O-I Glass Inc (OI) concluded trading on Wednesday at a closing price of $11.55, with 3.51 million shares of worth about $40.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.19% during that period and on October 30, 2024 the price saw a loss of about -7.15%. Currently the company’s common shares owned by public are about 154.25M shares, out of which, 152.43M shares are available for trading.
Stock saw a price change of -5.94% in past 5 days and over the past one month there was a price change of -11.70%. Year-to-date (YTD), OI shares are showing a performance of -29.49% which decreased to -25.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.08 but also hit the highest price of $17.58 during that period. The average intraday trading volume for O-I Glass Inc shares is 1.54 million. The stock is currently trading -9.29% below its 20-day simple moving average (SMA20), while that difference is down -9.13% for SMA50 and it goes to -14.68% lower than SMA200.
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O-I Glass Inc (NYSE: OI) currently have 154.25M outstanding shares and institutions hold larger chunk of about 94.95% of that.
The stock has a current market capitalization of $1.79B and its 3Y-monthly beta is at 1.19. It has posted earnings per share of -$2.75 in the same period. It has Quick Ratio of 0.77 while making debt-to-equity ratio of 3.54. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OI, volatility over the week remained 3.73% while standing at 3.44% over the month.
Stock’s fiscal year EPS is expected to drop by -66.15% while it is estimated to increase by 70.31% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 17, 2024 offering a Buy rating for the stock and assigned a target price range of between $14 and $16 to it. Coverage by BofA Securities stated O-I Glass Inc (OI) stock as a Neutral in their note to investors on April 19, 2024, suggesting a price target of $16 for the stock. On January 16, 2024, UBS Initiated their recommendations, while on January 03, 2024, Citigroup Downgrade their ratings for the stock with a price target of $18. Stock get an Equal weight rating from Barclays on October 11, 2023.
