As of Friday close, O-I Glass Inc.’s (NYSE:OI) stock was up $0.01, moving up 0.05 percent to $19.21. The average number of shares traded per day over the past five days has been 876,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.74 fall in that time frame. In the last twenty days, the average volume was 1,038,310, while in the previous 50 days, it was 1,010,526.
Since last month, OI stock retreated -16.70%. Shares of the company fell to $18.92 on 08/18/23, the lowest level in the past month. A 52-week high of $23.57 was reached on 07/25/23 after having rallying from a 52-week low of $12.05. Since the beginning of this year, OI’s stock price has risen by 15.93% or $2.64, and marked a new high 9 times. However, the stock has declined by -18.50% since its 52-week high.
OI stock investors should be aware that O-I Glass Inc. (OI) stock had its last reported insider trading activity 73 days ago on Jun 07. Lopez Andres Alberto, the President & CEO of the company, disposed of 76,132 shares for $22.54 on Jun 07. It resulted in a $1,715,756 divestment by the insider. Lopez Andres Alberto sold 59,174 shares at an average price of $22.02 on Jun 06. The insider now owns 1,113,101 shares following the transaction. On Feb 07, President, Bus Ops & OI Europe Torno Vitaliano sold 17,299 shares at $22.22 apiece. The transaction was valued at $384,306.
Valuation Metrics
Right now, O-I Glass Inc. (OI) has a P/E ratio of about 4.35. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.43, the price-to-book (PB) ratio of 1.68.
The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05.
Financial Health
In the three months ended June 29, O-I Glass Inc.’s quick ratio stood at 0.80, while its current ratio was 1.20, 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 June 29 was 2.50, and the total debt-to-equity ratio was 2.69. On the profitability front, the trailing twelve-month gross margin is 19.90% percent. In the year ended June 29, EBITDA margin amounted to 14.67%, whereas operating margins totaled 16.40%. 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 49.50%.
In O-I Glass Inc.’s quarter-end financial report for June 29, it reported total debt of $4.78 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 5.93% to $1.83 billion during the quarter, while net income inched up to $1.89 billion. While analysts expected O-I Glass Inc. to report $0.83 quarterly earnings, the actual figure was $0.88 per share, beating the consensus estimate by 6.00%. During the quarter, the company generated $375.0 million in EBITDA. The liabilities of O-I Glass Inc. were 7.77 billion at the end of its most recent quarter ended June 29, and its total debt was $5.02 billion. The value of shareholders’ equity is $155.06 million.
Technical Picture
This quick technical analysis looks at O-I Glass Inc.’s (OI) price momentum. With a historical volatility rate of 18.32%, the RSI 9-day stood at 28.85% on 18 August.
With respect to its five-day moving average, the current O-I Glass Inc. price is down by -3.71% percent or -$0.74. At present, OI shares trade -16.44% below its 20-day simple moving average and -11.56% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.13% below its SMA50 and +17.78% above its SMA200.
Stochastic coefficient K was 5.71% and Stochastic coefficient D was 5.29%, while ATR was 0.64. Given the Stochastic reading of 7.57% for the 14-day period, the RSI (14) reading has been calculated as 33.53%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -0.75.
Analyst Ratings
RBC Capital Mkts upgraded its rating on O-I Glass Inc. (NYSE: OI) to an Outperform in a note to investors on February 02, 2023. The analysts firm previously had a Sector perform rating on the stock.O-I Glass Inc. (OI) has been rated Overweight by analysts. According to 1 brokerage firm, OI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate O-I Glass Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $28.00, the current consensus forecast for the stock is $19.00 – $32.00. Based on these forecasts, analysts predict O-I Glass Inc. (OI) will achieve an average price target of $26.50.
