O-I Glass Inc (NYSE: OI) kicked off on Friday, down -3.59% from the previous trading day, before settling in for the closing price of $15.87. Over the past 52 weeks, OI has traded in a range of $13.56-$23.57.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 0.84%. While this was happening, its average annual earnings per share was recorded -22.32%. With a float of $150.94 million, this company’s outstanding shares have now reached $154.25 million.
Let’s determine the extent of company efficiency that accounts for 23000 employees.
O-I Glass Inc (OI) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Packaging & Containers Industry. The insider ownership of O-I Glass Inc is 1.78%, while institutional ownership is 98.64%. The most recent insider transaction that took place on Jun 07 ’23, was worth 1,715,756. In this transaction President & CEO of this company sold 76,132 shares at a rate of $22.54, taking the stock ownership to the 1,036,969 shares. Before that another transaction happened on Jun 06 ’23, when Company’s President & CEO sold 59,174 for $22.02, making the entire transaction worth $1,303,130. This insider now owns 1,113,101 shares in total.
O-I Glass Inc (OI) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 90.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -22.32% per share during the next fiscal year.
O-I Glass Inc (NYSE: OI) Trading Performance Indicators
Take a look at O-I Glass Inc’s (OI) current performance indicators. Last quarter, stock had a quick ratio of 0.77. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.33. Likewise, its price to free cash flow for the trailing twelve months is 21.77.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.74, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 2.69 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 1.35 million, which is a drop from its year-to-date volume of 1.7 million. As of the previous 9 days, the stock’s Stochastic %D was 18.31%. Additionally, its Average True Range was 0.58.
During the past 100 days, O-I Glass Inc’s (OI) raw stochastic average was set at 35.96%, which indicates a significant increase from 1.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.48% in the past 14 days, which was higher than the 43.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $16.13, while its 200-day Moving Average is $17.14. However, in the short run, O-I Glass Inc’s stock first resistance to watch stands at $15.72. Second resistance stands at $16.14. The third major resistance level sits at $16.37. If the price goes on to break the first support level at $15.07, it is likely to go to the next support level at $14.84. Should the price break the second support level, the third support level stands at $14.42.
O-I Glass Inc (NYSE: OI) Key Stats
The company with the Market Capitalisation of 2.35 billion has total of 155,686K Shares Outstanding. Its annual sales at the moment are 7,105 M in contrast with the sum of -103,000 K annual income. Company’s last quarter sales were recorded 1,641 M and last quarter income was -470,000 K.
