While O-I Glass Inc has overperformed by 7.78%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OI fell by -11.29%, with highs and lows ranging from $17.58 to $10.08, whereas the simple moving average fell by -4.30% in the last 200 days.
On October 17, 2024, BofA Securities Upgraded O-I Glass Inc (NYSE: OI) to Buy. A report published by BofA Securities on April 19, 2024, Downgraded its rating to ‘Neutral’ for OI. UBS also rated OI shares as ‘Buy’, setting a target price of $26 on the company’s shares in an initiating report dated January 16, 2024. Citigroup January 03, 2024d the rating to Neutral on January 03, 2024, and set its price target from $17 to $18. Barclays October 11, 2023d its ‘Underweight’ rating to ‘Equal Weight’ for OI, as published in its report on October 11, 2023. Credit Suisse’s report from September 13, 2023 suggests a price prediction of $22 for OI shares, giving the stock a ‘Neutral’ rating. RBC Capital Mkts also rated the stock as ‘Outperform’.
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Analysis of O-I Glass Inc (OI)
Further, the quarter-over-quarter decrease in sales is -3.67%, showing a negative trend in the upcoming months.
To gain a thorough understanding of O-I Glass Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -25.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.77, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and OI is recording an average volume of 1.45M. On a monthly basis, the volatility of the stock is set at 3.82%, whereas on a weekly basis, it is put at 4.29%, with a gain of 11.52% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.00, showing growth from the present price of $12.88, which can serve as yet another indication of whether OI is worth investing in or should be passed over.
How Do You Analyze O-I Glass Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.89%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 95.73% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
OI shares are owned by institutional investors to the tune of 95.73% at present.
