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O-I Glass Inc (NYSE: OI) closed the day trading at $12.52 down -5.01% from the previous closing price of $13.18. In other words, the price has decreased by -$5.01 from its previous closing price. On the day, 1.04 million shares were traded. OI stock price reached its highest trading level at $13.12 during the session, while it also had its lowest trading level at $12.515.
Ratios:
For a better understanding of OI, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 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 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 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 1945157376 and an Enterprise Value of 6422160896. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.29 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 0.958 whereas that against EBITDA is 6.036.
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 -1.17%, while the 200-Day Moving Average is calculated to be -8.31%.
Shares Statistics:
Over the past 3-months, OI traded about 1.53M shares per day on average, while over the past 10 days, OI traded about 1195200 shares per day. 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 95.52% stake in the company. Shares short for OI as of 1727654400 were 4735201 with a Short Ratio of 3.09, compared to 1724976000 on 4610929. Therefore, it implies a Short% of Shares Outstanding of 4735201 and a Short% of Float of 5.17.
