The stock has a 36-month beta value of 1.37. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for OI is 150.94M, and at present, short sellers hold a 2.89% of that float. On April 25, 2024, the average trading volume of OI was 1.73M shares.
OI) stock’s latest price update
The stock price of O-I Glass Inc (NYSE: OI) has jumped by 0.27 compared to previous close of 14.85. Despite this, the company has seen a fall of -1.33% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-03 that PERRYSBURG, Ohio, April 03, 2024 (GLOBE NEWSWIRE) — O-I Glass, Inc. (NYSE: OI) has scheduled its first quarter 2024 conference call and webcast for Wednesday, May 1, 2024, at 8 a.m. EDT. The Company’s news release for the first quarter 2024 earnings will be issued after the market closes on Tuesday, April 30.
OI’s Market Performance
O-I Glass Inc (OI) has experienced a -1.33% fall in stock performance for the past week, with a -4.24% drop in the past month, and a 0.54% rise in the past quarter. The volatility ratio for the week is 3.09%, and the volatility levels for the past 30 days are at 3.38% for OI. The simple moving average for the past 20 days is -5.52% for OI’s stock, with a -12.02% simple moving average for the past 200 days.
Analysts’ Opinion of OI
Many brokerage firms have already submitted their reports for OI stocks, with BofA Securities repeating the rating for OI by listing it as a “Neutral.” The predicted price for OI in the upcoming period, according to BofA Securities is $16 based on the research report published on April 19, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see OI reach a price target of $26. The rating they have provided for OI stocks is “Buy” according to the report published on January 16th, 2024.
Citigroup gave a rating of “Neutral” to OI, setting the target price at $18 in the report published on January 03rd of the current year.
OI Trading at -7.49% 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 -36.83% of loss for the given period.
Volatility was left at 3.38%, however, over the last 30 days, the volatility rate increased by 3.09%, as shares sank -4.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.37% lower at present.
During the last 5 trading sessions, OI fell by -1.33%, which changed the moving average for the period of 200-days by -29.80% in comparison to the 20-day moving average, which settled at $15.72. In addition, O-I Glass Inc saw -9.10% in overturn over a single year, with a tendency to cut further losses.
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 0.92. 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
To sum up, O-I Glass Inc (OI) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
