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In the latest session, O-I Glass Inc (NYSE: OI) closed at $10.69 down -4.13% from its previous closing price of $11.15. In other words, the price has decreased by -$4.13 from its previous closing price. On the day, 2.18 million shares were traded. OI stock price reached its highest trading level at $11.08 during the session, while it also had its lowest trading level at $10.43.
Ratios:
For a deeper understanding of O-I Glass Inc’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1653176448 and an Enterprise Value of 6144174080. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 0.925 whereas that against EBITDA is 6.543.
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 -13.78%, while the 200-Day Moving Average is calculated to be -17.41%.
Shares Statistics:
For the past three months, OI has traded an average of 1.38M shares per day and 1131760 over the past ten days. A total of 154.65M shares are outstanding, with a floating share count of 151.59M. Insiders hold about 1.98% of the company’s shares, while institutions hold 96.64% stake in the company. Shares short for OI as of 1732838400 were 4693909 with a Short Ratio of 3.39, compared to 1730332800 on 4985697. Therefore, it implies a Short% of Shares Outstanding of 4693909 and a Short% of Float of 5.17.
