Owens Corning (NYSE:OC) shares, rose in value on Friday, March 28, with the stock price down by -3.07% to the previous day’s close as strong demand from buyers drove the stock to $142.63.
Actively observing the price movement in the last trading, the stock closed the session at $147.15, falling within a range of $142.27 and $147.58. The value of beta (5-year monthly) was 1.517 whereas the PE ratio was 19.62 over 12-month period. Referring to stock’s 52-week performance, its high was $214.53, and the low was $137.50. On the whole, OC has fluctuated by -6.20% over the past month.
With the market capitalization of Owens Corning currently standing at about $12.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-23. The company’s Forward Dividend Ratio is 2.58, with its dividend yield at 1.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.64B, with a low estimate of 2.48B and a high estimate of 2.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.52B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that OC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.21, with the price of OC currently trading nearly -1.71% and -13.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.81, while the 7-day volatility ratio is showing 2.67% which for the 30-day chart, stands at 3.17%. Furthermore, Owens Corning (OC)’s beta value is 1.38, and its average true range (ATR) is 4.85.
A comparison of Owens Corning (OC) with its peers suggests the former has fared considerably weaker in the market. OC showed an intraday change of -3.07% in last session, and over the past year, it shrunk by -13.11%%.
Data on historical trading for Owens Corning (NYSE:OC) indicates that the trading volumes over the past 10 days have averaged 1.02 and over the past 3 months, they’ve averaged 952.15K. According to company’s latest data on outstanding shares, there are 85.40 million shares outstanding.
Nearly 1.03% of Owens Corning’s shares belong to company insiders and institutional investors own 92.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.25 million shares as on 2025-03-14, resulting in a short ratio of 0.94. According to the data, the short interest in Owens Corning (OC) stood at 192.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 0.98 million. The stock has fallen by -16.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the OC stock heading into the next quarter.
