Owens Corning (NYSE:OC) Relative Strength Index (RSI) is 60.63, with weekly volatility at 2.02% and ATR at 2.77. The OC stock’s 52-week price range has touched low of $50.42 and a $109.89 high. Intraday shares traded counted 0.75 million, which was 16.27% higher than its 30-day average trading volume of 892.47K. Its shares traded higher over the last trading session, gaining 0.03% on 05/28/21. The shares fell to a low of $105.01 before closing at $106.65. OC’s previous close was $106.62 while the outstanding shares total 105.40M. The firm has a beta of 1.55, a 12-month trailing P/E ratio of 15.49, and a growth ratio of 1.80.
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Investors have identified the Building Products & Equipment company Owens Corning as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $11.14 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Owens Corning (OC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 2.74 billion total, with 1.47 billion as their total liabilities.
OC were able to record 120.0 million as free cash flow during the 07/28/2021 quarter of the year, this saw their quarterly net cash flow reduce by -112.0 million. In cash movements, the company had a total of 204.0 million as operating cash flow.
Potential earnings growth for Owens Corning (OC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/28/2021 quarter of the year, Owens Corning recorded a total of 1.92 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 16.4% coming in sequential stages and their sales for the 07/28/2021 quarter reducing by -0.52%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 1.47 billion trying to sell their products during the last quarter, with the result yielding a gross income of 444.0 million. This allows shareholders to hold on to 105.40M with the recently reported earning now reading 1.99 cents per share. This is a figure that compared to analyst’s prediction for their 07/28/2021 (1.73 cents a share).
Having a look at the company’s valuation, the company is expected to record 8.70 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OC sounds very interesting.
Is the stock of OC attractive?
In related news, Vice President and Controller, Schmidt Kelly sold 5,055 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 98.98, for a total value of 500,369. As the sale deal closes, the President, Composites, Sandri Marcio A now sold 12,000 shares of the company’s stock, valued at 1,164,240. Also, EVP and Chief Growth Officer, SMITH DANIEL T sold 10,341 shares of the company’s stock in a deal that was recorded on Apr 06. The shares were price at an average price of 95.00 per share, with a total market value of 982,395. Following this completion of acquisition, the EVP and Chief Growth Officer, SMITH DANIEL T now holds 9,525 shares of the company’s stock, valued at 882,206. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.60%.
8 out of 18 analysts covering the stock have rated it a Buy, while 9 have maintained a Hold recommendation on Owens Corning. 1 analysts has assigned a Sell rating on the OC stock. The 12-month mean consensus price target for the company’s shares has been set at $108.46.
