An Evaluation Of O-I Glass Inc (NYSE: OI) Prospects

After Hours

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. Earlier, Yahoo Finance discussed this stock as it revealed O-I Glass Reports Full Year and Fourth Quarter 2023 Results.

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Stocks Info

OI belongs to the Consumer Cyclical sector of the NYSE while operating in the Packaging & Containers industry. At the end of the last regular session, the stock closed at $16.11 and fluctuated between $16.36 as its day high and $15.49 as its day low. The current market capitalization of O-I Glass Inc is $2.49B. A total of 5.28 million shares were traded on the day, compared to an average of 1.70M shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, OI has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 6 SELLs from insiders. Insiders purchased 258,465 shares during that period but sold 266,403.

In the most recent transaction, Lopez Andres Alberto sold 76,132 shares of OI for 22.54 per share on Jun 07. After the transaction, the President & CEO now owns 1,036,969 company shares. In a previous transaction on Jun 06, Lopez Andres Alberto sold 59,174 shares at 22.02 per share. OI shares that President & CEO owns now total 1,113,101.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for OI in the last 3 months, the mean price target is $21.44 with high estimates of $28.00 and low estimates of $16.00. In terms of 52-week highs and lows, OI has a high of $23.57 and a low of $13.56.

As of this writing, OI has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.72 per share and a lower estimate of $0.31. The company reported an EPS of $0.8 in the last quarter, which was 14.30% higher than expectations of $0.7.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $12.84, while its Total Shareholder’s Equity was $827.00M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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 4.38.

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