Witnessing the stock’s movement on the chart, on Thursday, Owens Corning (NYSE: OC) had a quiet start as it plunged -1.46% to $160.52, before settling in for the price of $162.90 at the close. Taking a more long-term approach, OC posted a 52-week range of $98.02-$173.65.
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In the past 5-years timespan, the Industrials sector firm’s annual sales growth was 6.89%. Meanwhile, its Annual Earning per share during the time was 21.79%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -2.73%. This publicly-traded company’s shares outstanding now amounts to $87.20 million, simultaneously with a float of $86.11 million. The organization now has a market capitalization sitting at $13.96 billion. At the time of writing, stock’s 50-day Moving Average stood at $157.68, while the 200-day Moving Average is $142.57.
Owens Corning (OC) Ownership Facts and Figures
Nothing is more important than checking the behaviour of major investors towards the stock of the Building Products & Equipment industry. Owens Corning’s current insider ownership accounts for 1.01%, in contrast to 94.01% institutional ownership. According to the most recent insider trade that took place on Mar 15 ’24, this organization’s EVP, Chief R&D Officer sold 2,833 shares at the rate of 156.72, making the entire transaction reach 443,988 in total value, affecting insider ownership by 14,814. Preceding that transaction, on Mar 14 ’24, Company’s EVP, Chief HR Officer sold 3,765 for 162.00, making the whole transaction’s value amount to 609,930. This particular insider is now the holder of 20,419 in total.
Owens Corning (OC) Earnings and Revenue Records
Owens Corning’s EPS decrease for this current 12-month fiscal period is -2.73% and is forecasted to reach 14.97 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 7.70% through the next 5 years, which can be compared against the 21.79% growth it accomplished over the previous five years trading on the market.
Owens Corning (NYSE: OC) Trading Performance Indicators
Let’s observe the current performance indicators for Owens Corning (OC). It’s Quick Ratio in the last reported quarter now stands at 1.17. The Stock has managed to achieve an average true range (ATR) of 3.78. Alongside those numbers, its PE Ratio stands at $12.24, and its Beta score is 1.45. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.44. Similarly, its price to free cash flow for trailing twelve months is now 11.70.
In the same vein, OC’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 13.12, a figure that is expected to reach 3.06 in the next quarter, and analysts are predicting that it will be 14.97 at the market close of one year from today.
Technical Analysis of Owens Corning (OC)
Going through the that latest performance of [Owens Corning, OC]. Its last 5-days volume of 0.64 million was inferior to the volume of 0.67 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 18.39% While, its Average True Range was 3.88.
Raw Stochastic average of Owens Corning (OC) in the period of the previous 100 days is set at 68.77%, which indicates a major rise in contrast to 5.34% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 20.89% that was lower than 26.24% volatility it exhibited in the past 100-days period.
