For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
O-I Glass Inc (NYSE: OI) closed the day trading at $11.82 down -0.25% from the previous closing price of $11.85. In other words, the price has decreased by -$0.25 from its previous closing price. On the day, 1.06 million shares were traded. OI stock price reached its highest trading level at $12.205 during the session, while it also had its lowest trading level at $11.735.
Ratios:
For a better understanding of OI, let’s look at its different 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:
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 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 1827927552 and an Enterprise Value of 6318924800. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.27 while its Price-to-Book (P/B) ratio in mrq is 1.36. Its current Enterprise Value per Revenue stands at 0.951 whereas that against EBITDA is 6.729.
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 -6.17%, while the 200-Day Moving Average is calculated to be -9.85%.
Shares Statistics:
Over the past 3-months, OI traded about 1.39M shares per day on average, while over the past 10 days, OI traded about 990500 shares per day. A total of 154.65M shares are outstanding, with a floating share count of 151.61M. Insiders hold about 1.97% of the company’s shares, while institutions hold 96.64% stake in the company. Shares short for OI as of 1731628800 were 5243158 with a Short Ratio of 3.78, compared to 1728950400 on 5355812. Therefore, it implies a Short% of Shares Outstanding of 5243158 and a Short% of Float of 5.7700000000000005.
