It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for O-I Glass Inc. (OI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.55, or 2.60%, to $21.68. The O-I Glass Inc. has recorded 45,663 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Owens-Brockway Glass Container Inc. Offer to Purchase for Cash Any and All 5.375% Senior Notes Due 2025.
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O-I Glass Inc. is listed on the NYSE in the Consumer Cyclical sector while operating in the Packaging & Containers industry. At the end of the last regular session, the stock closed at $21.13 and fluctuated between $21.19 as its day high and $20.92 as its day low. The current market capitalization of O-I Glass Inc. is $3.27B. A total of 0.63 million shares were traded on the day, compared to an average of 1.09M shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OI has seen 5 BUY and 4 SELL insider trades, representing the acquisition of 198,318 and the disposition of 131,097 shares. Over the last 12 months, there were 10 BUYs and 10 SELLs from insiders. Insiders purchased 432,735 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.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. 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.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for OI in the last 3 months, the mean price target is $27.67 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 $0.83 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.85 per share and a lower estimate of $0.82. 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
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. 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 $11.44, while its Total Shareholder’s Equity was $827.00M.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.13.