O-I Glass Inc (NYSE: OI) kicked off on Friday, up 6.45% from the previous trading day, before settling in for the closing price of $11.93. Over the past 52 weeks, OI has traded in a range of $10.08-$18.70.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 0.84%. While this was happening, its average annual earnings per share was recorded -63.03%. With a float of $152.49 million, this company’s outstanding shares have now reached $154.25 million.
The extent of productivity of a business whose workforce counts for 23000 workers is very important to gauge. In terms of profitability, gross margin is 17.28%, operating margin of 8.95%, and the pretax margin is -2.03%.
O-I Glass Inc (OI) Insider and Institutional Ownership
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 1.85%, while institutional ownership is 95.74%. The most recent insider transaction that took place on Aug 15 ’24, was worth 97,991. In this transaction SVP & Chief Financial Officer of this company bought 8,000 shares at a rate of $12.25, taking the stock ownership to the 350,846 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Director bought 15,000 for $11.30, making the entire transaction worth $169,444. This insider now owns 84,227 shares in total.
O-I Glass Inc (OI) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.8 earnings per share (EPS), higher than consensus estimate (set at 0.7) by 0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.21 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -63.03% 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 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.91, a number that is poised to hit 0.04 in the next quarter and is forecasted to reach 1.89 in one year’s time.
Technical Analysis of O-I Glass Inc (OI)
The latest stats from [O-I Glass Inc, OI] show that its last 5-days average volume of 1.47 million was inferior to 1.74 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 44.78%. Additionally, its Average True Range was 0.48.
During the past 100 days, O-I Glass Inc’s (OI) raw stochastic average was set at 46.50%, which indicates a significant decrease from 69.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.20% in the past 14 days, which was lower than the 51.79% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.84, while its 200-day Moving Average is $14.02. Now, the first resistance to watch is $12.90. This is followed by the second major resistance level at $13.09. The third major resistance level sits at $13.46. If the price goes on to break the first support level at $12.34, it is likely to go to the next support level at $11.97. The third support level lies at $11.78 if the price breaches the second support level.
O-I Glass Inc (NYSE: OI) Key Stats
The company with the Market Capitalisation of 1.97 billion has total of 155,722K 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 1,729 M and last quarter income was 57,000 K.
