O-I Glass Inc [NYSE: OI] loss -15.91% or -2.38 points to close at $12.58 with a heavy trading volume of 9080620 shares.
The daily chart for OI points out that the company has recorded -18.84% loss over the past six months.
If we look at the average trading volume of 1.76M shares, OI reached to a volume of 9080620 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about O-I Glass Inc [OI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OI shares is $20.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OI stock is a recommendation set at 1.91. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for O-I Glass Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on April 19, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on January 16, 2024, representing the official price target for O-I Glass Inc stock. Previously, the target price had yet another raise from $17 to $18, while Citigroup kept a Neutral rating on OI stock. On October 11, 2023, analysts decreased their price target for OI shares from 19 to 18.
The Average True Range (ATR) for O-I Glass Inc is set at 0.71, with the Price to Sales ratio for OI stock in the period of the last 12 months amounting to 0.27. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 5.94. Price to Free Cash Flow for OI in the course of the last twelve months was 17.90 with Quick ratio for the last quarter at 0.77.
Trading performance analysis for OI stock
O-I Glass Inc [OI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.51. With this latest performance, OI shares dropped by -25.87% in over the last four-week period, additionally sinking by -18.84% over the last 6 months – not to mention a drop of -44.01% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OI stock in for the last two-week period is set at 28.36, with the RSI for the last a single of trading hit 23.07, and the three-weeks RSI is set at 32.71 for O-I Glass Inc [OI]. The present Moving Average for the last 50 days of trading for this stock 15.88, while it was recorded at 14.62 for the last single week of trading, and 16.70 for the last 200 days.
O-I Glass Inc [OI]: A deeper dive into fundamental analysis
O-I Glass Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.77 and a Current Ratio set at 1.23.
O-I Glass Inc [OI]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for O-I Glass Inc go to -1.40%.
An analysis of Institutional ownership at O-I Glass Inc [OI]
The top three institutional holders of OI stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in OI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in OI stock with ownership which is approximately 5.8386%.
