O-I Glass Inc [NYSE: OI] closed the trading session at $11.55.
The stocks have a year to date performance of -29.49 percent and weekly performance of -5.94 percent. The stock has been moved at -8.19 percent over the last six months. The stock has performed -11.70 percent around the most recent 30 days and changed -7.75 percent over the most recent 3-months.
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If compared to the average trading volume of 1.54M shares, OI reached to a volume of 3513611 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $16.22 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 1.82. 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 Buy, with their previous recommendation back on October 17, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $21 to $16. The new note on the price target was released on April 19, 2024, representing the official price target for O-I Glass Inc stock. Previously, the target price had yet another raise to $26, while UBS analysts kept a Buy rating on OI stock. On January 03, 2024, analysts increased their price target for OI shares from 17 to 18.
The Average True Range (ATR) for O-I Glass Inc is set at 0.49, 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 1.19, with the Price to Cash per share for the same quarter was set at 4.86.
OI stock trade performance evaluation
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 -5.94. With this latest performance, OI shares dropped by -11.70% in over the last four-week period, additionally sinking by -8.19% over the last 6 months – not to mention a drop of -25.48% 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 35.98, with the RSI for the last a single of trading hit 31.16, and the three-weeks RSI is set at 39.88 for O-I Glass Inc [OI]. The present Moving Average for the last 50 days of trading for this stock 12.71, while it was recorded at 12.23 for the last single week of trading, and 13.54 for the last 200 days.
O-I Glass Inc [OI]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for O-I Glass Inc [OI] stock
With the latest financial reports released by the company, O-I Glass Inc posted 0.12/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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 -8.75%.
O-I Glass Inc [OI]: Institutional Ownership
There are presently around $96.14%, or 97.84%% of OI stock, in the hands of institutional investors. The top three institutional holders of OI stocks are: BLACKROCK INC. with ownership of 24.02 million shares, which is approximately 15.568%. VANGUARD GROUP INC, holding 19.4 million shares of the stock with an approximate value of $$215.91 million in OI stocks shares; and VANGUARD GROUP INC, currently with $$131.57 million in OI stock with ownership which is approximately 7.6625%.
