Here is the latest forecast and market data for Owens Corning($OC)

Market Data

In this article we will be analyzing Owens Corning. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $93.23 and has moved $-0.899999999999992 from yesterday’s closing price of $92.96. The high for today is $93.76 and the low is $91.94. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Owens Corning is $109.895 and the low is $53.69. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 488758. Now that we know where Owens Corning stands in price and volume, let’s learn more about the future of the company.

Forecast & Beta

As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Owens Corning has a beta of 1.54868. Knowing all of this, we project that Owens Corning will have a price of $112.2 in 12-months compared to it’s current price of $92.06 ($-154.13 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Owens Corning has a marketcap of $9782873000.

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