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O-I Glass Inc. [OI] is -61.11% lower this YTD. Is it still time to buy?

Post Time:Mar 20,2020Classify:Company NewsView:975

O-I Glass Inc. [NYSE: OI] traded at a low on 03/18/20, posting a -16.25 loss after which it closed the day’ session at $4.64. The results of the trading session contributed to over 2980055 shares changing hands. Over the past one week, the price volatility of O-I Glass Inc. stands at 20.54% while the volatility over the past one month is 11.51%.

The market cap for OI stock reached $721.69 million, with 155.54 million shares outstanding and 154.80 million shares in the current float. Compared to the average trading volume of 2.56M shares, OI reached a trading volume of 2980055 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about O-I Glass Inc. [OI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for OI shares is $14.52 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on OI stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for O-I Glass Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 07, 2020. The new note on the price target was released on December 10, 2019, representing the official price target for O-I Glass Inc. stock. Previously, the target price had yet another drop from $15 to $10, while Wells Fargo kept a Market Perform rating on OI stock. On August 05, 2019, analysts decreased their price target for OI shares from 17 to 13.

The Average True Range (ATR) for O-I Glass Inc. is set at 0.95, with the Price to Sales ratio for OI stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 2.16, with the Price to Cash per share for the same quarter was set at 1.76.

How has OI stock performed recently?

O-I Glass Inc. [OI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.00. With this latest performance, OI shares dropped by -65.32% in over the last four-week period, additionally sinking by -55.51% over the last 6 months – not to mention a drop of -76.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for OI stock in for the last two-week period is set at 22.50, with the RSI for the last a single of trading hit 20.94, and the three-weeks RSI is set at 25.33 for O-I Glass Inc. [OI]. The present Moving Average for the last 50 days of trading for this stock 11.71, while it was recorded at 6.02 for the last single week of trading, and 12.04 for the last 200 days.

O-I Glass Inc. [OI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and O-I Glass Inc. [OI] shares currently have an operating margin of +9.91 and a Gross Margin at +17.46. O-I Glass Inc.’s Net Margin is presently recorded at -5.93.

Return on Total Capital for OI is now 10.61, given the latest momentum, and Return on Invested Capital for the company is -6.64. Return on Equity for this stock declined to -63.37, with Return on Assets sitting at -4.11. When it comes to the capital structure of this company, O-I Glass Inc. [OI] has a Total Debt to Total Equity ratio set at 985.64. Additionally, OI Total Debt to Total Capital is recorded at 90.79, with Total Debt to Total Assets ending up at 59.28. Long-Term Debt to Equity for the company is recorded at 963.65, with the Long-Term Debt to Total Capital now at 88.76.

Receivables Turnover for the company is 11.44 with a Total Asset Turnover recorded at a value of 0.69.O-I Glass Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.

Earnings analysis for O-I Glass Inc. [OI]

With the latest financial reports released by the company, O-I Glass Inc. posted 0.51/share EPS, while the average EPS was predicted by analysts to be reported at 0.53/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -3.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for OI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for O-I Glass Inc. go to 3.92%.

Insider trade positions for O-I Glass Inc. [OI]

There are presently around $827 million, or 97.40% of OI stock, in the hands of institutional investors. The top three institutional holders of OI stocks are: RUSSELL INVESTMENTS GROUP, LTD. with ownership of 15,224,358, which is approximately 31.249% of the company’s market cap and around 0.98% of the total institutional ownership; VANGUARD GROUP INC, holding 14,834,936 shares of the stock with an approximate value of $82.19 million in OI stocks shares; and BLACKROCK INC., currently with $76.29 million in OI stock with ownership of nearly -4.422% of the company’s market capitalization.

Positions in O-I Glass Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 114 institutional holders increased their position in O-I Glass Inc. [NYSE:OI] by around 24,449,484 shares. Additionally, 160 investors decreased positions by around 18,856,355 shares, while 24 investors held positions by with 105,981,383 shares. The mentioned changes placed institutional holdings at 149,287,222 shares, according to the latest SEC report filing. OI stock had 38 new institutional investments in for a total of 11,785,959 shares, while 69 institutional investors sold positions of 4,768,435 shares during the same period.

Source: https://dbtnews.com/Author: shangyi

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