Geometry Dash APK Hill Climb Racing APK
15.6 F
New York
Friday, January 21, 2022

Renewed Optimism is Surrounding O-I Glass Inc. (OI)

Must read

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

Many stocks have been testing new highs in 2020, and one of the most notable is O-I Glass Inc. (OI). Currently, OI is trading at $11.09 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $9.57.

To add more color to this target, the company’s high over the last year is $17.86 and the low is $4.30. Over the last 52 weeks, OI is down -37.92% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, OI reported a profit of $268.0 million. O-I Glass Inc. also saw revenues increase to $1.56 billion. In addition, OI has free cash flow of -$435.0 million as of 03-2020 The company’s EBITDA came in at $262.0 million which compares well with its peers.

OI booked profit margins of -6.70%, its Return on Equity (ROE) is -66.20%, and its Return on Assets is -4.40%. All told, it is clear that, OI needs to be on your watchlist.

About O-I Glass Inc.

If readers are unfamiliar, O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. It offers glass containers in a range of sizes, shapes, and colors. The company sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. O-I Glass, Inc. was founded in 1903 and is headquartered in Perrysburg, Ohio.

Find out when OI reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. OI has a short ratio of 2.97 and outstanding shares of 155.75M.

Company Outlook

OI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.99 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -2.75. O-I Glass Inc. OI also noted assets of $9.5 billion at the end of the last quarter. Investors should also keep an eye on sector updates as OI has historically followed its peers on positive news.

All told, O-I Glass Inc. OI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, OI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

O-I Glass Inc. OI is now commanding a market cap of 1.73B and a float of 154.79M. OI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of OI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in OI, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service