Owens Corning (NYSE: OC) has a higher price-to-earnings ratio of 15.53x compared to its average ratio. OC has 36-month beta value of 1.41. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 8 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for OC is 86.08M, and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of OC on October 25, 2024 was 720.76K shares.
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OC) stock’s latest price update
Owens Corning (NYSE: OC)’s stock price has gone rise by 1.16 in comparison to its previous close of 181.32, however, the company has experienced a -2.13% decrease in its stock price over the last five trading days. zacks.com reported 2024-10-23 that Zacks.com users have recently been watching Owens Corning (OC) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
OC’s Market Performance
Owens Corning (OC) has experienced a -2.13% fall in stock performance for the past week, with a 7.70% rise in the past month, and a 1.85% rise in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.71% for OC.. The simple moving average for the past 20 days is 1.41% for OC’s stock, with a 9.92% simple moving average for the past 200 days.
Analysts’ Opinion of OC
Many brokerage firms have already submitted their reports for OC stocks, with Citigroup repeating the rating for OC by listing it as a “Buy.” The predicted price for OC in the upcoming period, according to Citigroup is $191 based on the research report published on July 11, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see OC reach a price target of $187. The rating they have provided for OC stocks is “Neutral” according to the report published on June 17th, 2024.
Jefferies gave a rating of “Buy” to OC, setting the target price at $215 in the report published on May 22nd of the current year.
OC Trading at 6.72% 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 -4.18% of loss for the given period.
Volatility was left at 2.71%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.70% upper at present.
During the last 5 trading sessions, OC fell by -2.13%, which changed the moving average for the period of 200-days by +21.36% in comparison to the 20-day moving average, which settled at $180.87. In addition, Owens Corning saw 23.75% 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 Sandri Marcio A, who sale 3,051 shares at the price of $176.50 back on Sep 19 ’24. After this action, Sandri Marcio A now owns 57,079 shares of Owens Corning, valued at $538,502 using the latest closing price.
Sandri Marcio A, the President, Composites of Owens Corning, sale 3,050 shares at $170.00 during a trade that took place back on Sep 17 ’24, which means that Sandri Marcio A is holding 60,130 shares at $518,500 based on the most recent closing price.
Stock Fundamentals for OC
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.3 for the gross margin
The net margin for Owens Corning stands at 0.11. The total capital return value is set at 0.15. Equity return is now at value 20.06, with 8.09 for asset returns.
Based on Owens Corning (OC), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.33. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 16.41.
Currently, EBITDA for the company is 2.09 billion with net debt to EBITDA at 2.7. When we switch over and look at the enterprise to sales, we see a ratio of 2.2. The receivables turnover for the company is 5.88for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.37.
Conclusion
To put it simply, Owens Corning (OC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
