O-I Glass Inc (OI) Is A Buy Stock For Small Caps – Analysts

ZM Stock

O-I Glass Inc (NYSE:OI) has a beta value of 1.26 and has seen 0.65 million shares traded in the recent trading session. The company, currently valued at $1.98B, closed the recent trade at $12.69 per share which meant it lost -$0.24 on the day or -1.87% during that session. The OI stock price is -85.74% off its 52-week high price of $23.57 and 2.29% above the 52-week low of $12.40. The 3-month trading volume is 1.61 million shares.

O-I Glass Inc (NYSE:OI) trade information

Sporting -1.87% in the red today, the stock has traded in the red over the last five days, when the OI stock price touched $12.69 or saw a rise of 8.04%. Year-to-date, O-I Glass Inc shares have moved -22.54%, while the 5-day performance has seen it change -7.11%. Over the past 30 days, the shares of O-I Glass Inc (NYSE:OI) have changed -14.55%.

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O-I Glass Inc (OI) estimates and forecasts

Figures show that O-I Glass Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -14.96% over the past 6 months, with this year growth rate of -45.95%, compared to -14.60% for the industry. Revenue growth from the last financial year stood is estimated to be -3.50%.

6 analysts offering their estimates for the company have set an average revenue estimate of 1.78B for the current quarter. 6 have an estimated revenue figure of 1.79B for the next ending quarter. Year-ago sales stood 1.84B and 1.76B respectively for this quarter and the next, and analysts expect sales will shrink by -3.50% for the current quarter and -3.50% for the next.

Earnings growth for 2024 is a modest -44.36% while over the next 5 years, the company’s earnings are expected to decrease by -9.80%.

OI Dividends

O-I Glass Inc is expected to release its next earnings report in June this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.