O-I Glass Inc (NYSE:OI) price on Thursday, July 03, rose 0.64% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $15.67.
A look at the stock’s price movement, the close in the last trading session was $15.57, moving within a range at $15.5 and $15.77. The beta value (5-Year monthly) was 0.951. Turning to its 52-week performance, $15.59 and $9.23 were the 52-week high and 52-week low respectively. Overall, OI moved 21.00% over the past month.
O-I Glass Inc’s market cap currently stands at around $2.42 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Apr-29.
Analysts have a consensus estimate of 1.7B for the company’s revenue for the quarter, with a low and high estimate of 1.67B and 1.75B respectively. The average forecast suggests down to a -1.79% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 6.46B, representing a -1.12% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OI is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
12 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 7 recommend OI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OI’s current price about 9.46% and 15.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.33, while 7-day volatility ratio is 3.42% and 2.97% in the 30-day chart. Further, O-I Glass Inc (OI) has a beta value of 0.93. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $18 and high of $18. Looking at the price targets, the low is -14.87% off current price level while to achieve the yearly target high, price needs to move -14.87%. Nonetheless, investors will most likely welcome a -14.87% jump to $18 which is the analysts’ median price.
If we refocus on O-I Glass Inc (NYSE:OI), historical trading data shows that trading volumes averaged 2.6 over the past 10 days and 1.59 million over the past 3 months. The company’s latest data on shares outstanding shows there are 154.68 million shares.
The 2.44% of O-I Glass Inc’s shares are in the hands of company insiders while institutional holders own 99.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 6.24 million on 2025-06-13, giving us a short ratio of 5.48. The data shows that as of 2025-06-13 short interest in O-I Glass Inc (OI) stood at 571.0 of shares outstanding, with shares short rising to 5.09 million registered in 2025-05-15. Current price change has pushed the stock 46.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OI stock continues to rise going into the next quarter.
