While O-I Glass Inc has overperformed by 1.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, OI fell by -24.04%, with highs and lows ranging from $23.57 to $13.56, whereas the simple moving average fell by -0.47% in the last 200 days.
On January 16, 2024, UBS started tracking O-I Glass Inc (NYSE: OI) recommending Buy. A report published by Citigroup on January 03, 2024, Downgraded its rating to ‘Neutral’ for OI. Barclays also Upgraded OI shares as ‘Equal Weight’, setting a target price of $18 on the company’s shares in a report dated October 11, 2023. Credit Suisse September 13, 2023d the rating to Neutral on September 13, 2023, and set its price target from $21 to $22. RBC Capital Mkts February 02, 2023d its ‘Sector Perform’ rating to ‘Outperform’ for OI, as published in its report on February 02, 2023. Wells Fargo’s report from January 09, 2023 suggests a price prediction of $24 for OI shares, giving the stock a ‘Overweight’ rating. Citigroup also rated the stock as ‘Buy’.
Analysis of O-I Glass Inc (OI)
Further, the quarter-over-quarter decrease in sales is -3.07%, showing a negative trend in the upcoming months.
One of the most important indicators of O-I Glass Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -6.81% 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.
For any stock, average volume can also provide valuable insight into volatility, and OI is recording 1.72M average volume. On a monthly basis, the volatility of the stock is set at 3.41%, whereas on a weekly basis, it is put at 3.13%, with a gain of 10.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $21.44, showing growth from the present price of $17.25, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 1.78%. 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 98.58% 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 98.58% at present.
