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OC
Stock ticker:
NYSE
AS OF
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Capitalization
10.65B

OC Price Prediction, Owens Corning AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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A.I.Advisor
a Summary for OC with price predictions
08:00 PM EDT Jun 08, 2023

Momentum Indicator for OC turns positive, indicating new upward trend

OC saw its Momentum Indicator move above the 0 level on June 02, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 87 similar instances where the indicator turned positive. In of the 87 cases, the stock moved higher in the following days. The odds of a move higher are at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for OC just turned positive on June 05, 2023. Looking at past instances where OC's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where OC advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 289 cases where OC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where OC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

OC broke above its upper Bollinger Band on June 06, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 71, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.222) is normal, around the industry mean (5.096). P/E Ratio (8.540) is within average values for comparable stocks, (25.042). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (5.149). Dividend Yield (0.015) settles around the average of (0.025) among similar stocks. P/S Ratio (1.159) is also within normal values, averaging (1.618).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. OC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I. Advisor
published Earnings

OC is expected to report earnings to rise 10.83% to $3.07 per share on July 26

Owens Corning OC Stock Earnings Reports
Q2'23
Est.
$3.07
Q1'23
Beat
by $0.54
Q4'22
Beat
by $0.14
Q3'22
Beat
by $0.37
Q2'22
Beat
by $0.50
The last earnings report on April 26 showed earnings per share of $2.77, beating the estimate of $2.23. With 785.77K shares outstanding, the current market capitalization sits at 10.65B.
A.I.Advisor
published Dividends

OC paid dividends on April 06, 2023

Owens Corning OC Stock Dividends
А dividend of $0.52 per share was paid with a record date of April 06, 2023, and an ex-dividend date of March 02, 2023. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Johnson Controls International plc (NYSE:JCI), Owens Corning (NYSE:OC), Alpha Pro Tech Ltd (ASE:APT).

Industry description

The industry manufactures products used in the construction of residential and commercial buildings. The process involves using materials and other products, and processing them to create finished items such as doors, windows, light fittings, floor coverings, climate control products and other building components and home improvement products. Masco Corporation, Allegion PLC and Lennox International Inc. are major manufacturers of such products.

Market Cap

The average market capitalization across the Building Products Industry is 8.19B. The market cap for tickers in the group ranges from 14.02K to 60.42B. DKILY holds the highest valuation in this group at 60.42B. The lowest valued company is MTWD at 14.02K.

High and low price notable news

The average weekly price growth across all stocks in the Building Products Industry was 0%. For the same Industry, the average monthly price growth was 0%, and the average quarterly price growth was 10%. TILE experienced the highest price growth at 10%, while AEHL experienced the biggest fall at -20%.

Volume

The average weekly volume growth across all stocks in the Building Products Industry was -25%. For the same stocks of the Industry, the average monthly volume growth was -6% and the average quarterly volume growth was 7%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 48
P/E Growth Rating: 56
Price Growth Rating: 50
SMR Rating: 54
Profit Risk Rating: 71
Seasonality Score: 11 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a global producer of residential and commercial building materials, glass-fiber reinforcements and engineered materials for composite systems

Industry BuildingProducts

Profile
Fundamentals
Details
Industry
Construction Materials
Address
One Owens Corning Parkway
Phone
+1 419 248-8000
Employees
19000
Web
https://www.owenscorning.com
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OC and

Correlation & Price change

A.I.dvisor indicates that over the last year, OC has been closely correlated with MAS. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if OC jumps, then MAS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To OC
1D Price
Change %
OC100%
-0.01%
MAS - OC
81%
Closely correlated
-1.26%
BECN - OC
78%
Closely correlated
+0.73%
GMS - OC
77%
Closely correlated
-0.96%
DOOR - OC
77%
Closely correlated
+0.22%
BLDR - OC
76%
Closely correlated
-0.19%
More