O-I Glass Inc. (NYSE: OI) is -26.91% lower on its value in year-to-date trading and has touched a low of $4.30 and a high of $17.86 in the current 52-week trading range. The OI stock was last observed hovering at around $8.72 in the recent trading session, with the current loss setting it -0.42% off its average median price target of $10.75 for the next 12 months. It is also 44.67% off the consensus price target high of $15.00 offered by 13 analysts, but current levels are -18.57% lower than the price target low of $7.00 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
At last check, trading at $8.30, the stock is -5.38% and -0.25% below its SMA20 and SMA50 respectively. However, with a current trading volume of 0.81 million and changing -4.82% at the moment leaves the stock -13.07% off its SMA200. OI registered -47.63% loss for a year compared to 6-month loss of -36.12%. The firm has a 50-day simple moving average (SMA 50) of $8.80 and a 200-day simple moving average (SMA200) of $9.43.
The stock witnessed a -8.21% gain in the last 1 month and extending the period to 3 months gives it a 18.48%, and is -2.02% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.03% over the week and 7.94% over the month.
O-I Glass Inc. (OI) has around 27500 employees, a market worth around $1.31B and $6.62B in sales. Fwd P/E is 5.19. Profit margin for the company is -6.50%. Distance from 52-week low is 92.80% and -53.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.10%).
O-I Glass Inc. (OI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for O-I Glass Inc. (OI) is a “Hold”. 13 analysts offering their recommendations for the stock have an average rating of 2.80, where 6 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
O-I Glass Inc. is expected to release its quarterly report on 08/04/2020 and quarterly earnings per share for the current quarter are estimated at $0.15 with sales reaching $1.47B over the same period.The EPS is expected to shrink by -387.80% this year, but quarterly earnings will post -8.70% year-over-year. Quarterly sales are estimated to shrink -16.10% in year-over-year returns.
O-I Glass Inc. (OI) Top Institutional Holders
328 institutions hold shares in O-I Glass Inc. (OI), with 1.64M shares held by insiders accounting for 1.04% while institutional investors hold 96.38% of the company’s shares. The shares outstanding are 156.08M, and float is at 154.73M with Short Float at 4.69%. Institutions hold 95.37% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 14.74 million shares valued at $104.8 million. The investor’s holdings represent 9.41% of the OI Shares outstanding. As of Mar 30, 2020, the second largest holder is Russell Investments Group, Ltd. with 13.58 million shares valued at $96.59 million to account for 8.68% of the shares outstanding. The other top investors are Blackrock Inc. which holds 13.38 million shares representing 8.55% and valued at over $95.13 million, while FMR, LLC holds 6.15% of the shares totaling 9.64 million with a market value of $68.51 million.
O-I Glass Inc. (OI) Insider Activity
A total of 31 insider transactions have happened at O-I Glass Inc. (OI) in the last six months, with sales accounting for 6 and purchases happening 25 times. The most recent transaction is an insider purchase by HELLMAN PETER S, the company’s Director. SEC filings show that HELLMAN PETER S bought 475 shares of the company’s common stock on Mar 16 at a price of $5.64 per share for a total of $2678.0. Following the purchase, the insider now owns 61236.0 shares.
O-I Glass Inc. disclosed in a document filed with the SEC on Aug 05 that Williams Carol A (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Aug 05 and was made at $12.21 per share for $0.12 million. Following the transaction, the insider now directly holds 41207.0 shares of the OI stock.
Still, SEC filings show that on Aug 05, HELLMAN PETER S (Director) acquired 5,000 shares at an average price of $12.15 for $60766.0. The insider now directly holds 60,761 shares of O-I Glass Inc. (OI).