Owens Corning (OC)’s Market Momentum: Closing Strong at 183.43, Up 1.16

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As of close of business last night, Owens Corning’s stock clocked out at $183.43, up 1.16% from its previous closing price of $181.32. In other words, the price has increased by $1.16 from its previous closing price. On the day, 0.72 million shares were traded. OC stock price reached its highest trading level at $185.905 during the session, while it also had its lowest trading level at $180.27.

Ratios:

To gain a deeper understanding of OC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 58.21 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 11.81. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 1.11 whereas as Long-Term Debt/Eq ratio is at 0.99.

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, Citigroup on July 11, 2024, Upgraded its rating to Buy and sets its target price to $191 from $178 previously.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 19 ’24 when Sandri Marcio A sold 3,051 shares for $176.50 per share. The transaction valued at 538,502 led to the insider holds 57,079 shares of the business.

Sandri Marcio A sold 3,050 shares of OC for $518,500 on Sep 17 ’24. The President, Composites now owns 60,130 shares after completing the transaction at $170.00 per share. On Sep 19 ’24, another insider, Sandri Marcio A, who serves as the Officer of the company, bought 3,051 shares for $176.50 each.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, OC now has a Market Capitalization of 15948944384 and an Enterprise Value of 21830938624. As of this moment, Owens’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.53, and their Forward P/E ratio for the next fiscal year is 11.14. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.93. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 2.91. Its current Enterprise Value per Revenue stands at 2.211 whereas that against EBITDA is 9.541.

Stock Price History:

Over the past 52 weeks, OC has reached a high of $191.44, while it has fallen to a 52-week low of $109.95. The 50-Day Moving Average of the stock is 6.72%, while the 200-Day Moving Average is calculated to be 9.92%.

Shares Statistics:

It appears that OC traded 720.76K shares on average per day over the past three months and 677470 shares per day over the past ten days. A total of 87.20M shares are outstanding, with a floating share count of 86.08M. Insiders hold about 1.00% of the company’s shares, while institutions hold 94.15% stake in the company. Shares short for OC as of 1727654400 were 1620176 with a Short Ratio of 2.25, compared to 1724976000 on 1747839. Therefore, it implies a Short% of Shares Outstanding of 1620176 and a Short% of Float of 2.4400001000000002.

Dividends & Splits

With its trailing 12-month dividend rate of 2.32, OC has a forward annual dividend rate of 2.40. Against a Trailing Annual Dividend Yield of 0.012795057The stock’s 5-year Average Dividend Yield is 1.42.

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