Owens Corning (NYSE: OC) is 6.96% higher on its value in year-to-date trading and has touched a low of $109.95 and a high of $191.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The OC stock was last observed hovering at around $159.49 in the last trading session, with the day’s loss setting it -0.95%.
Currently trading at $158.54, the stock is -7.14% and -8.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing -0.60% at the moment leaves the stock 0.50% off its SMA200. OC registered 10.98% gain for a year compared to 6-month gain of 7.82%.
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The stock witnessed a -12.69% loss in the last 1 month and extending the period to 3 months gives it a -10.78%, and is 2.93% up 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 2.16% over the week and 3.40% over the month.
Owens Corning (OC) has around 18000 employees, a market worth around $13.79B and $9.87B in sales. Current P/E ratio is 13.42 and Fwd P/E is 9.66. Profit margin for the company is 10.66%. Distance from 52-week low is 44.19% and -17.05% from its 52-week high. The company has generated returns on investments over the last 12 months (9.67%).
The EPS is expected to grow by 6.81% this year
The shares outstanding are 87.20M, and float is at 86.07M with Short Float at 1.77%.
Owens Corning (OC) Insider Activity
Owens Corning disclosed in a document filed with the SEC on Jun 27 ’24 that Fister Todd W (EVP & Chief Financial Officer) sold a total of 3,000 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $173.65 per share for $0.52 million. Following the transaction, the insider now directly holds 31626.0 shares of the OC stock.
Still, SEC filings show that on Jun 13 ’24, Fister Todd W (EVP & Chief Financial Officer) disposed off 3,000 shares at an average price of $180.85 for $0.54 million. The insider now directly holds 34,626 shares of Owens Corning (OC).
