O-I Glass Inc (OI): A Case For Going Higher

After Hours

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. Recently, Yahoo Finance discussed the stock, revealing that O-I Glass Announces CEO Andres Lopez to Retire.

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Stocks Info

This NYSE-listed company operates within the Packaging & Containers industry segment, falling under the Consumer Cyclical sector. The current market capitalization of O-I Glass Inc is $2.40B. A total of 0.87 million shares were traded on the day, compared to an average of 1.75M shares.

In the most recent transaction, Lopez Andres Alberto sold 76,132 shares of OI for 22.54 per share on Jun 07 ’23. After the transaction, the President & CEO now owns 1,036,969 company shares. In a previous transaction on Jun 06 ’23, Lopez Andres Alberto sold 59,174 shares at 22.02 per share. OI shares that President & CEO owns now total 1,113,101.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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 $0.38 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.41 per share and a lower estimate of $0.34. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $10.43, while its Total Shareholder’s Equity was $827.00M.

Analysts Opinion

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, 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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