O-I Glass Inc. (OI) average volume reaches $1.35M: Is Wall Street expecting a rally?

On January 24, 2023, O-I Glass Inc. (NYSE: OI) opened at $18.92, lower -0.95% from the last session. During the day, the shares moved up to $19.02 and dropped to $18.70 before settling in for the closing price of $18.94. Price fluctuations for OI have ranged from $11.51 to $19.92 over the past 52 weeks.


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During the last 5-year period, the sales drop of Consumer Cyclical Sector giant was -1.10%. Company’s average yearly earnings per share was noted -43.50% at the time writing. With a float of $153.24 million, this company’s outstanding shares have now reached $158.94 million.

Let’s determine the extent of company efficiency that accounts for 24000 employees.

O-I Glass Inc. (OI) Insider Activity

A key investor’s attitude towards the stock of the Packaging & Containers industry is another important factor to consider. The insider ownership of O-I Glass Inc. is 0.10%, while institutional ownership is 97.00%.

O-I Glass Inc. (OI) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 6/29/2022, the company posted $0.73 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.65) by $0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -43.50% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.14% during the next five years compared to -7.80% drop over the previous five years of trading.

O-I Glass Inc. (NYSE: OI) Trading Performance Indicators

Check out the current performance indicators for O-I Glass Inc. (OI). In the past quarter, the stock posted a quick ratio of 0.80. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.42.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.87, a number that is poised to hit 0.32 in the next quarter and is forecasted to reach 2.28 in one year’s time.

Technical Analysis of O-I Glass Inc. (OI)

Looking closely at O-I Glass Inc. (NYSE: OI), its last 5-days average volume was 0.83 million, which is a drop from its year-to-date volume of 1.4 million. As of the previous 9 days, the stock’s Stochastic %D was 37.21%. Additionally, its Average True Range was 0.61.

During the past 100 days, O-I Glass Inc.’s (OI) raw stochastic average was set at 85.26%, which indicates a significant increase from 62.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.19% in the past 14 days, which was higher than the 45.12% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $17.19, while its 200-day Moving Average is $15.02. However, in the short run, O-I Glass Inc.’s stock first resistance to watch stands at $18.95. Second resistance stands at $19.15. The third major resistance level sits at $19.27. If the price goes on to break the first support level at $18.63, it is likely to go to the next support level at $18.51. Should the price break the second support level, the third support level stands at $18.31.

O-I Glass Inc. (NYSE: OI) Key Stats

There are currently 155,138K shares outstanding in the company with a market cap of 2.86 billion. Presently, the company’s annual sales total 6,357 M according to its annual income of 149,000 K. Last quarter, the company’s sales amounted to 1,693 M and its income totaled 231,000 K.

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