The stock price of O-I Glass Inc (NYSE: OI) has surged by 1.56 when compared to previous closing price of 10.26, but the company has seen a -5.01% decline in its stock price over the last five trading sessions. globenewswire.com reported 2025-01-08 that PERRYSBURG, Ohio, Jan. 08, 2025 (GLOBE NEWSWIRE) — O-I Glass, Inc. (NYSE: OI) has scheduled its full year and fourth quarter 2024 conference call and webcast for Wednesday, February 5, 2025, at 8 a.m. EST. The Company’s news release for the full year and fourth quarter 2024 earnings will be issued after the market closes on Tuesday, February 4.
Is It Worth Investing in O-I Glass Inc (NYSE: OI) Right Now?
OI has 36-month beta value of 1.22. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for OI is 151.54M, and currently, short sellers hold a 4.14% ratio of that float. The average trading volume of OI on January 15, 2025 was 1.48M shares.
OI’s Market Performance
The stock of O-I Glass Inc (OI) has seen a -5.01% decrease in the past week, with a -11.54% drop in the past month, and a -21.71% fall in the past quarter. The volatility ratio for the week is 3.17%, and the volatility levels for the past 30 days are at 4.04% for OI. The simple moving average for the last 20 days is -0.82% for OI stock, with a simple moving average of -16.52% for the last 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 “Buy.” The predicted price for OI in the upcoming period, according to BofA Securities is $16 based on the research report published on October 17, 2024 of the previous year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see OI reach a price target of $16, previously predicting the price at $21. The rating they have provided for OI stocks is “Neutral” according to the report published on April 19th, 2024.
UBS gave a rating of “Buy” to OI, setting the target price at $26 in the report published on January 16th of the previous year.
OI Trading at -10.38% 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 -40.73% of loss for the given period.
Volatility was left at 4.04%, however, over the last 30 days, the volatility rate increased by 3.17%, as shares sank -9.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.78% lower at present.
During the last 5 trading sessions, OI fell by -5.01%, which changed the moving average for the period of 200-days by -35.64% in comparison to the 20-day moving average, which settled at $10.51. In addition, O-I Glass Inc saw -3.87% 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 BURNS RANDOLPH L, who purchase 13,000 shares at the price of $11.38 back on Nov 04 ’24. After this action, BURNS RANDOLPH L now owns 70,817 shares of O-I Glass Inc, valued at $147,943 using the latest closing price.
Haudrich John, the SVP & Chief Financial Officer of O-I Glass Inc, purchase 8,000 shares at $12.25 during a trade that took place back on Aug 15 ’24, which means that Haudrich John is holding 350,846 shares at $97,991 based on the most recent closing price.
Stock Fundamentals for OI
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.15 for the gross margin
The net margin for O-I Glass Inc stands at -0.06. The total capital return value is set at 0.07. Equity return is now at value -25.25, with -4.41 for asset returns.
Based on O-I Glass Inc (OI), the company’s capital structure generated 0.8 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 3.89. The interest coverage ratio of the stock is 1.45.
Currently, EBITDA for the company is 892.0 million with net debt to EBITDA at 8.82. 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 8.37for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.23.
Conclusion
To put it simply, O-I Glass Inc (OI) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
