O-I Glass Inc (NYSE: OI) is -18.38% lower on its value in year-to-date trading and has touched a low of $10.08 and a high of $17.58 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 $12.80 in the last trading session, with the day’s gains setting it 0.57%.
Currently trading at $13.37, the stock is 8.08% and 5.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 4.45% at the moment leaves the stock -0.43% off its SMA200. OI registered -8.74% loss for a year compared to 6-month loss of -1.91%. The firm has a 50-day simple moving average (SMA 50) of $12.615 and a 200-day simple moving average (SMA200) of $13.4376.
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The stock witnessed a 0.45% gain in the last 1 month and extending the period to 3 months gives it a 13.02%, and is 17.80% 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 4.38% over the week and 3.80% over the month.
O-I Glass Inc (OI) has around 23000 employees, a market worth around $2.07B and $6.64B in sales. Fwd P/E is 9.06. Profit margin for the company is -6.34%. Distance from 52-week low is 32.64% and -23.95% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.95%).
with sales reaching $1.61B over the same period.The EPS is expected to shrink by -74.55% this year, but quarterly earnings will post -7.00% year-over-year. Quarterly sales are estimated to shrink -1.80% in year-over-year returns.
O-I Glass Inc (OI) Top Institutional Holders
363.0 institutions hold shares in O-I Glass Inc (OI), with institutional investors hold 100.77% of the company’s shares. The shares outstanding are 154.25M, and float is at 151.72M with Short Float at 3.53%. Institutions hold 99.01% 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 BURNS RANDOLPH L, the company’s SVP, Chief Admin & Sus Officer. SEC filings show that BURNS RANDOLPH L bought 13,000 shares of the company’s common stock on Nov 04 ’24 at a price of $11.38 per share for a total of $0.15 million. Following the purchase, the insider now owns 70817.0 shares.
O-I Glass Inc disclosed in a document filed with the SEC on Aug 15 ’24 that Haudrich John (SVP & Chief Financial Officer) bought a total of 8,000 shares of the company’s common stock. The trade occurred on Aug 15 ’24 and was made at $12.25 per share for $97991.0. Following the transaction, the insider now directly holds 0.35 million shares of the OI stock.
Still, SEC filings show that on Aug 06 ’24, Humphrey John (Director) acquired 15,000 shares at an average price of $11.30 for $0.17 million. The insider now directly holds 84,227 shares of O-I Glass Inc (OI).
