The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. O-I Glass Inc.’s current trading price is -22.06% away from its 52-week high, while its distance from the 52-week low is 52.45%. The stock’s price range for this period has been between $12.05 and $23.57 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 1.94 million for the day, a number notably higher than the average daily volume of 0.95 million over the last three months.
At present, O-I Glass Inc. (OI) has a stock price of $18.37. In the previous session, the stock saw a rise, peaking at $18.699 after an opening price of $18.30. The day’s lowest price was $18.30, and it closed at $18.02.
The market performance of O-I Glass Inc.’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $23.57 on 07/25/23, while the lowest value for the same duration was $12.05 on 09/23/22.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
O-I Glass Inc. (OI) has experienced a quarterly decline of -11.94% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.89B and boasts a workforce of 24000 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 21.01, with a change in price of -3.19. Similarly, O-I Glass Inc. recorded 955,726 in trading volume during the last 100 days, posting a change of -14.80%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for OI stands at 2.48. Similarly, the long-term debt-to-equity ratio is also 2.36.
OI Stock Stochastic Average
As of today, O-I Glass Inc.’s raw stochastic average for the last 50 days stands at 8.37%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 19.83%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 12.54% and 8.53%, respectively.
OI Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 10.86%.However, over the last six months, we can see a stronger performance of -12.94%. Over the last 30 days, the price of OI has leaped by -4.72%. And in the last five days, it has fallen by -2.75%.