O-I Glass Inc (NYSE: OI) is -22.47% lower on its value in year-to-date trading and has touched a low of $10.08 and a high of $18.70 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OI stock was last observed hovering at around $11.93 in the last trading session, with the day’s gains setting it 0.77%.
Currently trading at $12.70, the stock is 2.43% and 7.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.42 million and changing 6.45% at the moment leaves the stock -9.47% off its SMA200. OI registered -29.52% loss for a year compared to 6-month loss of -16.72%.
The stock witnessed a 9.77% gain in the last 1 month and extending the period to 3 months gives it a 8.27%, and is 1.84% 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 3.60% over the week and 3.25% over the month.
O-I Glass Inc (OI) has around 23000 employees, a market worth around $1.97B and $6.71B in sales. Fwd P/E is 6.73. Profit margin for the company is -4.32%. Distance from 52-week low is 25.99% and -32.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.71%).
The EPS is expected to shrink by -63.03% this year.
O-I Glass Inc (OI) Top Institutional Holders
360.0 institutions hold shares in O-I Glass Inc (OI), with institutional investors hold 97.46% of the company’s shares. The shares outstanding are 154.25M, and float is at 152.49M with Short Float at 3.02%. Institutions hold 95.81% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 24.02 million shares valued at $267.31 million. The investor’s holdings represent 15.568% of the OI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.4 million shares valued at $215.91 million to account for 12.5743 of the shares outstanding. The other top investors are FMR LLC which holds 11.82 million shares representing 7.6625% and valued at over $131.57 million, while COOPER CREEK PARTNERS MANAGEMENT LLC holds 5.0729 of the shares totaling 7.83 million with a market value of $87.1 million.
O-I Glass Inc (OI) Insider Activity
The most recent transaction is an insider purchase by Haudrich John, the company’s SVP & Chief Financial Officer. SEC filings show that Haudrich John bought 8,000 shares of the company’s common stock on Aug 15 ’24 at a price of $12.25 per share for a total of $97991.0. Following the purchase, the insider now owns 0.35 million shares.
O-I Glass Inc disclosed in a document filed with the SEC on Aug 06 ’24 that Humphrey John (Director) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $11.30 per share for $0.17 million. Following the transaction, the insider now directly holds 84227.0 shares of the OI stock.
