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In the latest session, O-I Glass Inc (NYSE: OI) closed at $11.92 down -1.00% from its previous closing price of $12.04. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 1.75 million shares were traded. OI stock price reached its highest trading level at $11.94 during the session, while it also had its lowest trading level at $11.53.
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 0.75 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:
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 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 1851938944 and an Enterprise Value of 6328942592. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.28 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 0.944 whereas that against EBITDA is 5.948.
Stock Price History:
Over the past 52 weeks, OI has reached a high of $19.04, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 1.53%, while the 200-Day Moving Average is calculated to be -15.21%.
Shares Statistics:
For the past three months, OI has traded an average of 1.84M shares per day and 1308620 over the past ten days. A total of 154.25M shares are outstanding, with a floating share count of 152.49M. Insiders hold about 1.85% of the company’s shares, while institutions hold 95.74% stake in the company. Shares short for OI as of 1723680000 were 5710356 with a Short Ratio of 3.10, compared to 1721001600 on 4999589. Therefore, it implies a Short% of Shares Outstanding of 5710356 and a Short% of Float of 6.23.
