O-I Glass, Inc. (NYSE:OI) traded at $11.67 at last check on Friday, Nov 20, making a downturn move of -4.5% on its previous day’s price.
Looking at the stock we see that its previous close was $12.22 and the beta (5Y monthly) reads 1.81 with the day’s price range being $11.60 – 12.24. The company has a 12-month trailing PE ratio of 6.02. In terms of its 52-week price range, OI has a high of $15.64 and a low of $4.3. The company’s stock has gained about 7.16% over that past 30 days.
O-I has a market cap of $1.85 Billion and is expected to release its quarterly earnings report on October 27, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the OI stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.34, with the EPS growth for the year declined at $1.16 for 2020 and $1.66 for next year. These figures represent -0.48% and at 0.43% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.48 Billion, with a low of $1.39 Billion and a high of $1.56 Billion. The median projection represents growth adding up to -9.4% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $6.07 Billion, or -9.3% down from figures reported last year.
On the other hand, looking at the outlook for the OI stock, short term indicators assign the stock an average of 25% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Coming back to O-I Glass, Inc. (NYSE:OI), we note that the average 3-month trading volume was 1.14 Million, while that of the preceding 10-day period stands at 1.27 Million. Current shares outstanding are 156.96 Million.
According to data from Thomson Reuters, insiders hold 1.17% of the company’s shares while institutions hold 93.74%. The data shows that short shares as of October 29, 2020, stood at 4.69 Million at a short ratio of 4.42. This represents a 2.99% Short interest in Shares outstanding on October 29, 2020. Shares short rose in October from the previous month at 4.59 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -2.18% down in year-to-date price movement.