Owens Corning (NYSE: OC) has a price-to-earnings ratio that is above its average at 15.94x. The stock has a 36-month beta value of 1.40. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.90% of that float. On November 08, 2024, the average trading volume of OC was 710.33K shares.
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OC) stock’s latest price update
Owens Corning (NYSE: OC)’s stock price has gone rise by 1.51 in comparison to its previous close of 184.64, however, the company has experienced a 6.01% increase in its stock price over the last five trading days. zacks.com reported 2024-11-07 that OC’s third-quarter results benefit from cost control measures like reducing general corporate expenses and optimizing its manufacturing footprint.
OC’s Market Performance
OC’s stock has risen by 6.01% in the past week, with a monthly rise of 2.98% and a quarterly rise of 19.35%. The volatility ratio for the week is 3.87% while the volatility levels for the last 30 days are 2.82% for Owens Corning. The simple moving average for the past 20 days is 2.02% for OC’s stock, with a 11.24% 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 6.89% 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 -2.10% of loss for the given period.
Volatility was left at 2.82%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares surge +6.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.94% upper at present.
During the last 5 trading sessions, OC rose by +6.01%, which changed the moving average for the period of 200-days by +27.63% in comparison to the 20-day moving average, which settled at $183.72. In addition, Owens Corning saw 26.44% 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:
- 0.18 for the present operating margin
- 0.3 for the gross margin
The net margin for Owens Corning stands at 0.1. The total capital return value is set at 0.15. Equity return is now at value 19.31, with 7.93 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 0.32. The debt to equity ratio resting at 1.06. The interest coverage ratio of the stock is 11.42.
Currently, EBITDA for the company is 2.09 billion with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 2.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
To sum up, Owens Corning (OC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.