The stock of O-I Glass Inc (OI) has gone down by -3.68% for the week, with a 1.53% rise in the past month and a -24.24% drop in the past quarter. The volatility ratio for the week is 3.72%, and the volatility levels for the past 30 days are 3.56% for OI. The simple moving average for the past 20 days is 2.02% for OI’s stock, with a -22.81% simple moving average for the past 200 days.
Is It Worth Investing in O-I Glass Inc (NYSE: OI) Right Now?
Additionally, the 36-month beta value for OI is 1.25. 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.”
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The public float for OI is 153.11M and currently, short sellers hold a 3.37% ratio of that float. The average trading volume of OI on July 25, 2024 was 1.85M shares.
OI) stock’s latest price update
O-I Glass Inc (NYSE: OI)’s stock price has decreased by -1.40 compared to its previous closing price of 11.41. However, the company has seen a -3.68% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-07-23 that O-I Glass (OI) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 -5.15% 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 -52.27% of loss for the given period.
Volatility was left at 3.56%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares surge +2.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.54% lower at present.
During the last 5 trading sessions, OI fell by -3.68%, which changed the moving average for the period of 200-days by -29.11% in comparison to the 20-day moving average, which settled at $11.04. In addition, O-I Glass Inc saw -31.32% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for OI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.19 for the gross margin
The net margin for O-I Glass Inc stands at -0.03. The total capital return value is set at 0.1. Equity return is now at value -13.72, with -2.52 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 0.15. The debt to equity ratio resting at 2.92. The interest coverage ratio of the stock is 1.92.
Currently, EBITDA for the company is 1.29 billion with net debt to EBITDA at 3.97. 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 8.57for 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 1.02.
Conclusion
In conclusion, O-I Glass Inc (OI) has seen bad 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.
