There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for O-I Glass Inc. (OI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.34, or -1.51%, to $22.13. The O-I Glass Inc. has recorded 26,753 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that O-I Glass Celebrates Contributions of Women in Innovation.
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As a NYSE listed company, OI falls under the Consumer Cyclical sector while operating within the Packaging & Containers industry segment. At the end of the last regular session, the stock closed at $22.47 and fluctuated between $22.99 as its day high and $22.44 as its day low. The current market capitalization of O-I Glass Inc. is $3.52B. A total of 0.96 million shares were traded on the day, compared to an average of 1.26M shares.
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, OI has seen 10 BUY and 9 SELL insider trades, representing the acquisition of 432,735 and the disposition of 327,244 shares. Over the last 12 months, there were 20 BUYs and 10 SELLs from insiders. Insiders purchased 540,755 shares during that period but sold 328,613.
In the most recent transaction, Torno Vitaliano sold 17,299 shares of OI for 22.22 per share on Feb 07. After the transaction, the President, Bus Ops & OI Europe now owns 158,010 company shares. In a previous transaction on Feb 07, AUJOUANNET ARNAUD sold 2,510 shares at 22.33 per share. OI shares that SVP & Chief Sales & Marketing owns now total 55,368.
Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. OI’s most recent ex-dividend date was 2/27/2020 when it declared a $0.05 quarterly dividend that was paid in cash on 3/16/2020. Previously, the company paid the dividend on 12/16/2019 with an ex-dividend date of 11/27/2019. The OI stock dividend was $0.05 per share in cash.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for OI in the last 3 months, the mean price target is $27.00 with high estimates of $37.00 and low estimates of $19.00. In terms of 52-week highs and lows, OI has a high of $23.52 and a low of $11.60.
As of this writing, OI has an earnings estimate of $0.82 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.84 per share and a lower estimate of $0.76. The company reported an EPS of $0.38 in the last quarter, which was 18.80% higher than expectations of $0.32.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. OI’s latest balance sheet shows that the firm has $725.00M in Cash & Short Term Investments as of fiscal 2021. There were $4.83B in debt and $1.85B in liabilities at the time. Its Book Value Per Share was $9.80, while its Total Shareholder’s Equity was $827.00M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OI is Hold with a score of 4.13. A total of 6 analysts rated the stock as Buy while 2 rated it as Overweight while 2 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.