Additionally, the 36-month beta value for OI is 1.35. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
The public float for OI is 150.94M and currently, short sellers hold a 3.36% ratio of that float. The average trading volume of OI on April 03, 2024 was 1.70M shares.
OI) stock’s latest price update
O-I Glass Inc (NYSE: OI)’s stock price has plunge by 1.25relation to previous closing price of 16.76. Nevertheless, the company has seen a 9.13% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-26 that O-I Glass (OI) gets selected by the US Department of Energy to receive a fund of $125 million to boost its decarbonization project.
OI’s Market Performance
O-I Glass Inc (OI) has seen a 9.13% rise in stock performance for the week, with a -1.39% decline in the past month and a 3.60% surge in the past quarter. The volatility ratio for the week is 2.70%, and the volatility levels for the past 30 days are at 3.40% for OI. The simple moving average for the past 20 days is 6.22% for OI’s stock, with a -2.20% simple moving average for the past 200 days.
Analysts’ Opinion of OI
Many brokerage firms have already submitted their reports for OI stocks, with UBS repeating the rating for OI by listing it as a “Buy.” The predicted price for OI in the upcoming period, according to UBS is $26 based on the research report published on January 16, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see OI reach a price target of $18, previously predicting the price at $17. The rating they have provided for OI stocks is “Neutral” according to the report published on January 03rd, 2024.
Barclays gave a rating of “Equal Weight” to OI, setting the target price at $18 in the report published on October 11th of the previous year.
OI Trading at 6.54% from the 50-Day Moving Average
After a stumble in the market that brought OI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.00% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 2.70%, as shares surge +0.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.13% upper at present.
During the last 5 trading sessions, OI rose by +9.13%, which changed the moving average for the period of 200-days by -18.65% in comparison to the 20-day moving average, which settled at $15.98. In addition, O-I Glass Inc saw 3.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OI starting from Lopez Andres Alberto, who sale 76,132 shares at the price of $22.54 back on Jun 07 ’23. After this action, Lopez Andres Alberto now owns 1,036,969 shares of O-I Glass Inc, valued at $1,715,756 using the latest closing price.
Lopez Andres Alberto, the President & CEO of O-I Glass Inc, sale 59,174 shares at $22.02 during a trade that took place back on Jun 06 ’23, which means that Lopez Andres Alberto is holding 1,113,101 shares at $1,303,130 based on the most recent closing price.
Stock Fundamentals for OI
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.2 for the gross margin
The net margin for O-I Glass Inc stands at -0.01. The total capital return value is set at 0.11. Equity return is now at value -6.81, with -1.10 for asset returns.
Based on O-I Glass Inc (OI), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 3.01. The interest coverage ratio of the stock is 2.44.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 3.29. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 10.59for trailing twelve months and the total asset turnover is 0.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
In conclusion, O-I Glass Inc (OI) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
