The stock of O-I Glass Inc (NYSE: OI) has increased by 1.03 when compared to last closing price of 11.61.Despite this, the company has seen a gain of 3.35% in its stock price over the last five trading days. zacks.com reported 2025-02-04 that O-I Glass (OI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.12 per share a year ago.
Is It Worth Investing in O-I Glass Inc (NYSE: OI) Right Now?
The stock has a 36-month beta value of 1.21. Opinions on the stock are mixed, 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 at present, short sellers hold a 4.15% of that float. On February 05, 2025, the average trading volume of OI was 1.44M shares.
OI’s Market Performance
OI stock saw an increase of 3.35% in the past week, with a monthly gain of 9.12% and a quarterly increase of 5.58%. The volatility ratio for the week is 3.60%, and the volatility levels for the last 30 days are 3.49% for O-I Glass Inc (OI).. The simple moving average for the past 20 days is 6.79% for OI’s stock, with a -3.43% 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 “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 3.97% 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 -33.28% of loss for the given period.
Volatility was left at 3.49%, however, over the last 30 days, the volatility rate increased by 3.60%, as shares surge +10.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.54% lower at present.
During the last 5 trading sessions, OI rose by +3.35%, which changed the moving average for the period of 200-days by -22.27% in comparison to the 20-day moving average, which settled at $10.98. In addition, O-I Glass Inc saw 8.21% 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 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 0.95. 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 sum up, O-I Glass Inc (OI) 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’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.
