With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.43 million shares. The 52-week range on OI shows that it touched its highest point at $17.58 and its lowest point at $9.85 during that stretch. It currently has a 1-year price target of $14.89. Beta for the stock currently stands at 1.21.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OI was up-trending over the past week, with a rise of 1.78%, but this was down by -2.39% over a month. Three-month performance dropped to -10.82% while six-month performance fell -10.33%. The stock lost -33.57% in the past year, while it has gained 5.72% so far this year. A look at the trailing 12-month EPS for OI yields -0.71 with Next year EPS estimates of 1.79. For the next quarter, that number is 0.23. This implies an EPS growth rate of 65.33% for this year and 33.77% for next year. EPS is expected to grow by 40.84% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.26%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OI since 12 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.79372 being high and $0.76564 being low. For OI, this leads to a yearly average estimate of $0.78328. Based on analyst estimates, the high estimate for the next quarter is $0.46 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.41.
