Owens Corning (OC) average volume reaches $712.30K: Is Wall Street expecting a rally?

On Monday, Owens Corning (NYSE: OC) opened higher 5.47% from the last session, before settling in for the closing price of $172.01. Price fluctuations for OC have ranged from $109.95 to $191.13 over the past 52 weeks.

During the last 5-year period, the sales growth of Industrials Sector giant was 6.89%. Company’s average yearly earnings per share was noted 6.69% at the time writing. With a float of $86.08 million, this company’s outstanding shares have now reached $87.20 million.

Let’s determine the extent of company efficiency that accounts for 18000 employees. In terms of profitability, gross margin is 29.52%, operating margin of 18.62%, and the pretax margin is 14.13%.

Owens Corning (OC) Insider Activity

A key investor’s attitude towards the stock of the Building Products & Equipment industry is another important factor to consider. The insider ownership of Owens Corning is 1.00%, while institutional ownership is 93.96%. The most recent insider transaction that took place on Sep 19 ’24, was worth 538,502. In this transaction President, Composites of this company sold 3,051 shares at a rate of $176.50, taking the stock ownership to the 57,079 shares. Before that another transaction happened on Sep 17 ’24, when Company’s President, Composites sold 3,050 for $170.00, making the entire transaction worth $518,500. This insider now owns 60,130 shares in total.

Owens Corning (OC) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around 6.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.13% during the next five years compared to 21.79% growth over the previous five years of trading.

Owens Corning (NYSE: OC) Trading Performance Indicators

Check out the current performance indicators for Owens Corning (OC). In the past quarter, the stock posted a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.60. Likewise, its price to free cash flow for the trailing twelve months is 11.68.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.81, a number that is poised to hit 4.04 in the next quarter and is forecasted to reach 16.37 in one year’s time.

Technical Analysis of Owens Corning (OC)

Looking closely at Owens Corning (NYSE: OC), its last 5-days average volume was 0.62 million, which is a drop from its year-to-date volume of 0.68 million. As of the previous 9 days, the stock’s Stochastic %D was 53.69%. Additionally, its Average True Range was 5.18.

During the past 100 days, Owens Corning’s (OC) raw stochastic average was set at 74.53%, which indicates a significant decrease from 97.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 32.00% in the past 14 days, which was lower than the 34.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $167.30, while its 200-day Moving Average is $164.54. However, in the short run, Owens Corning’s stock first resistance to watch stands at $185.93. Second resistance stands at $190.44. The third major resistance level sits at $199.17. If the price goes on to break the first support level at $172.69, it is likely to go to the next support level at $163.96. Should the price break the second support level, the third support level stands at $159.45.

Owens Corning (NYSE: OC) Key Stats

There are currently 86,657K shares outstanding in the company with a market cap of 15.77 billion. Presently, the company’s annual sales total 9,677 M according to its annual income of 1,196 M. Last quarter, the company’s sales amounted to 2,789 M and its income totaled 285,000 K.