The stock of Owens Corning (OC) has seen a -3.60% decrease in the past week, with a 1.02% gain in the past month, and a 6.51% flourish in the past quarter. The volatility ratio for the week is 2.42%, and the volatility levels for the past 30 days are at 2.06% for OC. The simple moving average for the last 20 days is -3.70% for OC stock, with a simple moving average of 12.71% for the last 200 days.
Is It Worth Investing in Owens Corning (NYSE: OC) Right Now?
The price-to-earnings ratio for Owens Corning (NYSE: OC) is above average at 12.24x. The 36-month beta value for OC is also noteworthy at 1.45. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 8 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for OC is 86.11M, and at present, short sellers hold a 2.08% of that float. The average trading volume of OC on April 19, 2024 was 689.81K shares.
OC) stock’s latest price update
The stock price of Owens Corning (NYSE: OC) has plunged by -1.46 when compared to previous closing price of 162.90, but the company has seen a -3.60% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Analysts’ Opinion of OC
Many brokerage firms have already submitted their reports for OC stocks, with Evercore ISI repeating the rating for OC by listing it as a “In-line.” The predicted price for OC in the upcoming period, according to Evercore ISI is $154 based on the research report published on February 15, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see OC reach a price target of $160, previously predicting the price at $170. The rating they have provided for OC stocks is “Equal Weight” according to the report published on February 12th, 2024.
JP Morgan gave a rating of “Neutral” to OC, setting the target price at $161 in the report published on December 14th of the previous year.
OC Trading at 1.89% from the 50-Day Moving Average
After a stumble in the market that brought OC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.56% of loss for the given period.
Volatility was left at 2.06%, however, over the last 30 days, the volatility rate increased by 2.42%, as shares sank -0.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.74% upper at present.
During the last 5 trading sessions, OC fell by -3.60%, which changed the moving average for the period of 200-days by +21.97% in comparison to the 20-day moving average, which settled at $166.68. In addition, Owens Corning saw 8.29% 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 OC starting from Mendez-Andino Jose, who sale 2,833 shares at the price of $156.72 back on Mar 15 ’24. After this action, Mendez-Andino Jose now owns 14,814 shares of Owens Corning, valued at $443,988 using the latest closing price.
Russell Paula, the EVP, Chief HR Officer of Owens Corning, sale 3,765 shares at $162.00 during a trade that took place back on Mar 14 ’24, which means that Russell Paula is holding 20,419 shares at $609,930 based on the most recent closing price.
Stock Fundamentals for OC
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.28 for the gross margin
The net margin for Owens Corning stands at 0.12. The total capital return value is set at 0.18. Equity return is now at value 24.56, with 10.88 for asset returns.
Based on Owens Corning (OC), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.53. The debt to equity ratio resting at 0.63. The interest coverage ratio of the stock is 21.36.
Currently, EBITDA for the company is 2.09 billion with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 1.61. The receivables turnover for the company is 9.8for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In summary, Owens Corning (OC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
