past 10 days, OI traded about 1481490 shares per day. 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 98.82% stake in the company. Shares short for OI as of 1711584000 were 4364054 with a Short Ratio of 2.53, 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 firm’s stock currently is rated by Crude Oil May 24 analysts. The consensus estimate for the next quarter is $86.73, with high estimates of $82.23 and low estimates of $2.56.
EPS for the following year is $Future, with Future analysts recommending between $Future and $Future.
