As of Friday close, O-I Glass Inc.’s (NYSE:OI) stock was down -$0.76, moving down -3.49 percent to $20.99. The average number of shares traded per day over the past five days has been 2,054,220 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.18 fall in that time frame. In the last twenty days, the average volume was 1,407,620, while in the previous 50 days, it was 1,380,300.
Since last month, OI stock retreated -5.87%. Shares of the company fell to $20.47 on 03/13/23, the lowest level in the past month. A 52-week high of $23.52 was reached on 02/03/23 after having rallying from a 52-week low of $11.60. Since the beginning of this year, OI’s stock price has risen by 26.67% or $4.42, and marked a new high 8 times. However, the stock has declined by -10.76% since its 52-week high.
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OI stock investors should be aware that O-I Glass Inc. (OI) stock had its last reported insider trading activity 39 days ago on Feb 07. Torno Vitaliano, the President, Bus Ops & OI Europe of the company, disposed of 17,299 shares for $22.22 on Feb 07. It resulted in a $384,306 divestment by the insider. AUJOUANNET ARNAUD sold 2,510 shares at an average price of $22.33 on Feb 07. The insider now owns 55,368 shares following the transaction.
Right now, O-I Glass Inc. (OI) has a P/E ratio of about 5.70. The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 0.49, the price-to-book (PB) ratio of 2.14.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05.
In the three months ended December 30, O-I Glass Inc.’s quick ratio stood at 0.70, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 3.08, and the total debt-to-equity ratio was 3.33. On the profitability front, the trailing twelve-month gross margin is 17.70% percent. In the year ended December 30, operating margins totaled 15.20%. Based on annual data, OI earned $1.21 billion in gross profit and brought in $6.86 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.10%. Return on equity (ROE) for the past 12 months was 48.10%.
In O-I Glass Inc.’s quarter-end financial report for December 30, it reported total debt of $4.37 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. OI’s revenue rose 6.2% to $1.69 billion during the quarter, while net income inched up to $1.69 billion. While analysts expected O-I Glass Inc. to report $0.32 quarterly earnings, the actual figure was $0.38 per share, beating the consensus estimate by 18.80%. During the quarter, the company generated $61.0 million in EBITDA. The liabilities of O-I Glass Inc. were 7.53 billion at the end of its most recent quarter ended December 30, and its total debt was $4.95 billion. The value of shareholders’ equity is $154.36 million.
This quick technical analysis looks at O-I Glass Inc.’s (OI) price momentum. With a historical volatility rate of 37.24%, the RSI 9-day stood at 40.09% on 17 March.
With respect to its five-day moving average, the current O-I Glass Inc. price is down by -0.85% percent or -$0.18. At present, OI shares trade -5.19% below its 20-day simple moving average and +26.75% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.79% above its SMA50 and +27.60% above its SMA200.
Stochastic coefficient K was 26.69% and Stochastic coefficient D was 26.51%, while ATR was 0.81. Given the Stochastic reading of 17.13% for the 14-day period, the RSI (14) reading has been calculated as 44.77%. As of today, the MACD Oscillator reading stands at -0.35, while the 14-day reading stands at -0.76.